KarenBravo Posted October 10, 2010 Posted October 10, 2010 I have heard that after high season, the row of shop-houses from Sea-Bees to Happy Days is going to be demolished so that the road can be widened. What about the rest of the road? Are they only widening at one spot? Any of our dive industry posters know anything?
LivinginKata Posted October 10, 2010 Posted October 10, 2010 We were talking to the staff in Happy Days a couple of weeks ago and they told us that the row of shop houses was being demolished to make a larger higher row of buildings (4 floors). No mention of road widening.
evanson Posted October 10, 2010 Posted October 10, 2010 (edited) Sorry, know nothing. Then why ............ post! Edited October 10, 2010 by LivinginKata Profanity removed
stevenl Posted October 10, 2010 Posted October 10, 2010 Sorry, know nothing. Then why ......... post! Because the op asked specifically whether people in the dive industry knew something. So i am simply answering the op's question. Are you always this friendly?
steelepulse Posted October 10, 2010 Posted October 10, 2010 (edited) Does evanson even live in Phuket and know that stevenl is in the industry? I'd say not. I agree with stevenl, kind of abrasive without knowing the facts. Edited October 10, 2010 by steelepulse
KarenBravo Posted October 10, 2010 Author Posted October 10, 2010 We were talking to the staff in Happy Days a couple of weeks ago and they told us that the row of shop houses was being demolished to make a larger higher row of buildings (4 floors). No mention of road widening. That's funny, the lady who cooks the roast dinners at Happy Days was the one that told me about the road widening...........
Thunderbird4ever Posted October 11, 2010 Posted October 11, 2010 I think its even further down the street, all the way down to the hairdresser and all shop houses will be taken down. Its nothing to do with road widening but the landowners making new buildings. Where new buildings are coming up they will not be as close to the street as they are today so more space outside of buildings. It has been talks about a hotel in some part of it and also an open bar area like Kata Night Bazaar. Other than that more modern and bigger townhouses for rent.
Benjie Posted October 11, 2010 Posted October 11, 2010 I rent a unit down that street, there has been talk of the owners knocking down the current shophouses and building new ones since I started renting 3 or 4 years ago.
Thunderbird4ever Posted October 11, 2010 Posted October 11, 2010 I dont think its just talks anymore. No one is able to sign up long year contracts anymore and they will all end more or less around the same date.
KarenBravo Posted October 12, 2010 Author Posted October 12, 2010 I'm just surprised that the owners would knock down perfectly good, rent-paying shop-houses to build new, better ones. Just doesn't seem to fit into a Thai style business plan, unless there is a very good reason Maybe the road-widening is true?
KarenBravo Posted October 12, 2010 Author Posted October 12, 2010 I dont think its just talks anymore. No one is able to sign up long year contracts anymore and they will all end more or less around the same date. Would that be after the coming high season?
Thunderbird4ever Posted October 12, 2010 Posted October 12, 2010 (edited) Talks are that in about 9 months from now demolition will start. Its not road widening as this road has no need for that. The landowners want to use more of the back side of the land. The town houses are really not that good or profitable. Many only 2 stories and very simple. Some rent for 7000-10000 a month. Drainage problems and also that dirty little river in the backside are problems. I think they want to make the whole area more attractive and profitable. Probably looking to collect rent in the 25-35.000 baht range per month for a unit. It could be good if a nice hotel was built around See bees or where Happy Days is and also an open bar area and units for rent for various massages restaurants etc. Its a nice area but it could need a face lift as with many other things here. Edited October 12, 2010 by Thunderbird4ever
KarenBravo Posted October 12, 2010 Author Posted October 12, 2010 Talks are that in about 9 months from now demolition will start. Its not road widening as this road has no need for that. The landowners want to use more of the back side of the land. The town houses are really not that good or profitable. Only 2 stories and very simple. Drainage problems and also that dirty little river in the backside. It could be good if a nice hotel was around See bees or Happy Days is and also an open bar area and units for rent for various massages restaurants etc. Its a nice area but it could need a face lift as with many other things here. Thanks. I agree that the place does need a face-lift. Sounds like when it's complete, it will be an improvement.
Thunderbird4ever Posted October 12, 2010 Posted October 12, 2010 If they are willing to spend the money and do it the right way and it could be really nice down there. Its a large plot we are talking about so lots of options. Will not be very fun down in that area for some time when construction is going on.
steelepulse Posted October 12, 2010 Posted October 12, 2010 I'm going out on a limb here and predict that these new 4 storey shiny shophouses will be between 6.5-9 mil. At a cost of between 2-2.5 mil, there's good margins in shophouses.........If you have well located land. If not well located, welcome to the land of unoccupied buildings.
Thunderbird4ever Posted October 12, 2010 Posted October 12, 2010 (edited) They will for sure be + 10 million but more likely more. If 4 storey and my guess is that they will be 15 mill. The 3 storey town house owners that are oposite coconut bar and they all expect to sell around 15 mill. 5 years ago they sold for 5 mill. I dont think that they are worth 15 mill. today. But if this project opposite of them is being built to its best using all the land and these old 3 storey ones will keep a good value for sure. Good margins I dont know, it will always depend on the price of the land. If one should buy a piece of land in this soi and it would not be cheap. PS! I dont know if any of them will be for sale or only for rent as today. Edited October 12, 2010 by Thunderbird4ever
KarenBravo Posted October 12, 2010 Author Posted October 12, 2010 (edited) This is conjecture on my part, but, I don't think they'll be for sale. Rent only, just like they are now. Edited October 12, 2010 by KarenBravo
steelepulse Posted October 13, 2010 Posted October 13, 2010 Did the land change hands, or is it in the same family's land bank that have had it for a long time and got it really cheap? ROI on renting out the units is good, if your land cost is real low. Most of the shophouses that come up for sale are from recent purchases of land and the developer wanting to flip to get a good ROI. If you pay a lot for land, then an ROI on a shophouse rental isn't that good when you factor in land costs.
