**Investment: Purchase of 32,500 sq.m of land with sea views in Rawai, South Phuket, just 100 meters from Rawai Beach.** The facility consists of 35 land rights *chanote* and has a permit for the construction of villas, condominiums and hotels. up to 16 meters in height.
The plot is located next to the Rawai Palm Beach Resort and just 200 meters from the successful Title project with more than 300 condominiums.
Rawai is an actively developing area.
**Price: 8,800 000 USD** *(290 million baht)* represents a significant discount from the market value.
**Additional benefits:**
The plot is equipped with all the infrastructure: 4 large villas, a sales office, paths, sidewalks, fences, underground electrical wiring, sewerage and year-round water supply - the cost of about 70 million baht included in the sale price.
**Development opportunities:**
This site is suitable for a 4-year development program, including 5-storey condominiums and 1-3-level villas - all on relatively flat terrain, which facilitates construction.
**Harvest:**
The estimated cost after the development of this site (with mixed condominium/villa development) is estimated at 50 million baht/rai, which is 1.015 million baht for 20.3 rai. – The target profit for 4 years is 725 million baht (22 million US dollars) (the price of built—up land is 1.015 million baht minus the cost of 290 million baht).
**Description of the lot:**
The area of 32,500 sq.m is part of a larger plot of 50,000 sq.m. The remaining 17,500 sq. m . They will also be built up with mixed luxury condominiums and villas priced from $300,000 to $3,000,000.
**Building permits:**
The total area of 50,000 sq.m. has an EIR (Environmental Impact Assessment) approval issued more than 10 years ago for the villas. Before completing the purchase, the buyer will be able to verify that the existing EIA will be canceled and two new EIA permits can be requested for plots of 32,500 square meters and 17,500 square meters.