For Sale

Tropical 1 bedrooms Apartment for sale rental guarantee Patong

Property ID: Siam-APT160

Selling Price: 5,200,000THB

The Tropical Modern resort nestled in Nanai Hill is a highlight of Patong Bay, well known for the spectacular view of the Andaman Sea, pearl of the Indian Ocean. Strategically located in a private valley 5 minutes from the heart of Patong, being within the natural environment with a charming Sea view and greenery mountain view. The Hill Resort consists of 13 buildings with 366 units, these newly built apartments were cleverly designed and finished to the highest standards. This residence offers to the investors the opportunity to own property in Phuket’s most prized parcel of Real Estate with privileged access to world-class facilities. Enjoy an intimate experience being witness every day of the Phuket’s famous sunsets.

Rental guarantee conditions
Special promotion 7% NET (subject to WHT) rental guarantee, paid in advance
NO monthly fee, NO electricity, NO water, NO maintenance, NO sinking fund…, for the first 15 years
Buy Back option after 10 years at initial price
After 15 years possibility of renegotiating a new rental guarantee period

Owner benefits
Possibility for the Owner to use the apartment 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

Extra fees
Registration taxes shared 50%-50% between Buyer and Seller.

Payment Terms
200,000 baht reservation deposit + 10,000 baht for lawyer fees
100% (minus deposit) at contract signature within 30 days from signing the reservation agreement

Additional Details:

  • Ownership: Protected Leasehold with % NET guarantee yield for 15 years
  • Property Type: Sea View Residence
  • Plot Size: 89,600 m2
  • Built up area: 15,960 m2
  • Completion date: 2019
  • Layout: 60 to 120 m2 with studio, 1 bedroom and 2 bedroom duplex
  • Style: Modern/Contemporary
  • Kitchen: Open plan kitchen
  • Living Room: Open plan living and dining area
  • Swimming Pool: Common swimming pools
  • Balcony: Pool access and private
  • Garden: Landscape Garden
  • View: Sea/Mountain
  • Distance to Town: 1km to town
  • Distance to Beach: 800 meters to beach