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Villa resort with 5 villas and one extra bungalow for the gardener. 20 meters long pool, good for exercise swimming. Serve the long and short term rental market & has high occupancy levels. Ideal investment, easy to run. Freehold land 1,3 rai. Land and houses are owned by Thai Ltd, co. 3 big villas with 4 bedrooms and 3 bathrooms and western style fully equipped kitchen open connected to big living room. Inside living area is 200 sqm for each house. 1 villa with 2 bedrooms, 1 bathroom and western style fully equipped kitchen open connected to big living room. Inside living area is 100 sqm for this house. All houses have 2 outside terrace in different sizes, 12 to 50 sqm each depending on villa. The big villas also have big balconies overlooking the pool area (Pool is over 20 meter long and 7 meter wide), the pool has been renovated in 2021. 1 villa (gardener/security) villa. 1 bedroom/living room, 1 bathroom and kitchen. This house have 30 sqm inside living area. The villas are in between 12 and 14 years old. They are very well taken care of and they are for example built with double outside walls, separate draining system for each villa and built in air conditions (6 for the big villas and 4 for the small villa). Early income now from long- and short-term rentals combined 1,9 - 2,2 million baht. Different agents that take care of the rentals and cleaning etc. Outgoings and expenses: 1 staff who lives in the 1 bedroom bungalow next to the gate, salary 16 000 baht/month (192 000 baht/year). He takes care of the area such as gardening, pool care, handyman smaller painting and electric work and he also acts like security guard, he been here for 10 years now and he is very reliable. He is also employed in my Thai limited company that owns the plot and the houses. 10 000 – 12 000 baht per year for pool products (chlorine etc). Property tax 50 000 – 60 000 per year. The water is free because the houses have there own wells on the plot (each house and the pool has its own well), we always have water because we live next to the hill side. The tenants pay for electric and internet by them self. Pest patrol come every 3 week to check the houses for insects, expense total 31 000 baht/per year. Total outgoings and expenses per month 25 000 - 27 000 baht. All built in refrigerators/freezer (except 1 that still works god) and washing machines are new from the last 4 years. We have replaced all electric products (such as pool pumps, engine for the electric gate, air-condition etc.) that have needed replacement with new ones. The pool was fully renovated in 2021.
Foreign nationals can own the building (villa) in their own name but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
After you have found the right property at Eden Villas Kamala you have to follow these steps:
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.