1 Bedroom Apartment for sale in Patong, Phuket

C663 - Modern and stylish, offers an opportunity to own a one-bedroom apartment in Phuket that ensures a guaranteed return on investment. Situated in the Patong Hills, home to 199 one-bedroom apartment units spread across 4 buildings, all within close proximity to the hustle and bustle of Patong Beach.

The Project

With feature 199 units spread across 4 buildings. The one-bedroom apartments are contemporary in design, featuring 45 square meters of space. Patong Bay Hill Phase 2 has a chic, modern design in an ideal location.

The one-bedroom apartments 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 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.

Location

Located high above the vibrant neighborhood in the Patong Hills. The location evokes a very remote feel and showcases Phuket’s beautiful nature as well as outstanding views.

Patong Beach is a world-famous tourist destination. The neighborhood offers up great dining options, shop-ping malls, unique local markets, a variety of cafes and the infamous entertainment destination of Bangla Road. There truly is something for everyone in the neighborhood of Patong.

FEATURES:

-Property Type: Pool and Mountain View Residence
-Plot Size (sqm): 7,776 sqm
-Layout: 45 sqm, 1 bedroom
-Total Units: 199
-Ownership: Protected Leasehold with 7% NET guarantee yield for 15 years
-Style: Tropical / Modern
-Kitchen: Open plan kitchen
-Living Room: Open plan living area
-Swimming Pool: Common Swimming Pool
-Balcony: Private
-Garden: Landscape Garden
-View: Pool/Mountain

Promotion offer:

Pool View and Garden View apartments, fully furnished including kitchen and appliances.

- Pool View 3rd floor Price 4,095,000THB
Promotion 2,900,000 THB


- Garden View 3rd floor Price 4,009,500 THB
Promotion 2,790,000 THB

- Pool View 4th floor Price 4,095,000 THB
Promotion 3,300,000 THB

Lease right: 90 years leasehold.

Registration taxes shared 50%-50% between Seller and Buyer.
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. After 15 years possibility of renegotiating a new rental guarantee period.

Buy Back Option: available from year 10th to 15th at the original price counted from Closing date.

Payment Terms: COMPLETION DATE DECEMBER 2024
-200,000 THB reservation deposit + 10,000 THB lawyer fee
-40% upon signing the Contract within 20 days from the date of Reservation Agreement.
-20% upon completion of infrastructure.
-20% upon building foundation completion
-10% upon building structure completion
-10% (minus deposit) upon handover

Option 1 If pays 50% within 20 days from Reservation, Buyer will receive 3.5% return of amount paid within 30 days. (Note: Not applicable for 3.3mil THB unit.)
Option 2 (5 units ONLY) If pays 100% within 20 days from Reservation, Buyer will receive 7% return within 30 days from full payment.

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.

Free daily shuttle service to the beach is included. Discount on tours bookings and Residence Restaurant
and Spa prices will be offered.