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Land: 510 sqm; large corner plot inside the development
Villa: 320 sqm built-up, with 3 bedrooms / 3 bathrooms; master bathroom with bath tub and outdoor shower
Pool: 3.5 m x 10 m tiled in Bali stone with custom waterfall feature, bench and adjacent pool sala
Pool terrace: extended with sunken seating and fully tiled
Garden: Beautifully landscaped, surrounding the villa
Parking: 2 cars with remote-controlled gate
Many extras in addition to Botanica standard:
Pool sala with fan
Pool in Bali stone with waterfall feature and bench seating
Extended pool terrace
Pool area completely tiled (instead of sandwash)
Master bathroom with outdoor shower
Kitchen in special colour warm grey and with electric hob (instead of gas)
In-ceiling WiFi transmitters
Preparation for indoor/outdoor sound system
Extended 2 car parking
Ownership: Land freehold (in company with Thai investors, already vetted and approved by Thalang land office), building in personal name. Asset or share deal. Temporary lease arrangement for land possible. This is one of only 8 freehold plots in the ML II development, and currently the only one in the market.
Special price for quick sale: 26.7m THB (Memo: This is normally the Botanica off-plan asking price without furniture)
This villa has excellent rental potential around 180-200k THB/month for a 12 month lease
Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand in their own name. The options for a foreigner to make use of the land are via a long-term lease or by investing in a Thai company that owns the land.
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The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
After you have found the right property at Botanica Modern Loft II you have to follow these steps:
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.