Chic, modern and boasting an outstanding location, this brand new development offers an incomparable investment opportunity in Phuket with a guaranteed return on investment. Tucked away in the southwest part of the island near a fantastic beach, the project offers 1,152 units conceptualized to resemble a 5-star hotel experience.
SAFE RETURN OF GUARANTEED INVESTMENT
This prime real estate investment, located near Paradise Beach, comes with a 7% NET rental guarantee for the next 15 years. The enviable location is close to Patong 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.
An excellent opportunity to invest in a lucrative market while offering a safe investment with a guaranteed return for 15 years. Paradise Beach Residence Phuket guarantees a 7% NET rental guarantee on your investment annually, with no need to pay monthly fees, electricity, maintenance, or sinking funds for the first 15 years. Competition in the idyllic area is limited, as this is the only residence conceptualized to resemble a 5-star hotel experience. Paradise Beach Residence Phuket is nestled next to a road with access to three exceptional beaches southwest of Patong.
The Project
The one bedroom residence units boast a tropical, modern design and feature open plan kitchen, living and dining areas. The square-shaped layout maximizes space. The design is minimalistic with large windows and floor-to-ceiling sliding glass doors to allow natural light to cascade through the apartment and enhance the impressive views. Each apartment has a balcony with a private Jacuzzi and the ground floor apartments offer the ultimate relaxation experience with direct pool access.
The fully furnished units boast impeccably stylish furniture and modern decorations to provide all the necessary comforts in your dream holiday property.
Featured with a variety of convenient on-site amenities and facilities, owners will be able to enjoy parking, pool center, pool bar, conference room, state-of-the-art fitness center, luxury spa and wellness center, Mini Mart, and lobby with 24-hour security, along with restaurants that offer Thai and Western cuisines
Location
The project encompasses the perfect balance of all Phuket, Thailand, has to offer. The location is absolutely stunning, with gorgeous natural surroundings, lush tropical vegetation and white sandy beaches within walking distance. The compact beach has great views of Patong Bay and is shaded by large palm trees and dotted with large granite rocks. It is the perfect secluded destination to relax and unwind.
The world-famous tourist destination of Patong Beach is only a few steps away. Patong has it all – great dining options, shopping malls, unique local markets, and the infamous entertainment destination of Bangla Road. For those wishing to explore the rest of the island, Paradise Beach is approximately 30 minutes from Central Festival and Phuket Town, in close proximity to Merlin Beach, Freedom Beach and Tri Trang Beach as well as an approximate 42 km from Phuket International Airport.
Purchase Conditions
Rental guarantee conditions
7% NET (subject to WT) 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
- 40% upon signing the Purchase Contract within 30 days from the signature of Reservation Agreement.
- 20% upon completion of infrastructure.
- 20% upon building foundation completion
- 10% 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.
- Owner can get VIP member card and enjoy discount in Paradise Beach.
