Koh Samui Villas

Cool Blue

Adrian McCarroll is the founder of Original Vision, one of Asia"s most vibrant firms of leisure architects. Over the past decade, they have been pioneering new concepts in tropical architecture with their goal to create environments that are breathtaking and inspirational and above all surroundings where people love to be. Cool Blue is unashamedly contemporary, open and bright with high ceilings in a dynamic spatial composition. The 41 villas are carefully positioned on the site to ensure unobstructed sea views from every room. Internally, the marriage of light and space is specifically tropical. In the living areas, light filters through oversized louvers with the indoor to outdoor experience being enhanced by doors that open fully onto deep covered terraces.

At the lower level, spacious twin master bedrooms, each with elegantly appointed en-suite bathrooms, have their own generous private terrace with horizon edge swimming pool. Dense tropical landscaping surrounds each villa further enhancing the feeling of privacy and being at one with nature. Secure your piece of paradise by owning a holiday villa in the sparkling jewel of Asia that is Thailand.

Thailand"s legendary hospitality welcomes in over nine million tourists a year which is set to increase with the recent new airport in Bangkok. It"s location in the heart of Asia is a convenient stepping stone for exploring the rest of the mystical Far East, with the future powerhouses of the world, China and India, within easy reach. The proven popularity of this tropical country ensures that Cool Blue will have great rental yields and capital growth to guarantee that your investment soars. Thailand benefits from a warm tropical climate, with an average temperature of 28 degrees Celsius almost all year around.

Koh Samui is an idyllic holiday island in the Gulf of Thailand. It has long attracted visitors to its sandy shores due to its many attractions. Voted as the 2nd best island in the World to live.

From exploring the exotic Buddhist temples and the golden Big Budda statue, to elephant trekking in the jungle, haggling for goods at the local markets, getting your adrenalin pumping with sports, marveling at the waterfalls, letting the relaxing effects of a Thai massage sooth you or simply chilling out on the beach, Koh Samui has it all.

It has recently benefited from increasing facilities such as a shopping centre with superstore, shops, restaurants and a cinema, while still retaining its unique island charm. In addition to this, the islands of Koh Phangan and Koh Tao are only a short boat ride away. Koh Phangan is famous for its monthly full moon parties where people gather from around the world to dance the night away on the beach under the stars. Koh Tao is an enchanting island surrounded by international recognized premier diving sites.

This magical island can be easily reached by direct flights from Bangkok, Malaysia, Singapore and Hong Kong.

Situated in Choeng Mon, the most exclusive neighborhood of Koh Samui, nestled on a hill side over the dazzling sea of the Gulf of Thailand, lies this contemporary development. A vast stretch of quiet, white sandy beach, lined with tropical coconut trees with gentle waves lapping at its shore awaits you only minutes away. There are a variety of bespoke bars and restaurants in Choeng Mon and the buzzing excitement of Chaweng with its vast array of restaurants, bars, shops and markets is under a ten minute drive away. Also located within a short drive, is the charming seaside village of Bophut with its numerous boutique shops and restaurants. The desirability of this area and the ease of nearby facilities, such as the airport in Bang Rak, make it easy to see why the majority of five star hotels and Cool Blue chose this area for their location.

Specifications

Cool Blue Living

• 234 sqm of indoor/outdoor lifestyle space.

Roof

• Hand-split cedar shakes to all villa roofs.

Floors

• 600x600mm homogenous stone effect tile to all internal areas.
• High quality non-slip sand wash to lower terraces, external stairs, and pathways.
• 100x25mm external grade timber deck with natural finish on upper terraces.
• Hardened concrete screed to plant areas.
• Exposed aggregate concrete to roadways and parking.
• 150x150x20mm natural riven slate finish to swimming pools.

Walls

• "DULUX" Pentalite paint system on plaster to main interior walls.
• 600x600mm homogenous stone effect tile to wet areas in bathrooms.
• 20x20mm mosaic tiles to feature walls in bathrooms.
• Natural cement render with elastic admixture to external walls.
• Horizontal random limestone rock cladding to exterior feature walls.
• 150x150x20mm slate tile to swimming pools.

