Patong Bay Residence (Phase 1)
Description
* 1-bedroom apartments which are built and operating as a well-known hotel.
* Located strategically upon entering Patong from Phuket International Airport surrounded by shop lots and eateries. This apartment offers Patong city view.
* Patong Beach is within 10-minutes walk. Close proximity to various convenience in Patong just by foot.
* Protected leasehold ownership which is renewable upon new registration.
* A holiday investment property that comes with 7% annual rental guarantee return (based on purchase price) for 15 years. All maintenance are free of charge for the owner as the project will be operated on behalf as a hotel.
* On-going maintenance is taken care fully by the developer. This makes it hassle-free for foreign investors in terms of property management.
* Property owner is entitled to 4 weeks usage per year separated into 2 weeks high season plus 2 weeks low season free from any staying costs.
* Buy back option is available after year 5th of ownership plus 10% interest on initial price. This gives owner the peace of mind for flexible asset planning.
* If property appreciates in value, owner can resell it any time to third party at desired market price. New buyer will just continue the remaining years of the 7% rental guarantee.
Address
- Address 73 Phrabarami Rd, Patong
- Country Thailand
- Province/State Phuket
- City/Town Patong
- Postal code/ZIP 83150
Overview
- Property ID 298
- Price ฿2,650,000
- Property Type Condo / Apartment
- Property status For Sale
- Bedrooms 1
- Bathrooms 1
- Size 30 m2
- Label Super Value