1 Bedroom Apartment for Sale 7% Net Rental Guarantee Patong Phuket
Off Plan apartments for sale in Patong Beach.
New building in a complex with already built and sold 3 other projects. Just 800 meters to the beach and 10 minutes walking to Shopping Center and Bangla Road.
The developer is one of the most reliable and with 32 years of experience in Phuket and with over 800 apartments in his portfolio.
Patong Bay Residence offers apartments from 34 to 42 sq. mt. Fully furnished, with the possibility to purchase in Freehold or protected Leasehold.
The view goes from garden to sea view and all the apartment’s owner have the use of the roof top swimming pool with a breathtaking sea view, other facilities include spa, sauna and massage.
If you want to have a passive income of 7% net yearly for 15 years with 4 weeks of free use with no costs..no electricity ..no water bill….laundry….maintenance fees….insurance fees..this is the best investment you can make in Phuket.
The owner can always have the possibility to re sale the property, or, after 15 years, decide if keep it for personal use or re negotiate another 15 years os management.
- 7% Net Rental Guarantee for 15 years (subject of WHT) will be paid in advance
- Option 1 in case paid 50% of unit price, the Buyer will receive 3.5% rental return within 30 days as from 2nd instalment.
- Option 2 in case full payment the Buyer will receive 3.5% rental return within 30 days as from full payment date (4 weeks free staying in low/high season every year in the completed building).
- After unit handover: program rental return 7% for 15 years start.
- Furniture package: Included
- After 15 years there is a possibility of renegotiating for a new rental guarantee program period.
Buy Back Option:
Between 10 and 15 years the Buyer can apply for Buy Back option and receive back all the money paid
Registration tax will be shared 50%-50% between Buyer and Seller.
Lawyer Fee: 10.000 baht
Possibility for the owner to use the apartment for 4 weeks in low season or 2 weeks in high season and 2 weeks low season, free from any costs.
210.000 baht reservation cost + lawyer fee
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 reservation deposit) upon keys handover
NO Agency commission