In the picturesque setting of Phuket's West Coast, a real estate opportunity emerges as a beacon for investors seeking value amidst economic downturns. A spacious apartment near Kamala beach is on the market for an attractive price, presenting a compelling case for those looking to secure property in this tropical paradise for under $125,000. This deal not only offers a significant discount but also includes a full set of furnishings, making it a turnkey investment with a proven rental yield track record.
The apartment in question boasts a generous 115 square meters of living space, featuring an open-plan living room with a large, fully-equipped kitchen, and three en-suite bedrooms. The ground-floor location adds to its appeal, as rental agencies confirm that such units are often in high demand.
Situated just a short 2.2km drive from the sandy shores of Kamala Beach, the property offers easy access to the local town and a variety of dining options. The area is known for its tranquil atmosphere, providing a serene escape from the hustle and bustle of more crowded tourist spots.
Encircled by untouched rainforest, the complex comprises 45 apartments spread across seven buildings, all nestled within beautifully landscaped gardens. Residents and guests can enjoy a selection of four swimming pools, including two lap pools and a dedicated children's pool. The development is maintained by a reputable international management company, ensuring the common areas, pools, gardens, and security are all kept to high standards.
When it comes to investment potential, the numbers speak for themselves. A local property management firm, overseeing 22 of the 45 apartments, reports an average annual rental yield of 300,000 Baht (approximately $9,600 USD as of 2023, according to XE Currency Converter). This translates to a net yield of about 7.69% after taxes and fees, which is quite competitive in today's market. The ground-floor units, like the one on offer, typically command higher returns due to their popularity.
The apartment is available on a leasehold basis with 24 years remaining, followed by the option for two additional 30-year extensions, totaling 84 years of potential ownership.
The annual maintenance fee for the common areas is set at 110,000 Baht (around $3,563 USD), covering garden upkeep, pool maintenance, lighting, and security. Monthly electricity and water bills are notably low, averaging 1,500 Baht ($49 USD) and 200 Baht ($6.50 USD) respectively.
For those interested in this Phuket property, further details and documentation, including the last four years of accounts, are available upon request. This ensures transparency and allows potential buyers to conduct their due diligence with confidence.
While the Phuket real estate market is often associated with luxury villas and high-end resorts, there are hidden gems that offer significant value for budget-conscious investors. According to Knight Frank Thailand, the island's property market has shown resilience, with a steady demand for mid-range properties, especially those priced below $150,000. This segment of the market often goes unnoticed but can provide attractive rental yields and long-term appreciation potential.
In conclusion, the Kamala apartment represents a unique opportunity to own a piece of Phuket's paradise at a recession-friendly price. With its proven rental income, low running costs, and desirable location, it stands out as a smart investment for those looking to enter the property market in Thailand.
Phuket's Commitment to Marine Conservation: The Annual Sea Turtle Release
Phuket, Thailand, is not only a tropical paradise for tourists but also a haven for marine life conservation. The 18th Annual Sea Turtle Release Ceremony, a testament to the island's dedication to preserving its natural inhabitants, recently took place on the sandy shores of Bangtao Beach. This event, which has become a cherished tradition, saw over 100 young sea turtles from various species, including Green, Olive Ridley, and Hawksbill, being returned to their oceanic home.
The Feng Shui Philosophy Behind Phuket's Vista del Mar Residences
Discover how the ancient Chinese practice of feng shui is being applied to modern living at Vista del Mar in Phuket, Thailand. With claims of promoting health, wealth, and happiness, this development is attracting attention for its unique approach to design and architecture. But is there more to it than just superstition? Let's delve into the specifics and see how feng shui principles are shaping the way people live in this tropical paradise.
Navigate the Seas in Ultimate Luxury: Project Utopia, the Mobile Private Island
Imagine a private island that not only offers the pinnacle of luxury and exclusivity but also the freedom to traverse the globe's waters at your whim. Project Utopia, a visionary concept in maritime design, promises just that—a man-made floating island that redefines the boundaries between yacht and private isle. This marvel of engineering, resembling a futuristic movie set, is poised to deliver an unparalleled experience on the high seas.
