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Property Details of each unit: 3 Bedrooms, 3 Bathrooms, Car Parking, Air-conditioned bedrooms, BBQ area
Property Facility: Swimming Communal Pool, Garden.
Villa Size: 6m wide x 12m long (nice width).
All 4 Units are currently under long-term rental contracts, Current monthly rental income for all 4 units is 280,000THB/month of immediate income for the new owners. Current structures only occupy 30% of the available land included with this plot, so there is ample room to grow and create additional revenues.
There is nearly 2000 SQM of available space left on the plot.The property was built in 2019 and fully renovated in Jan, 2022. 1 plot is chanote, second plot is Nor Sor 3 deed.
All 4 villas will be sold in a single transaction. Sizes of villas range from 120 - 170 SQM on a total land area of around 2668 SQM (1 Rai 2 Ngan 67 SQW).
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 Kata Hill View Villas 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.
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