PATONG BAY RESIDENCE PHASE 3
Your dream holiday property. 7% Guaranteed Rental Return for 15 years.
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 3 is a modern style condominium with 114 units, 1 bedroom 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 Wellness Centre and Restaurant. Closed to the popular Patong Beach, Patong Bay Residence is an idyllic holiday home on the tropical island of Phuket, Thailand.
As Phuket continues to flourish, there has never been a better time to purchase a holiday home on this popular island. Phuket truly offers a little bit of something for everyone. Not only are there great beaches, but there is abundant nightlife and dining choices as well as all of the conveniences and necessities of a Western country. Property developments such as Patong Bay Residence 3 will not stay on the market for long, so now is the time to act.
Patong Bay Residence is a prestigious and charming collection of apartments and residences. This beautiful complex is situated on the north side of Patong just 15 minutes walk from the beach, the Shopping Center Jungceylon, and the famous nightlife site Bangla Road.
- Property Type: Condominium
- Total Units: 114
- Completion Date: 2023
- Ownership: Protected Leasehold with 7% NET guarantee yield for 15 years
- Style: Luxury/Contemporary
- Layout: 34 sqm, 1 bedroom
- Kitchen: Open Plan Kitchen
- Balcony: Private
- Swimming Pool: Common or roof-top
- Distance to Beach: 850 Metres
- Distance to Town Centre: 1.5 Km’s
SAFE INVESTMENT WITH GUARANTEED RETURN
This prime real estate investment, located on the outskirts of Patong, comes with a 7% NET rental guarantee for the next 15 years. The enviable location is close to Patong Beach, which gets a high share of the rising numbers of tourists to Phuket annually. Phuket tourism revenue grew 6% to over B272 billion in 2019 alone, while the Phuket International Airport had a 10% revenue growth during the same year. Year-on-year monthly arrivals were up 8% at the end of December 2019.
Competition in this idyllic area is limited, as these are the only cottages set amongst nature yet within minutes of the hustle and bustle of Patong. Patong Bay Ocean View Cottages are located high in the hills above the Patong Beach neighborhood, with close proximity to the beach and all of the entertainment, shopping and nightlife options the area offers.
Rental guarantee conditions
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.
After 10 years from the closing date the buyer may apply for the buy-back option and receive back all the money paid.
After 15 years possibility of renegotiating a new rental guarantee period.
200,000 baht reservation deposit
40% upon signing the Purchase Contract (within 30 days from Reservation Agreement being signed)
20% upon infrastructure completion
20% upon foundation completion
10% upon building structure completion
10% (minus deposit) upon keys handover
- 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.