Ceilings

• Timber strip with natural finish to Living, Kitchen, Dining and upper terrace areas.
• "DULUX" Pentalite paint system on gypsumboard in bedrooms.
• "DULUX" Pentalite paint system on waterproof cement board in bathroom and external areas.

Steelwork

• Steel structure finished with "INTERNATIONAL"marine paint system.

Windows

• Premium quality tropical hardwood windows.
• Aerofoil powder coated aluminium louvres around Living, Kitchen and Dining areas.

Doors

• "DULUX" Satinwood spray paint system on solid core doors

Balustrades

• 80x50mm external grade timber top rail with natural finish.
• 50x8mm hairline finish stainless steel frame with 4mm stainless steel cable infill.

Sanitaryware

• International quality porcelain ware from the "COTTO" range.
• International quality tap ware from the "GROHE" range.
• Custom made 2 person baths.

Kitchens

• Island style fully fitted kitchen and dining combination with granite worktop and high pressure laminate doors.
• Appliances from the Siemens stainless steel range.

Cabinets

• Fully fitted, veneer lined closets in each bedroom.
• Drawer and desk combination in each bedroom.
• Vanity counter with storage underneath in ensuite bathrooms.
• Fitted media cabinet in Living area.

Lighting

• Centrally controlled intelligent lighting systems to Living, Dining, Kitchen, terraces and pool.
• Import quality light fittings used throughout.

Air-conditioning

• Split-type air conditioning to all Living, Dining and Bedroom spaces.

Internet Connection

• Wireless broadband hotspots in all villas and main common areas.
• Hardwire broadband connection to each villa.

Landscaping

• Luxurious tropical landscaping throughout the resort.
• Lush tropical foliage in planters either side of lower terrace.

Note: The developer reserves the right to substitute any of these specifications with that of a similar or better quality.

Current RRP for Villa 22 Million Baht. Substantial “Early Bird” discounts available for off-plan purchases

Ownership Structure

Direct ownership of freehold property by foreign national is not possible in Thailand. Ownership is achieved by a perpetually, renewable lease which offers the lessee full control over thefreehold ownership rights, effectively equivalent to freehold ownership. The lease title can be used for mortgage purposes to secure bank borrowing. Ownership Structure The benefits of leasehold ownership are:

• There are no costs for setting up a Thai company and submitting the annual company audit therefore saving costs and increasing the yield. * Villas in Cool Blue Samui are likely to be rented out. If you had freehold ownership all rental income would have to go to the Thai limited company which would attract tax at a rate of 30%. Any UK dividends would also be subject to tax at 20%. If you lease the property you may be able to take advantage of the double taxation agreement between Thailand and the UK.
• To onward sell a Thai limited company, you need to have very good audit records and will need to employ a top name accountant. Without this, the new buyer cannot be confident about the company which could result in difficulties selling it (and the property).
• You cannot lose ownership of the property under a lease but you could lose ownership of a Thai limited company unless it is run properly (this has already happened to some people). The lease can always be converted to freehold…so there is no risk.
• The lease renewals add infinitum, not just for 90 years.
• The buyer can later sell the lease offshore or a new lease can be created (90 years) and sold on.
• It is much harder to forfeit ownership of a lease than a Thai limited company (along with all your investment).
• Our lease is relatively simple, cost effective, tax efficient and financially safe.

Maintenance Costs

A sinking fund of THB100,000 will be obtained from each property, this is a one time payment only. The initial maintenance charge of THB5,000 per month will be levied from the date of completion. It includes the labour maintenance of your pool and terrace.

Property Management & Rental Management

A full hotel management and booking service will operate through a professional hotel management company. This will be real time and linked into all the major travel and tour operator management systems. The resort will be marketed worldwide at all major travel shows.

Furniture Package

A bespoke furniture package will be available for all those wishing to participate in the rental scheme and is priced at THB900,000 plus a THB350,000 dressing pack. This will include everything you need to move into your new home including TV, Hi-Fi, kitchenware and bed linen and dressing pack of curtains, blinds and artwork. The furniture package is required if the Villa is to be entered into the rental pool.

Incomes and Yields

Indicative incomes are THB1,050,000 moving to THB1,445,000, the equivalent to net yields of approximately 6.7% rising to 9% in year four of operation. These are based on conservative figures.