Patong Bay Residence

Patong Bay Residence is a collection of 56 apartments distributed over 5 floors.

Patong Bay Residence is a prestigious and charming choice 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.

Patong Bay Residence offers you the chance to live within the beauty of Patong beach in an excellent location, combining a relaxing restful atmosphere with the best onsite amenities such as large swimming pool, restaurant, bar, spa, gym and local shops.

Choosing an apartment in Patong Bay Residence will give you a unique opportunity to achieve your dream of owning a property in the very heart of Patong while providing you with the benefit of a solid investment and the comforts attached. Fully furnished apartments are available from 1,950,000 Baht with the option to receive a guaranteed 7% annual returns for up to 30 years.

FEATURES:

• Ownership: protected leasehold with 7% NET annual return for 15 years or freehold
• Property type: city residence
• Completion date: fully complete and in operation
• Style: executive apartments
• Swimming Pool: common swimming pool
• Fitness Centre: yes
• View: Sea/Mountain
• Sky Lounge/Cocktail Bar
• Distance to Beach: 850 meters
• Distance to the downtown: 1.5 Km’s

PROMOTIONAL OFFER:

Apartments on 2 and 3 floors starting from 1,950,000 THB + Option to upgrade to VIP Pack for 350,000 THB
Standard Apartment (2nd and 3rd floor):

• Full bathroom renovation included ( new tiles (floor/walls), rain shower, vanity, fixtures and fittings, fitting of pipes and drains for the kitchen.
• Option to upgrade to VIP layout and furniture pack

1.Full usage option 365 days/year:

• Maintenance fee 60 THB sqm/month -Utilities (electricity/water usage)
• Reception service and cleaning (once a week) 1,500 THB/month
• 1,000 THB/sqm for Sinking fund. (one-time payment)

2.Rental program option:

• Annual income is split 70% for the owner and 30% for the management company.
• Maintenance fee 60 THB sqm/month
• Utilities (electricity/water usage)
• Reception service and cleaning (once a week) 1,500 THB/month
• 1,000 THB/sqm for Sinking fund. (one-time payment)

Floor 4 and 5 starting from 2,400,000 THB
V.I.P. Investment apartment (4th and 5th floor):

• Brand new VIP upgrade (full apartment renovation)
• Luxury furniture package and appliances.
• Rental guarantee program

RENTAL GUARANTEE CONDITIONS:

• Special promotion % 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 years, 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 the agency or privately.

Owner benefits:

• he Owner is entitled to use the apartment for 4 weeks in LOW season OR 2 weeks in HIGH season 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.

DEVELOPER FINANCING:

50% of the purchase price can be financed over 5 years.

PAYMENT TERMS:

• 200,000 baht reservation deposit
• 50% upon signing the purchase contract within 30 days from the signing of the reservation agreement.
• 50% (minus deposit) upon unit keys handover (within 3 months from signing the contract).