1 Bedroom Seaview Apartment 7% Yield 15 yrs. 50% Financial Available for Sale Patong beach
105% Return in 15 years GUARANTEE
Located at about 1.5 km. from the famous Patong beach and Bangla road, but in quite Valley far from noisiness and traffic, this project is one of the most successful in Phuket.
The entire Complex offer a five stars facilities and all will be included as a benefit to the owners.
The Project will be run as a Resort, offering 7% rental guarantee per year to the owner, plus 4 weeks of Free use, plus NO Maintenance fees during the year plus NO utilities cost during the year, plus free shuttle to the beach and inside the complex.
The units are 70 square meters in size, some with direct access to the pool that is build in every block, the second storey apartments have a balcony and can use the block’s pool. Further more, there is a communal pool, shops that will host coffee shop and other businesses and a nice lake in the center of the Residential area.
As a promotional offer, the Furniture Package is FREE.
The owner can choose if they want the apartment with the Studio/Suite layout, all open space, or at NO costs, with a separate Bedroom.
The entire project will be completed at the end of 2015 even if many apartments are almost ready and the entire project is 100% in time with the plan.
In case the owner would like to rent out the apartment during the 4 weeks free use, the management company will be pleased to do the rental program and split the net income 70% to the owner and 30% to the Company.
The contract is a 30 yrs. Leasehold, renewable for further 30 yrs. + 30 yrs.
The contract will be registered to the land and office department in Phuket, Totally legal procedures and registration.
During the first 15 years, the owner will leave the apartment in use to the company except for the 4 weeks free use, and receive in return a 7% rental guarantee based on the sale price, after the 15 years the owner will decide if renew for another 15 years as Rental guarantee or keep the apartment for his personal use or rent it out privately.
In any moment the owner can Re-sell the property and in the contract there is a clause that the new buyer will see the Leasehold RESTART from 30 years, so, not downside for both seller and buyer to be penalised for the used years.
Terms of Payments:
200.000 baht at reservation
50% at the contract signature, within 1 month from the reservation
30% at the next construction step
20% at the handover
Financial Available on 50% of the Selling price:
4 years at 8%
Rental Guarantee 7% Calculate on the Capital already paid year by year.
BuyBack Guarantee after 10 years:
Great Option for the Buyer, if after 10 Years would like to sell back at the purchase price the developer will BuyBack …and they buyer enjoyed 70% NET profit during that period of time.
The price of the apartments are:
Pool access; 4.300.000 baht
Pool access and sea view: 4.500.000-5.000.000 baht
West block, 100% sea view: 7.500.000 baht (70 sq. mt.)
West block duplex sea view: from 8.400.000 baht to 9.600.000 bath (120 sq. mt)
West block Penthouse 100% sea view: 15.000.000 baht (120 sq. mt)
Second storey Balcony sea view or not: 3.900.000 baht