Condominium for Sales

Description

Andaman Riviera by Radisson Individuals is a condo hotel managed by the world famous Radisson hotel group, which opens next year. Infrastructure in the building for comfortable stay. A good opportunity to enter into an almost finished project and start making a profit from rental. Completion date: Q1 2024.

Investment: Estimated rental income is $15,000 per year with a calm scenario and 67% occupancy. We expect 80% occupancy in the next seasons, so the income will be higher. Annual rental income on investment is 8.8%. For Payback, it takes 5.5 years, taking into account the increase in value by the end of delivery, capitalization of 4.9% per year and rental yield.

Transportation: Bangtao beach is within walking distance (500meters) and the Laguna area with its shopping and dining options (2.5km). It is also conveniently located 22 km from the airport and 21 km from Central, a major department store, about a 30-minute drive.

Facilities: As a Radisson Group-affiliated residence, the hotel offers a high level of hospitality services, including reception services.