Planned and designed for elegant yet efficient living, Kamala villas offer an opportunity to secure a luxury property in Phuket with a guaranteed return on investment. Located on the prestigious “Millionaire’s Mile,” an enclave of luxury villas and resorts, the project feature one bedroom cottage units within close proximity to Kamala Beach.
SAFE RETURN OF GUARANTEED INVESTMENT
This prime real estate investment, with sweeping sea views, comes with a 7% NET rental guarantee for the next 15 years. The enviable location is 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. An excellent opportunity to invest in a lucrative market while offering safe investment with a guaranteed return for 15 years. The project guarantees a 7% NET rental guarantee on your investment annually, with no need to pay monthly fees, electricity, maintenance or sinking fund for the first 15 years.
Competition in this idyllic area is limited. The cottages are set amongst nature, yet close to Kamala Beach and not far from the hustle and bustle of Patong. Villas are located in a serene area with close proximity to all that the charming, local neighborhood of Kamala has to offer.
The Project
The Villas are stunning one bedroom cottage units of 65 square meters. Featuring a minimalist design and contemporary interiors, the cottages come fully furnished and open up to sweeping views across Kamala Bay. Tranquil and serene, the cottages are surrounded by lush vegetation. Each one bedroom cottage unit features either a private, open-air jacuzzi or private, sea view balcony pool offering owners the chance to unwind and relax while taking in the breathtaking vistas of the Andaman Sea. One bedroom cottage units feature open plan kitchen, living and dining areas providing ample space. The tropical and contemporary design is further enhanced by panoramic sea views, verdant garden views or natural mountain views. The project grounds are truly a hidden, tropical oasis. There is a common area swimming pool, gym, spa, restaurants and cafes as well as a clubhouse. The peaceful grounds of the project also include adequate parking space.
Location
The project is located amongst the luxury villas and resorts of Phuket’s famous “Millionaire’s Mile.” The secluded area is safe and secure while being just a short drive to the idyllic fishing village of Kamala. The local neighborhood is charming with many conveniences. Kamala is home to great restaurants, vibrant local markets, and 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 Air-port is within close proximity as it is just 27 km away.
Purchase 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.
