*SOLD* Exceptional opportunity : OWN YOUR ISLAND ! – North West Coast, Koh Chang

This property has been sold !

Dreaming of buying your own island ? It’s possible ! Koh Man Nai island is for sale !

Of the fifty two islands surrounding Koh Chang, only three are private with correct land title registered at the government land office, only one is for sale.

This beautiful island lies conveniently only 800 meters from the desirable south west coast of Koh Chang and as such is accessible throughout the year. It is protected by high cliffs at the rear, with a long palm fringed, white sand beach on the east side.

The total size extends to 18 Rai of which a little over 4 Rai has private title, the other ones being National Park, in other words a beautiful garden with outstanding features. The same planning regulations apply to the island as those on Koh Chang, the main factor being that no structure over 12 meters in height (4 storeys) can be built, but otherwise the land offers a lot of flexibility, allowing for a resort, condominiums or simply a stunning private housing development project.

The island has a cliff running along the west side (providing protection during rainy season), on the east side a white sand beach runs into a small cove discreetly concealed by mangroves. There are various large and smaller rocky outcrops and a small cave. There is easy access from the east to west side of the island, for full enjoyment of the spectacular local sunsets and sunrises. The land for sale is on the white sand beach side.

Infrastructures
Electricity can be provided through eco-friendly means, solar/hydro with a back-up generator. Or main electricity supply from Koh Chang with installation and approval from the local authority. The island has its own water and the shipping of construction materials is relatively easy.

The current owners
The current owners purchased the land 18 years ago and the title is held in a Thai company name, giving a prospective purchaser the opportunity to either purchase the land as such or purchase the company which has never traded, has no debt and can provide up to date accounts.
This is a rare opportunity to purchase one of the most desirable plots of land in the Koh Chang archipelago at a realistic market value.

Tittle deed
In this case the land tittle deed is a Nor Sor 3 Gor, which is the strongest tittle deed in Thailand after Chanote. This type of land may be sold, transferred, or mortgaged, the same as a Chanotte. The owner of the land may file a petition to the Land Department demanding to change it to a full Title Deed (Chanote), and the Land Department may do so if there is no opposition made against the petition.
As a foreigner buying land in Thailand, you should only consider land that comes with a Chanote, Nor Sor 3 or Nor Sor 3 Gor. These can be sold, leased and used as mortgage collateral and are the only titles over which a registerable right of ownership or lease can exist. More importantly, you cannot apply for or obtain approval to build on such land without one of the aforementioned titles. In any event, make sure you have a good lawyer look over the paperwork before you commit to anything.
Buying Procedure
The procedure for buy this project is the same as buying any other land for a foreigner. The most common option is to set up your own Thai Limited Company to own the land on your behalf, and you will have 100% of decision power on this. It’s perfectly legal and all the lawyers know very well the procedure. For the buyer it’s very easy, as all the needed paperwork are done by lawyers. With the same company, you will be able to buy the land, build, open and operate a resort on this land and to run it, as all other resorts on the island and in Thailand, it’s a very common and easy procedure.

The current owner of the land is a foreigner, who has a lot of businesses in the island. He will be able to discuss about the procedure.

Possible projects on this land
All kind of commercial projects are possible and legal on this land, as on all other lands with proper tittle deeds in Thailand. A resort for exemple : 6400m² is enough for a HUGE resort, you can think about 50+ bungalows. Housing development project is another possibility : buy the whole land, then split the land in large plots, build villas on them, rent or sell them back to private investors or to tourists looking for a piece of paradise for their old days, etc.

Features

• Private island
• Strong tittle deed : Nor Sor Sam. Upgradable to Chanote.
• 4 rais can be legally built and exploited.
• The rest of the island is National Park : you will NEVER have neighbors.
• Tropical Paradise.
• Private white sand beach.
• Suitable for all kind of commercial project : housing development project, resort, bungalows, or even some private luxury villas.
• Amazing investment : the price of this land will increase in the coming decades.
• ONE OF A KIND land.
• There is no other island for sale in the Koh Chang archipelago.
• Price on demand.