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Patong Apartments with 7% guarantee, Phuket

from 2,907,000 THB
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Description

A stunning executive residence luxuriously styled and finished, located right in the heart of Phuket’s Entertainment and Tourism area of Patong. Amazingly located being only a 10-minute walk to the famous Patong Beach with its white sands and glistening tropical waters.

SAFE INVESTMENT WITH GUARANTEED RETURN

This prime real estate investment, located on the outskirts of Patong, 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.

The Project

A modern style condominium with 114 units, 1 bedroom 1 bathroom condominium with sophisticated, contemporary, executive suites finished to the highest of quality. A modern open plan layout fully furnished throughout with a separate bedroom and kitchen facilities. The on-site facilities will include a roof-top Pool and Decked Lounge area, Fully equipped Fitness Centre Wellness Centre and Restaurant. Closed to the popular Patong Beach, the residence is an idyllic holiday home on the tropical island of Phuket, Thailand.

As Phuket continues to flourish, there has never been a better time to purchase a holiday home on this popular island. Phuket truly offers a little bit of something for everyone. Not only are there great beaches, but there is abundant nightlife and dining choices as well as all of the conveniences and necessities of a Western country.

Location

This beautiful complex is situated on the north side of Patong just 15 minutes walk from the beach, the Shopping Center Jungceylon, and the famous nightlife site Bangla Road.

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
40% upon signing the Purchase Contract (within 30 days from Reservation Agreement being signed)
20% upon infrastructure completion
20% upon 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.
Property Id : 29788
Price: from 2,907,000 THB
Property Size: 34.00 m2
Rooms: 2
Bedrooms: 1
Bathrooms: 1
Other Features
Air Conditioners
Balcony
Fitness Centre
Fridge
Fully fitted kitchen
Fully furnished
Garage
Garden
Internet
Lift
Lobby
Parking
Reception
Sea view rooftop swimming pool
Shared swimming pool
Terrace
Floorplan
Floorplan

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