he property is a fully established bungalow business on the north shore of Koh Phangan in Chalok Lam Bay. Positioned with its own private beach, swimming pool, restaurant and twenty five bungalows that have either recently been built or renovated. The business offers an excellent investment – whether for purchase or for rent. Included within the seven and three quarter Rai property are also staff accommodation and landscaped grounds with plenty of room for expansion. The river that runs past the resort offers mooring for a boat and creates privacy for the guests. In the background the stunning Chalok Lam Bay mountains frame the property and add drama and effect. Rental Possibilities • 10 year contract with five years free (a total of fifteen years). • Option to renew for a further 15 years. • Non refundable deposit of 13,905,000 Baht (13 Million nine hundred and five thousand Baht). • 10 yearly payments of 3,244,500 Baht (3 Million two hundred and forty four thousand Baht. • Refundable 3 Million Baht deposit at the end of ten years to cover the next five years. • Renter can build more bungalows and buildings – must have an agreement with the owner (the owner is a builder and can also provide architect etc) • The land area is 7.75 Rai and there are 25 existing Bungalows and 1 large restaurant with large kitchen plus various motor bike parks etc. Over fifteen years each bungalow must average 10,300 Baht income per month to break even. At today’s price that is 4 or 5 nights rental each month. At the prices in five or ten years this will be 2 or 3 nights rental per bungalow. Title Deed - Chanote Distances - (Approximate) To the sea - 0 Metres To the nearest village - 1 Kilometre To Thong Sala - 12 Kilometres Located Near Route - B Situated - Coastal Aspect - North View - Ocean view Geography - Flat / Gently Sloping Terrain - Grass or Soil / Trees Utilities and Access Electricity - Yes Water - Yes Telephone & Internet - Yes Public Sewage - Yes Access to road - Public Road Neighbours - North - Sea East - Fields / Empty South - Shop West - Bungalows Rental Possibilities - YES Cost of Rent per Year - 3,244,000 Baht (please see above for exact details) Deposit Needed - 13,905,0000 Baht (non refundable) Able to Build - YES