Property ID : 18PA139
For Sale, Invest ฿3,060,000 THB - Condominium
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.
Phase 3 is a modern style 130 units, 1 bathroom 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.
Ownership: Protected Leasehold and Freehold with 7% NET guarantee yield for 15 years
Property Type: Executive Suites
Completion Date: Dec 2021
Layout: Modern Open Plan
Swimming Pool: Common
View: Sea/Mountains -Distance to Beach: 850 Meters
Distance to Town Centre: 1.5 Km’s
Rental guarantee conditions:
7% NET Rental Guarantee for 15 years (subject to WHT)
No maintenance fee, no utilities, no common area fee, no sinking fund for 15 years
The Rental Guarantee will be paid yearly in advance
The first Rental Guarantee will be paid within 30 days from unit handover date and final payment
Furniture package included
After 15 years there is a possibility of renegotiating for a new rental guarantee period
After 10 years the Buyer may apply for the buy back option and receive back all the money paid.
Registration tax will be shared 50%-50% between Buyer and Seller.
Lawyer Fee: 12,000 THB
Possibility for the owner to use the apartment for 4 weeks in low season or 2 weeks in high season and 2 weeks low season, free from the costs for electricity, water and monthly fee.
Standard payment Terms:
200,000 baht reservation deposit
40% upon signing the Purchase Contract (within 30 days from Reservation Agreement being signed)
20% upon foundation completion
20% upon structure completion
10% upon lock-up stage
10% (minus reservation deposit) upon keys handover