Patong Investment Property
A stunning executive residence luxuriously styled and finished, located right in the heart of Phuket’s Entertainment and Tourism area of Patong. Amazingly located being only a 10-minute walk to the famous Patong Beach with its white sands and glistening tropical waters.
This is a modern style 130, 1 bathroom condominium with sophisticated, contemporary, executive suites finished to the highest of quality. A modern open plan layout fully furnished throughout with a separate bedroom and kitchen facilities.
The on-site facilities will include a roof-top Pool and Decked Lounge area, Fully equipped Fitness Centre a Wellness Centre and Restaurant.
The project is an established hotel scheme. All the units available with the same rental guarantee program with next conditions:
- 7% NET Rental Guarantee for 15 years (subject to WHT) will be paid in advance.
- No maintenance fee, no utilities, no common area fee, no sinking fund for 15 years.
- In a case of 50% payment before project completion, a Rental Guarantee of 3.5% will be paid within 30 days from the final payment date. After the unit handover, 3.5% rental guarantee which will be changed to 7% once the project is completed.
- Furniture package included.
- After 15 years there is a possibility of renegotiating for a new rental guarantee period.
- After 15 years the Buyer may apply for Buyback option and receive back all the money paid plus 10%.
- Possibility for the owner to use the apartment for 4 weeks in low season or 2 weeks in high season and 2 weeks in low season, free from the costs for electricity, water, and monthly fee.
Financing available.Request Details