Patong Bay Residence 2

Patong Bay Residence 2 is 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 2 is comprised of 1 bedroom and 2 bedroom apartments, 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 sun-drenched swimming pool and decked lounge area, fully equipped fitness center, a wellness center and restaurant.

FEATURES:

• Ownership: protected leasehold with 7% NET guarantee yield for 15 years
• Property Type: executive suites
• Completion Date: December 2018
• Style: Luxury/Contemporary
• Layout: modern open plan
• Swimming Pool: common swimming pool
• Fitness Centre
• Wellness Centre
• View: Sea/Mountains -
• Distance to Beach: 850 Metres
• Distance to downtown: 1.5 Km’s

PRE-LAUNCH PROMOTION:

Price starts from 2,500,000 THB

RENTAL GUARANTEE CONDITIONS:

• Special promotion 7% 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:

• The 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
• 70% upon signing the purchase contract within 30 days from the signing of the reservation agreement.
• 15% upon completion of the lock-up stage.
• 50% (minus deposit) upon unit keys handover (within 3 months from signing the contract).