Land for sale in Patong, Phuket

Unique Hillside Property, overlooking Patong City and the Bay, facing and sloping to the West. Patong, probably Thailand's most popular beach and party town. Situated on the very south side of the beach straight up on the hillside, we have this property up for sale. A short, 10 min walk to the beach and nightlife, shopping etc. Less than 1 hour drive to the Phuket International Airport. Perfect estate to build a brand new modern Hotel, Condominium or a couple of luxury Pool-Villas. On the plot there are four existing, older buildings. Going in on the small private road, after the empty land plot there is a villa. Next building is a very nice three story pool villa, with a rooftop bedroom and balcony overlooking Patong bay and skyline. The two last houses on the right side, are built for rental use and comprise many rental apartments.
All buildings can be used for living, no guarantees are given on the buildings due to age. The big tree on the Photo belongs to the property and need to be pruned to get an even better view. The roads going up the hill are in good condition, making life easier for a big building project and its transports. The buyer is responsible to get a due diligence done at their own cost. To check the servitude on the private road, companies, water and electricity etc. According to the owner, it is possible to build a five story tall building, again it’s the buyer's responsibility to check rules and regulations as things change.. There is City water, electricity and also a private water well. The property is owned by 3 Thai Company LTD with the same director, the companies can be taken over with the new buyer. The Estate is sold Debt free in viewing condition only. If you are interested in purchasing this estate, you need to be prepared to give information about how you can complete the purchase.