Charming and luxurious, sea view villas offer an opportunity to own a modern cottage in a popular part of Phuket that ensures a guaranteed return on investment. With a lovely location in the Patong Hills, ale the villas are one bedroom within close proximity to the exciting holiday destination of Patong Beach.
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.
Competition in this idyllic area is limited, as these are the only cottages set amongst nature yet within minutes of the hustle and bustle of Patong. The villas are located high in the hills above the Patong Beach neighborhood, with close proximity to the beach and all of the entertainment, shopping, and nightlife options the area offers.
The Project
Elegantly designed, the cottages are fully furnished. The minimalist design is luxurious yet cozy, and the views are some of the best you can find on the island of Phuket. Each cottage features a private balcony with a private sea-view swimming pool, sure to be a highlight as the day winds down and owners can relax and enjoy one of the island’s beautiful sunsets. All of the cottages are one bedroom with a size of 60 square meters or 70 square meters. The cottages have a quaint open plan kitchen, open plan living area and open plan dining space. The tropical and modern design is exceptionally alluring and is enhanced by landscaped gardens, sea and mountain views. There is a common area swimming pool, gym, spa, restaurants and cafes as well as a clubhouse. Parking is also available on the premises.
Location
The villas are located high above the popular Patong neighborhood. The area showcases Phuket’s beautiful nature while being safe and secure. Patong Beach is a world-famous tourist destination. The neighborhood offers up great dining options, shopping malls, unique local markets, a variety of cafes and the infamous entertainment destination of Bangla Road. There truly is something for everyone in the neighborhood of Patong. For those wishing to explore the rest of the island, Patong Beach is approximately twenty minutes from Central Festival and Phuket Town. The southern Phuket landmark of Promthep Cape can be reached in thirty minutes, while Phuket International Airport is within close proximity as it is just 39 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.
