A superb Residential Development Located on a private white sand beach on the beautiful island of Koh Chang. The development is located close to the Bang Bao fisherman village on the island Koh Chang near Trat South East in Thailand. Tranquility Bay Residence is an exclusive residential development comprising one and two bedroom luxury apartments - all with sea views - and a select number of pool villas with private pools, all nestled amongst coconut palms and with stunning views to the islands south of Koh Chang. - 230 metres of private white sand beach
- Koh Chang is still well over a decade behind its better known counterparts in terms of the level of development. Land prices on the island have increased considerably over the past few years, estimated to be between 300% to 400%
- Only a 40 min flight from Bangkok with three daily flights
- Close to some of the best dive and snorkel sites in Thailand
- Home to several 5 star hotels and spas
- 18 hole golf course planned next door
- Private airport and International Hospital on the island
- Stunning vistas of 51 outlying islands
- Unlimited number of days owners can use of their unit if renting the property
Estimated rental income of 6-10% p.a. Tenure: 90 year leasehold (3 X 30 years) or available freehold
THE RESORT Tranquility Bay will feature a 150 metre pier into water deep enough for yacht moorings, a rarity on Koh Chang. A speedboat from the mainland direct to this pier will take approximately 35 minutes. - Spa, professionally managed
- 30 metre infinity edge swimming pool
- Clubhouse
- Gym
- Beachfront Restaurant and bar
- BBQ areas
- Library
- Internet room
- 24 hour security
- Housekeeping and baby sitting service
- Fully-furnished properties including fully fitted kitchen, 32" LCD TV
THE PROPERTIES The land slopes from the main road down to the beach and Tranquility Bay Residence has been designed to ensure that all units have sea views. In total, there will be 74 apartments and 10 villas. Fixtures and fittings include basically everything you need: dishwasher, ceramic electric hobs, fridge/freezer, microwave, Samsung 32" LCD TV, DVD and furniture - beds, sofa, dining tables, balcony furniture etc. Apartments: Three floor apartment units are at the rear of the land are home to 1 and 2 bedroom units. Moving down the hillside, there will be six single storey units housing the 2 duplex bedroom apartments. Villas; A stone's throw of the beach are five large beach villas each with a private pool. Each villa is set directly on the beachfront amongst lush gardens and takes full advantage of its prime location, with stunning views to the islands and beyond, whilst providing total privacy and luxury. There are five other villas, set slightly set back from beach but within garden area and seaview. PAYMENT PLAN Initial payment of THB100,000 to reserve a unit 40% (less THB 100,00) on Contact Signing - typically within 2-4 weeks of reserving the unit 40% within 90 days after the payment of the First Payment, or the completion of the roof, whichever occurs first 10% upon the completion of the construction 10% on registration at the government Land Office (within a month of the condo unit being fully completed.) Rental Market For people who are looking for beachfront holiday accommodation away from package tour resorts, there is very little to choose from on Koh Chang. Rental units at Tranquility Bay would therefore be at the top of the list for independent travellers looking for the exclusive blend of beachfront luxury, privacy and amenities. By the time the first Phase is completed and people are living in the apartments a property management service will be in place with a General Manager overseeing operations, including property rentals. Owners have the opportunity to rent out their homes through the rental pool and reap rental returns on their investment, expected to be approximately 6% in the first year to 10% in the third year. The rental yield out-performs other popular second home markets such as Bulgaria and Turkey thanks to a year-round season, not just a few busy summer months. The management company retains 30-35 % of the rental revenue. |
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