ABPA.
A’s Beach Place Apartments. Koh Phangan. Thailand.
Building Specifications.:
- Each unit has one bedroom with beach view,
- toilet, shower, make-up counter, built-in closets
- lounge room with beach view, multimedia corner,
- computer desk with high speed internet connection
- breakfast corner,
- units are sold fully furnished
Conditions and Terms.
- Price per unit is five million baht.
- Units are sold as a thirty-year lease.
- Lease is renewable for thirty years again for an additional
payment equal to the initial payment of five million baht payable
upon completion of first thirty years.
- Lease may be bought, sold and transferred by apartment owners
without approval of ABPA.
- Once sold, the apartment owner (buyer of unit) may rent or lease
unit without any encumbrances from ABPA.
- The developer, A’s Beach Place Apartments (referred to as
ABPA) intends to offer a leasing service to apartment owners with
a revenue sharing system. ABPA will provide cleaning and
maintenance services to apartment owners who make leasing service
agreements with ABPA.
- Leasing agreements will offer owners up to sixty per cent of
fees received for rent. Leasing on a daily basis with full hotel
standard service will offer the owner a forty per cent revenue
sharing agreement.
- Current daily room rent estimate for furnished units is 2500
baht up to 4500 baht for peak season.
- ABPA estimates that owners will receive a yearly return of
180,000 beginning on the first year of ownership. By the fifth
year of operations we expect to return 360,000 per year to lease
agreement partners.
- Apartment owners will be responsible to pay for upkeep and
maintenance of the building and land as well as property taxes on a yearly basis.
These costs will be based upon dimensions of apartment with respect to
all tenants in project.
- Finance of the purchase of a unit in ABPA requires a deposit of
ten percent of the purchase price to be paid upon contract
signing. Sixty days from date of deposit, a payment of 250,000
baht to be paid in 18 monthly installments.
Payment Schedule.
Contract Signing Deposit - 500,000 baht.
Sixty days from deposit date begin 18 monthly payments –
250,000 baht.
Full payment within sixty days of deposit qualifies for 3
percent discount
Financial outlook estimate for ABPA.
- We plan to distinguish ourselves from the various real
estate investments offered in Thailand.
- Our goal is to present to the
buyer a legitimate investment with monthly returns.
- We aim to produce an investment in real estate with appreciation in direct
relation to island property appreciation.
- Our format of long lease with opportunity to extend lease is
designed to offer an investor a legal means to sell their
investment with the buyer fully protected in the long term.
- ABPA will do it’s utmost to promote appreciation in unit
price as well as provide a medium to receive rental income to our
buyers.
- This investment is designed to cater to the needs of the
foreign investor interested in Thai property.