PARK LANE JOMTIEN RESORT

ID #commercial14

Property details

CategoryInvestment Units/Apartments
Annual outgoings
$500,- pa
Further Options
Investment rental for holiday or long term purposes
Zoning
Residential/Holiday sq m
New Build
Yes
Gross Yield
12% estimated
Floor Area
36 sq.m.
Number of Bedrooms
1
Number of Bathrooms
1
Annual Rates
One time $600,- for sinking funds
Annual Body Corp
Approx. $500,-
Location105 Soi Watboon Road
Jomtien
Pattaya
For saleStart from $43.000,-



Why Park Lane Jomtien Resort?

• The project is available to clients at an average of 25% below current market value
• Rental yields are expected to be in the region of 12%
• Park Lane Jomtien Resort project is located 147km from the new US$4 billion Bangkok International Airport, now the largest airport in South East Asia, and capable of handling 45 million passengers per year
• Pattaya has a year round holiday season, being a key retreat during the south-westerly monsoon, between May and October
• The developer has a commitment to clients to pro-actively sell the condominiums of the Park Lane Jomtien Resort project upon completion
• Inherent attractiveness for both the resale and rental market, due to the inspirational design of the Park Lane Jomtien Resort project
• Situated within 5 minutes to beautiful beaches, restaurants, shopping and nightlife.

The Park Lane Jomtien Resort project is being offered to clients at an average of 25% below current market value, so owners benefit from an inherent profit from the moment they buy. If a conservative average capital growth of 15% for the next 5 years is presumed, investors stand to earn a substantial 170% return on investment.

The Project:

The concept and planning that went into Park Lane Jomtien Resort was the result of extensive market research within Pattaya and Jomtien areas. The intention of the research was to find out what people really needed and wanted when looking for an apartment in Thailand. Park Lane resort is the result of the vision and dream requirements of the buyer rather than the developer and inclues all of the prerequisite needs and wants of you, the customer. (Possibly the first time this has been accomplished in Thailand). Park Lane consists of 4 ultra modern, separate buildings, surrounding a fantastic 1600 sq/m swimming pool with a central island that has a restaurant/pub as a focal point.

The Complex and Facilities:

• 1600 sqm. lagoon swimming pool
• Gymnasium
• Restaurant
• Bar
• Laundry
• Shuttle bus
• 24 hour reception
• Car parking
• 24 hour on site security guards
• Elevator each building
• Water storage system
• Telephone socket
• TV outlet
• Internet outlet

The Apartments:

At Park Lane Jomtien Resort the requirements of you, the customer, are the primary factor in the design of the apartments. All units come fully furnished and air conditioned. The kitchens are complete with an electric hob, fridge, sink, fitted cupboards and work surfaces. The living room has a 2 seat dining table, a comfortable sofa and television with stand connected to a cable t.v. The bedroom has a double bed and built in wardrobes. The bathroom is tiled and has a shower cubicle and all sanitary fittings.

One bedroom apartments comprise of a bedroom with complete en-suite bathroom, living/dining area, balcony, fitted European kitchen, tiling and recessed lighted ceilings, plus all standard features listed above. They are 36 square meters and include concealed air conditioning.

Two bedroom apartments are 2 units together totalling 72 square meters comprising 2 bedrooms with complete en-suite bathrooms, living/dining area, 2 balconies, fitted European kitchen, tiling and recessed lighted ceilings, plus all standard features listed above.

General Specifications:

• Structure: Driven pile, groundwork, reinforced concrete column, shear walls and floor slab.
• Floor: Ceramic floor tiles 30 x 30 cms.
• Wall: Plastered masonry walls with paint finish.
• Ceiling: Gypsum board with paint finish.
• Door: Hard wood.
• Balcony Door: Aluminium, laminated safety glass.
• Window: Aluminium, laminated safety glass.
• Bathrooms: Sanitary fixtures and fittings, American Standard or equivalent.

Furniture:

• Air conditioning
• Fitted kitchen
• Sofa
• Dining table and chairs
• Concealed water heater
• Bed
• Wardrobe
• Sanitary fittings and fixtures

Increasing Value:

Backed by a thriving economy and populace brimming with retirees, tourists and expatriates and prosperous businessmen, Pattaya is fast turning the heads of savvy investors looking for handsome returns in a beach destination.
Pattaya continues to attract astute property investors, who believe today’s market conditions offer the opportunity to lock into excellent future returns, either from rental income or through capital growth. Condominiums are popular amongst international investors as they are more affordable and the only type of property in Thailand that a foreigner can own 100% freehold. Security and maintenance issue are handled by common area management, adding to the confidence in a holiday home investment.
Most foreign property buyers are British, American, Australian and Swedish, a line up that has not changed in recent years and remains a strong base for alien ownership.
Russia recently entered the top five buying nations to demonstrate the emergence of Eastern European investors. Increased interest from China and South Korea is due to the easing of restrictions on fund transfers.
Germans, French and Scandinavians are also important buyers and reflect the increasing trend for Europeans to purchase second homes outside traditional European resort destinations. Many have either relocated to Pattaya, spend the European winter there or live in regional business centres such as Singapore, Hong Kong and Shanghai.
All specifications, finishing and installations are stringently set to meet with the quality stands that are in congruence with European standards.

Location:

The location of the project is just off the main road of Soi Watboon, Jomtien.
Jomtien is already extremely popular with Foreign and Thai nationals alike.
From the start of Jomtien Beach, Soi Watboon is the next main road that connects the Jomtien Beach road to the main Sukhumvit road. This road is situated at the end of the existing strip of already established hotels and restaurants etc along the Jomtien Beach from the main end.
Tesco and the new Carrefoure supermarkets are around the corner, 5 and 10 minutes away.
The new Jomtien 2nd road, already well under construction, will also pass nearby, allowing a direct route into Pattaya by bypassing the beach road.
The beach is 800m away, and the resort plans to have some kind of shuttle service for the tenants.
The complex itself will consist of 4 buildings, each of 8 floors, totaling approx 600 units.
There will be a luxurious lagoon communal swimming pool with luscious garden pools and tropical gardens all around.
There will be Hotel-style Lobby Areas, Professional Management Offices, a Gym, Café, Pub/Restaurant, Laundry, Internet, Mini-marts, literally everything a resort would ever need. This project of course offers great potential for investment as holiday rental properties.
Each unit is 36m² with the living area cleverly designed to optimize the space.
There are options of studio, 1 bed, and 2 beds options for the apartments.
The sales price includes ALL fixtures and furniture!! Amazing Value!!
Buildings 1, 2 & 3 are fully erect with the interior work now being completed. Move in dates for these will be begin 2010. Building 4 is under construction too and is due to finish the end of 2010, with Building 4 and thus the whole complex fully completed late 2010.
Reservation of the properties is just 50,000 baht per unit.
The payment plan is 25% down with the remainder spread evenly over the course of the construction.
In Building 4 we are currently offering a 24 month payment plan!
Apartments can be bought in 100% freehold foreign ownership or Thai name (company)

Consultant details

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