1 Bedroom Seaview Apartment for Sale 7% Net Year Patong Phuket
Nested on the top of Patong Hill, overlooking Patong Bay with an incredible 180 degree sea view. This is the latest project from an important developer in Phuket.
Offers 7% Net per year ..15 years of passive income, paid once a year directly on your Thai Bank Account.
you can choose to pay during the construction phases or pay all at once and receive 3.5% Net per year during the construction and then 7% Net per year for 15 years management contract.
4 weeks at free use for the owner – free shuttle transportation to the beach and Paradise beach
|
UNIT TYPE |
SIZE |
PRICE |
PROMOTIONAL PRICE |
|
Type A Sea View |
45.5 sqm |
7,450,000 |
7,052,000 |
|
Type B Sea View |
45.5 sqm |
6,997,500 |
6,597,500 |
|
Type B Garden View |
45.5 sqm |
4,950,000 |
4,550,000 |
|
Type C Sea View |
45.5 sqm |
6,542,500 |
6,142,500 |
|
Type C Garden View |
45.5 sqm |
4,950,000 |
4,550,000 |
|
Type D Sea View |
45.5 sqm |
6,087,500 |
5,687,500 |
|
Type D Garden View |
45.5 sqm |
4,950,000 |
4,550,000 |
|
Type E Sea View |
45.5 sqm |
5,732,500 |
5,232,500 |
|
Type E Garden View |
45.5 sqm |
4,950,000 |
4,550,000 |
Registration taxes shared 50%-50% between Buyer and Seller. Lawyer’s fee: 10,000THB
Rental guarantee conditions: Special promotion 7% NET (subject to WHT) 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.
In case of full payment before completion date, the rental guarantee will be paid within 30 days from the payment.
Buy Back Option: after 10 years from the closing date the buyer may apply for the buyback 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.
Other Projects from the same developer:
Patong Bay Hill 2
Patong Bay Residence 2
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