Functional yet luxurious, new Phuket project offers an opportunity to secure a trendy apartment with a guaranteed return on investment. Located on the outskirts of the vibrant Patong Beach neighborhood, the project features 454 one bedroom apartment units close to the beating heart of Phuket’s famous tourist destination.
SAFE RETURN OF GUARANTEED INVESTMENT
This prime real estate investment, with stunning sea views 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. The sea view apartments are modern and contemporary, yet located within close proximity to all of the touristic attractions of Patong. Located on the outskirts of the Patong Beach neighborhood, the beach, entertainment, shopping and nightlife options that Patong offers are just a few minutes away.
The Project
Featuring an airy design and modern interiors, the units come fully furnished and afford outstanding views across Patong Bay. Each one bedroom apartment features a private balcony as well as a private sea view balcony pool, offering owners the chance to unwind and relax while taking in the breathtaking vistas of the Andaman Sea. The one bedroom units feature open plan kitchen, living and dining areas providing ample space. The tropical, modern design is further enhanced by landscaped gardens and natural mountain views.
While the project grounds feel remote and secluded, they are within walking distance to Patong Beach. There is a common area swimming pool, gym, spa, restaurants and cafes as well as a clubhouse. The project also includes adequate parking space.
Location
The project boasts a quiet destination just a few moments away from the hustle and bustle of Patong. The area features gently rolling hills and natural vistas, 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
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.
