Designed for nature lovers, the peaceful new Phuket development offers an opportunity to secure a secluded unit with a guaranteed return on investment. Tucked away in the hills of Kamala, the project features one-bedroom units surrounded by Phuket’s lush nature.
Safe Investment with Guaranteed Return
This prime real estate investment, with wonderful views of Kamala Bay, comes with a 7% NET rental guarantee for the next 15 years. The enviable location is just steps from Naka Beach and close to Kamala Beach, which gets a high share of the rising numbers of tourists to Phuket annually. Phuket tourism revenue grew 6% to over B272 billion in 2019 alone, while the Phuket International Airport had a 10% revenue growth during the same year. Year-on-year monthly arrivals were up 8% at the end of December 2019.
Competition in this idyllic area is limited. The one-bedroom units are tucked away amongst nature, yet close to the local Kamala Beach and not far from the hustle and bustle of Patong. The project is located in a tranquil area, surrounded by nature with easy access to both Naka and Kamala beaches.
The Project
A modern, luxurious development featuring units of 35 square meters. The location is off the beaten path and gives way to amazing views. The sea view condominium is located just 200 meters from Naka Beach. Each sea-view unit has a private balcony with a rooftop sunbath platform, offering owners the chance to unwind and appreciate the natural surroundings. The sea view condominium is modern and contemporary while being surrounded by nature. The one-bedroom sea view units feature an open plan kitchen, as well as open plan living and dining areas with ample space. There is a common swimming pool, surrounded by landscaped gardens and terrific sea views.
Location
The project is nestled in the hills of Kamala. The location is surrounded by towering palm trees and is a nature lover’s dream. The tranquil area is a few steps away from Naka Beach and affords splendid sea views. The central neighborhood of Kamala is just a few minutes’ drives from the condominium.
Kamala is home to great restaurants, vibrant local markets, and a variety of cafes & pubs. Kamala Beach is an expansive stretch of white sand as well as a favorite family-friendly beach for locals and expats. Phuket Fantasea, an exuberant show/cultural theme park that combines the rich heritage of Thailand with unique 3D effects and animals, is also nearby. For those wishing to explore the rest of the island, Patong Beach is a short, fifteen-minute drive away while Central Festival and Phuket Town can be reached in approximately thirty minutes. Phuket International Airport is within close proximity as it is just 27 km away.
Purchase Conditions
Rental guarantee conditions
7% NET (subject to WHT) rental guarantee (no monthly fees, no electricity, no maintenance, no sinking fund…) for the first 15 years. The rental guarantee will be paid every year in advance.
Buy-Back Option
After 10 years from the closing date the buyer may apply for the buy-back option and receive back all the money paid.
After 15 years possibility of renegotiating a new rental guarantee period.
Payment Terms
- 200,000 baht reservation deposit+10.000 THB Lawyer’s fee
- 40% upon signing the Purchase Contract within 30 days from the signature of Reservation Agreement.
- 20% upon completion of infrastructure.
- 15% upon building foundation completion
- 15% upon building structure completion
- 10% (minus deposit) upon keys handover
Owner benefits
- Possibility for the Owner to use the unit 4 weeks in low season or 2 weeks in high season and 2 weeks in low season, free from the costs of electricity, water and monthly fee.
- The Owner can also obtain the Unit usage rights during Peak Season upon pay compensation equal to 50% of the official rental fee.
