1 Bedroom Cottage for Sale Patong Phuket 45% Return Guarantee in 5 years
Amazing location for this new project on the hills of Patong beach, Phuket.
Included in a bigger, almost sold out project with 380 apartments, one of the most succeful condo project in Phuket, this new Cottages area in above the existing condo project with an amazing view and surely a fresh mountain breeze during all year.
The cottages, 46 smq. come fully furnished and with a bedroom, living are, kitchen, bathroom, balcony and jacuzzi.
The guest can enjoy all the facilities of the existing project as swimming pool, shops, golf car free transportation inside the project, free shuttle to the beach.
But most important, it’s the best investment in Phuket.
A 15 years contract with the developer guarantee 7% NET every year to the owner, paid once yearly without any Maintenance fee to pay, no Electric bill, no Water bill, no Insurance cost, no Sinking Fund. And the owner still have 4 weeks of FREE use of the apartment, or, in case, can be rent it out to obtain an extra income.
But if you are looking for a FAST and HIGH return, there is an extra bonus, a BUY BACK guarantee after 5 years with a BONUS of 10% on the purchase price.
If the owner want to keep the property for as long as he like and cash in 7% every year great, it’s 105% in 15 years.
But if want to activate the Buy Back with Bonus it will reach an amazing return:
7% net return for 5 years = 35% + 10% bonus on the buy back = 45% NET return in 5 years….9% a year.
The buying formula is a 30+30+30 years Leasehold, directly on your name. With the possibility in case of re sell to third party to restart the first 30 years leasehold to the new buyer.
Selling Price: 5.600.000 baht