Golf course for sale in Thailand
This is a great real estate investment opportunity in Thailand for high net investors. This 5 star golf course for sale in Thailand is located in the outskirts of Bangkok 80KM from the international airport. It is also minutes away from one of the famous Royal Palaces outside Bangkok City.
The newest “JEWEL” of Championship Golf in Thailand, this course was Built by Schmidt- Curley Inc., a 5 year consecutively award winning golf course company. He has yet again created another 5 star masterpiece on 670 rai of Private Nature Reserve. Located only 45 minutes to the north of downtown Bangkok, just off the Chaeng Wattana Expressway.
Information about this brand new golf course for sale in Thailand
- Asking Price: 1.35 Billion Thai Baht
- Pure Land Value without improvements: 2.68 billion baht
- Size of Land: 670 Rai
- Number go holes: 18 holes
- Improvements: Stunning clubhouse, Championship golf course design, 2 vacant islands that can be developed in to hotel, villas/condos & a golf academy
Price of land per Rai: 2,014,925 Thai Baht (including 5 star golf course & stunning clubhouse)
Average price of vacant land per Rai in area: 6,114,283 Thai Baht (without any improvements)
Recommendations: There is an extensive 70 page report done on this course with management & running guidelines for making it one of the premier golf courses in Thailand.
Further improvement opportunities: The 2 vacant islands can be developed in to hotel, villas/condos & a golf academy
Capital gain on Investment: From our independent research about land values in the area we believe that this course should double its real estate value with in the next 5 years. We have done an extensive search for lands for sale in and around this area. We have come to a professional non bias conclusion that is purely based on comparable vacant land sales in the area which is outlined below:
- Average price per 1 Rai in the area: 6,114,283 baht
- Taking in to consideration that “the higher the number of Rai’s for sale in any one block the cheaper the offered price per Rai will be”. Therefor we have priced the land at a very conservative 4,000,000 Thai Baht per Rai which is lower than the lowest price per rai in the area. These prices are off course for vacant blocks of land with out any improvements. This land has a brand new 5 Star 18 hole Championship golf course + a stunning club house.
- Pure land value of 670 Rai without taking into account the golf course: 2.68 billion baht
- Asking Price: Only 1.35 Billion Thai Baht
Follow the link if you play golf and want to know where the best golf courses in Thailand are.