1 Bedroom Apartment 8% NET Return for 20 years for Sale Karon Phuket
New project in Karon beach, Phuket, one of the most beautiful location in the west coast of the Island.
Nested on the hill overlooking Karon beach, at about 7 km to Patong beach, 2 km to Kata beach and 6 km to Chalong Bay.
The developer has currently 6 projects, some already completed, some under costruction, going from Loft apartments, Villas and Condos. The Karon project spreads on 7 Rai of Land, about 11.000 sqm. offering 1 bedroom apartment with mountain view or sea view, leasehold or freehold ownership, All the apartments are sold fully furnished.
The company is 100% financially covered by their own partners and investors and didn’t need the credit from local Banks.
Karon project offers 240 units, with communal area such 2 swimming pools, restaurant, sauna, fitness center and free shuttle service to the beach.
The apartment’s size is 33.68 sqm., modern desing, high end quality materials, will be completed in 3 quarter of 2019.
For international investors is one of the best opportunity to have a great return of investment for the next 10 years with 8% NET guarantee return per year (only withholding tax deduction will be calculated).
from 5 to 20 years Rental guarantee.
- 8% NET Return on the selling price every year up to 20 years
- Buy Back option after start after 5 years (investor can choose) at the purchased price + 10% Bonus.
- NO electricity costs
- NO water costs
- NO insurance costs
- NO monthly maintenance costs
- 40 days FREE use for the owner (or possibility to rent out this period of time for an extra income)
- 500 baht/sqm. Sinking fund (only 1 time)
In case the owner would prefer to live in or rent by himself and no join the 10 years Rental Guarantee, it will pay 50 bath/smq. monthly maintenance fee and electric/water calculated by the meter and goverment fees.
Prices starts from 4.500.000 baht (+ 300.000 baht furniture package in case the owner wants join the Rental Guarantee program)
Add 500.000 bath in case the buyer prefer Freehold ownership vs. Leasehold
The firs rental guarantee payment will start within 1 month from the competition of the project, ETA 2020.
No Agency Commission.