snamos Posted October 20, 2010 Posted October 20, 2010 I drink in happy days every day so I hear all the gossip..from what ive heard (this isnt new its been on the cards for at least 3 years) the demolition will not affect sea beas. But an old lady owns most of the land on that side of the road. I have heard 2 stories....it will be demolished down passed sunees sauna to On bar. and the other one is it will only go to the corner where easy bar is......new shop houses will be built. There is plenty of room behind all these shop houses and the reason for the road widening is primarily for the big tour buses and dive trucks to be able to get down to the pier. Maybe the plan is to get rid of a few more dingy joints in the future further down the road for easier access too
snamos Posted November 3, 2010 Posted November 3, 2010 LATEST UPDATE Was talking to the lady in happy days...her name is Daeng She was talking with the landlady today....The new demolition date is april 2012 I asked her to ask the landlady exactly where the demolition will take place....so she will get back to me P.S when I showed Daeng Thaivisa forum she was very happy that she got a mention and is famous....so anyone going into happy days please mention that you read about her and her roast dinners in this forum it will make her extremely happy
Drag0nboy Posted November 18, 2010 Posted November 18, 2010 I run the coffee shop and bike hire place just next to Easy Bar and the Office near Happy days and my contract is up in March next year - the landlady said after that I can renew it but only on a month by month basis as she doesnt know when the demoliion is starting - I did speak to the lady who owns the hairdressers down the street (where the demolition is starting until Seabees) and the bar next door signed a new lease until 2012 so I am guessing we all have another year at least before we are kicked out!
evanson Posted November 18, 2010 Posted November 18, 2010 (edited) Does evanson even live in Phuket and know that stevenl is in the industry? I'd say not. I agree with stevenl, kind of abrasive without knowing the facts. Yes Evanson does live on Phuket and bothering to post nothing to a posed question suggests too much time on sl's hands. Oh wait! I see him on almost every thread on this forum with nothing to say LOL. Edited November 18, 2010 by LivinginKata flame removed
evanson Posted November 18, 2010 Posted November 18, 2010 I run the coffee shop and bike hire place just next to Easy Bar and the Office near Happy days and my contract is up in March next year - the landlady said after that I can renew it but only on a month by month basis as she doesnt know when the demoliion is starting - I did speak to the lady who owns the hairdressers down the street (where the demolition is starting until Seabees) and the bar next door signed a new lease until 2012 so I am guessing we all have another year at least before we are kicked out! Along with all the tarts bars. Oh goodee!
stevenl Posted November 19, 2010 Posted November 19, 2010 Does evanson even live in Phuket and know that stevenl is in the industry? I'd say not. I agree with stevenl, kind of abrasive without knowing the facts. Yes Evanson does live on Phuket and bothering to post nothing to a posed question suggests too much time on sl's hands. Oh wait! I see him on almost every thread on this forum with nothing to say LOL. Ok, again for mr. Evanson only, who seems to have some problems reading:the op asked this: Any of our dive industry posters know anything? So how is that: 'bothering to post nothing to a posed question'? I would say it is answering that specific question.
Drag0nboy Posted December 9, 2010 Posted December 9, 2010 latest update - New contract signed until March 2012 so looks like its still going ahead but delayed again!!
snamos Posted May 21, 2011 Posted May 21, 2011 This subject went a bit cold Anyone hear any other rumours....ive heard a few The road will be widened but they are putting a tesco style shopping center there.....also sea bees will be demolished but they are allowed to rebuild. Ive also heard recently that there will be similar style shopfronts built a few meters back so the road will be wider....the houses behind will be knocked down also..... Any other juicy rumors???
krangeek Posted May 21, 2011 Posted May 21, 2011 (edited) Does anyone know if this previously pleasant soi leading down to the piers' road widening will bulldoze the relatively newly established embarrassment that are the tarts bars? What an introduction to the, now, cesspit that was once the lovely Chalong Bay. Edited May 21, 2011 by krangeek
snamos Posted May 21, 2011 Posted May 21, 2011 Does anyone know if this previously pleasant soi leading down to the piers' road widening will bulldoze the relatively newly established embarrassment that are the tarts bars? What an introduction to the, now, cesspit that was once the lovely Chalong Bay. I heard they are going also. The one bar and hairdressing salon that were owned by the same family for years changed into 5 bars and were obviously sold off.....the salon moved across the street, smart move considering all thoze tarts will need to still look pretty. Obviously some very astute falang investors didnt do their homework ....I also heard Sabai Sabai massage sold for 150k, a bargain considering there is around 8 months before the building is demolished. Plus I imagine the rent is 12k a month....thats a lot of massaging and beer sales to cover the costs.
starkey_rich Posted May 21, 2011 Posted May 21, 2011 This subject went a bit cold Anyone hear any other rumours....ive heard a few The road will be widened but they are putting a tesco style shopping center there.....also sea bees will be demolished but they are allowed to rebuild. Ive also heard recently that there will be similar style shopfronts built a few meters back so the road will be wider....the houses behind will be knocked down also..... Any other juicy rumors??? That's all we need another shopping mall and maybe a few more shophouses. Give me the bars anyday
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