Spacious 1BR Apartment In Patong For Investment ID.18PA138

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.

Distance to Beach: 850 Meters
Distance to Town Centre: 1.5 Km’s

Completion Date: December 2018

Rental guarantee conditions:
• 7% NET (subject to WHT) rental guarantee for 15 years.
• No monthly fee, no utilities, no common area fee, no sinking fund for 15 years.
• rental guarantee will be paid yearly in advance.
• 7% Rental Guarantee will be paid within 30 days from the unit handover and final payment
• Furniture package included.
• After 15 years there is a possibility of renegotiating for a new rental guarantee period.

BuyBack Option:  After 10 years the Buyer may apply for the buy back option and receive back all the money paid

Owner benefits:
Possibility for the owner to use the apartment for 4 weeks in low season or 2 weeks in high season and 2 weeks a low season, free from the costs for electricity, water and monthly fee.

Standard Payment Terms:
200,000 baht reservation deposit
70% is required upon signing the Purchase Contract within 30 days from Reservation Agreement being signed
15% is required upon completion of the lock-up stage
15% is required (minus deposit) upon unit keys handover