1 Bedroom Seaview Apartment for Sale Phuket 7% NET for 15 Yrs
Located in one of the most beautiful places on the west coast of Phuket, th Naka Project consists in a low profile, high quality, sea view and rental guarantee investment.
Nakalay beach, just 10 minutes drive from Patong beach, 5 minutes from Kamala and Surin beach, a quite and luxury location nested on the hills overlooking the Naka hotel, a 5 stars hotel and Nakalay beach, a white sand beach with transparent water.
The one bedroom apartment is fully furnished with a fully equipped kitchen and balcony, the entire condominium offers a Club house, swimming pool, restaurant and parking, free shuttle to the beach and the possibility to use the facilities of the Naka hotel.
The seller offers 7% NET yearly income to the buyer for 15 years (renewable), an unique opportunity to have a secure, guranteed return of your investment for a total of 105% over 15 years.
The rental is paid in one solution, yearly, starting within 1 month of the final payment of the property, this includes the opportunity to the buyer to full pay the property before the construction is completed and still receive the 7% NET from the seller.
The 7% NET income is calculate on the selling price and the buyer will NOT pay any maintenance fee, electric cost, water cost, insurance cost for the next 15 years.
The buyer has the right to use the apartment 4 weeks every year, 2 in the low season, 2 in the high season, in case he decides to don’t use those weeks he has the opportunity to rent it out, personally or through the developer or receive an extra income for those 4 weeks and leave them to the developer to be rented out.
Purchased price 3.900.000 baht, 273.000 baht return – 3% withholding tax 8.190 baht = 264.810 baht NET straight in the buyer’s thai bank account.
The property can be purchased Leasehold (4.500.000 baht) and Freehold (4.700.000 baht). In the first option the property is registered to the buyer for 30+30+30 years, in the second option the property is registered foreign freehold.
In case of Leasehold the developer inlcudes in the contract the possibility for the buyer to re start the 30 years first lease every time the seller will re sell the property, ex. if the buyer would like to re sell the property after 10 years, the new buyer will have registered the property with a new 30 years leasehold contract.
After 15 years the buyer can re negotiate the market price with the developer and re calculate the new 7% Net rental guarantee based on a new (higher) market price of the property.
Price : 4.500.000 baht