PATONG BAY RESIDENCE PHASE 2
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.
Patong Bay Residence 2 is a healthy mix of 1 bedroom, 1 bathroom and 2 bedroom, 2 bathroom 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 sun drenched Pool and Decked Lounge area, Fully equipped Fitness Centre a Wellness Centre and Restaurant.
- Ownership: Protected Leasehold with 7% NET guarantee yield for 15 years
- Property Type: Executive Suites
- Completion Date: Dec 2018
- Style: Luxury/Contemporary
- Layout: Modern Open Plan
- Swimming Pool: Common
- Fitness Centre
- Wellness Centre
- View: Sea/Mountains -Distance to Beach: 850 Metres
- Distance to Town Centre: 1.5 Km’s
PHASE 2 – PRE-LAUNCH PROMOTION
Patong Bay Residence 2 will be an 8 level, 126 unit, 4 star hotel comprising of 1 bedroom, 1 bathroom and 2 bedroom, 2 bathroom sophisticated, contemporary, executive suites, fully furnished and equipped including kitchen and appliances. Facilities will include a Pool and Decked Lounge area, Fitness Centre, Wellness Centre, Restaurant and on-site undercover parking.
RENTAL GUARANTEE CONDITIONS:
– Special promotion 7% NET rental guarantee for 15 years.
– NO maintenance fee, NO management fee, NO utilities fee (common areas/unit)
– NO sinking fund to be paid, NO reception and cleaning service fee.
– NO FEE’S TO BE PAID FOR THE ENTIRE 15 YEAR RENTAL GUARANTEE PERIOD.
– Land Department Registration taxes shared 50%-50% between Buyer and Seller.
– The rental guarantee will be paid every year in advance.
– After the 15 year rental guarantee the option of renegotiating a new rental guarantee period, to live in or to rent out the property on the open market by agency or privately.
– The Owner is entitled to use the apartment for 4 weeks in LOW season OR 2 weeks in HIGHseason and 2 weeks in LOW season (with no cost) The Owner can also obtain the Unit usage rights during the PEAK Season for 50% of the actual rack rate.
50% of the purchase price can be financed over 5 years.
200,000 BAHT RESERVATION DEPOSIT
70%UPON SIGNING THE PURCHASE CONTRACT WITHIN 30 DAYS FROM THE SIGNATURE OF RESERVATION AGREEMENT.
20%UPON COMPLETION OF LOCK-UP STAGE.
10% (MINUS DEPOSIT) UPON UNIT KEYS HANDOVER.