Khao Yai Condominium and Boutique Hotel Investment

Property Details

Khao Yai Condominium and Boutique Hotel Investment

  14 Condominium units with Land and plans to build small boutique hotel residences with a potential mini ‘vineyard’ organic garden concept and spa/wellness area that uses local / vineyard products for their treatments. Investment is 91,500,000 Thai Baht The sale includes the Remainder of 14 condo units – A total of 1639 SQM of interior space, located within a beautiful quality low-rise development, one building with 4 floors and 2nd building has 5 floors, only 27 spacious units. The Developer owns "Additional" 3 Rai / 4800 sqm adjacent to/ in front of the project for a 3rd building developed as a boutique HOTEL (attached concept drawings – whereby original 14 condo units to be used as the HOTEL's "RESIDENCES" ( sold as a timeshare / fractional ownership, etc. ) and managed by the HOTEL ( RESIDENCE units added into the hotel 'key' count to maximize on operational revenues) Please see attached potential design proposal for 3rd building (C), which could be a condo/residences or boutique hotel if a boutique hotel, could offer “hotel” services to the other two residential buildings when ‘owners’ are not in their residences, they can be part of the ‘key’ count of the boutique hotel increasing the number of ‘keys’ or rooms to close to 50… Excellent potential for further development, when looking at the overall potential development extension….as boutique “ HOTEL  / Vineyard RESIDENCES ” with a “WINE BARN / F&B Deli concept”. Khao Yai is Pure Clean Living, The development is located in ASOKE valley only 150klms from central Bangkok and is the perfect place to relax, chill, enjoy a weekend break away from the city, and enjoy the best of the cool season. The Condominium units are Completed and ready to move in IMMEDIATELY Amenities include a rooftop pool, tennis court, extensive gardens and a fully equipped gym and sauna. Only 30 minutes past Saraburi town within the scenic foothills leading to the Khao Yai National Park, nestled in the Asoke Valley, famous for its yellow blossoms and natural landscape. Enjoying 270-degree views over this beautiful valley area where Gran Monte vineyards and the NATIONAL PARK meet, these breathtaking natural surroundings and clean pure air have inspired this project “Pure Air”. SEASONS Not just hot, hotter, Oh My god and Rain, Khao Yai has a cool season, mists, low clouds, dew on the grass, and falling leaves. Despite saying it's only great in the winter months Khao Yai is great in the spring, great in the hot season, and really great in the rainy season, when clouds and storm fronts create dramatic skies and colour. GOLF Khao Yai is on average +225m above sea level and the golf ball flies further…don’t tell anyone but you can actually hit the ball the yards you claim in Khao Yai and the courses are fantastic. Within 30klms are KHAO YAI GOLF CLUB, (Jack Nicklaus design) RANCHO CHARNVEE, Sir JAMES LODGE, and MOUNTAIN CREEK, (Seve Ballesteros Design) which is 55kms away… Kiri Miya and Bonanza are both within 30 kms so getting a Tee time is never an issue. NATIONAL PARK / Facts & Figures - UNESCO World Heritage site since 2005 / Thailand's first National Park / World's 7th best ozone source Attractions (10 Golf Courses, 5 Vineyards, Khao Yai ART Museum, Dairy Farms / Gardens / Adventure parks, etc...) CYCLING Pransuk Road is a wonderful route for both road and mountain biking. The rolling terrain is a perfect warm-up for the National Park climb or just the right length for an easy loop before a dip in our rooftop pool. It is part of the annual ChogChai farm Cycling route and event in December, and quite the bike fest on any given Sunday. There is talk of a dedicated cycling lane on this road as well. CULTURE For the more mature or sedentary, KHAO YAI ART MUSEUM in Moosee is a beautiful parkland setting of 20 Rai and sculpture, exhibition galleries and the Art cafe…Owned by a private collector there is a great variety of modern Thai and regional Art and something for all opinions! The BLOOM is a unique experience with both fresh and dried flowers and beautiful manicured gardens and walks. For colour, scents and country garden setting it’s a unique experience. VINE Asoke Valley has the right mix of soil, temperature, and rainfall to support the new latitude wine movement. PB VALLEY is within 5 km and has a wonderful setting and traditional restaurant and menu to complement their wines. GRAN MONTE is slightly farther at 9 klms and has a more modern Californian feel, the restaurant and store sit within the vineries and have a menu that is both light and well matched to their wines and setting. Amenities

• Roof Top Garden w/ Relaxation Lounge Area and Sundeck
• 20m Infinity Edge Lap Pool -1.25m deep
• In Pool seating and Jacuzzi Jets
• Separate Children's Pool
• Fully Equipped Fitness Room
• Sauna
• Tennis court and training wall

• Covered Car Drop Off
• 24 Hour Security / CCTV
• Access Control Card System
• Roof Top Solar Panels
• (covering all common area power demands)
• Laundry / HSKP Service available
• On-Site Management Office
• Car /Bike Parking

Included in the sale are 14 Condominium units = (one-bedroom units avg. 82 sqm / two-bedroom units  avg. 123 sqm / three-bedroom unit 143 sqm) Proposed investment price THB 91.5M  

 PHASE ONE – Buy-out of remaining 14 condo/residence units from a total of 27 completed to-date units

 

THB 89.1 M -  Bulk sale of remaining 14 condo units ( total 1639 sqm ) – a combination of 1,2 & 3 bedrooms

THB 0.82 M – One-off Sinking Fund for the 14 condo units  ( THB 500 /sqm )

THB 1.48 M - Yearly Common Area Fees ( THB 75 /sqm/month) for the 14 condo/residence units

 

Total Phase One: THB 91.5 M

 

-) All taxes/transfer fees will be split 50/50 between the buyer and seller

 

 

-) PHASE TWO - ADJACENT LAND OPTION PURCHASE  for branded Boutique HOTEL development  – Wellness / F&B WINE BARN – BISTRO DELI concept while supporting condo units as serviced “residences”

 

PHASE 2 :

 

-) THB 18 M - for 3 RAI vacant/adjacent where the investor could develop a small hotel or more condos & a WINE BARN / DELI BISTRO ( as attached renderings )  

-) THB 105 M - 3^rd BUILDING  / HOTEL - the gross area is around 3,000 sqm at estimated building cost based on THB. 35,000 / sqm - attached concept drawing of 3^rd building  

-) THB 15 M - WINE BARN  /BISTRO DELI  turn-key concept with organic garden ( servicing HOTEL  / RESIDENCES / local community - around 60 plus seats w/ Deli area: total 370 sqm )

-) WELLNESS CENTER  ( attached only a concept idea/costs tbc depending on final design concept )

Total Phase Two: THB 148 M ( including project contingency )

  Click for floor plans and building drawings