Investment Condo in Patong

For Sale

฿3,870,000

Property ID:

CV-11792-property

Beds

Baths

Completion Year

Jun 2021

Area

45 sqm

Rental Program

Yes - See Description

Ownership

Leasehold

Status

Under Construction

Description

Modern and stylish, this project offers an opportunity to own a one-bedroom apartment in Phuket that ensures a guaranteed return on investment. Situated in the Patong Hills, this is home to 199 one-bedroom apartment units spread across 4 buildings, all within close proximity to the hustle and bustle of Patong Beach.

The one-bedroom apartments at are all open plan. They are fully furnished, including a functional kitchen as well as appliances. The open plan design allows for ample space in the kitchen, living, and dining areas. The Pool View and Garden View apartments are 45 square meters and ideal for anyone looking to invest in the Patong neighborhood.

In the middle of the 4 buildings that comprise the project, there will be a common area swimming pool for owners to enjoy. The rooftop swimming pool is sure to entice those look to enjoy the epic views from the project.

Located on the outskirts of the famous tourist destination of Patong. Considered to be one of Phuket’s best neighborhoods, the apartments are tucked away in a serene location, but the excitement of Patong Beach is just moments away.

Additional Details

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.
Buy-Back Option: 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.
Owner benefits: 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.
Price ranging: 45 SqM ฿3,870,000 - ฿4,603,500