Patong Bay Hill

Patong Bay Hill

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 charming Sea view and greenery mountain view.

Patong Bay Hill Resort consists of 19 buildings with 469 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.

Features:

• Ownership : Protected Leasehold with 7% NET guarantee yield for 15 years
• Property Type : Sea View and Garden View Residence
• Plot Size : 93,112 m2
• Built up area : 15,960 m2
• Completion date : 2020
• Layout : 60 to 94 m2 with studio, 1 bedroom
• 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 Jacuzzi
• Garden : Landscape Garden -View : Sea/Mountain
• Distance to Town : 1km to town -Distance to Beach : 800 meters to beach

SPECIAL CONDITIONS

PROMOTIONAL OFFER FOR RENTAL GUARANTEE PROGRAM

Sea View and Garden View apartment, fully furnished including kitchen and appliances.

Prices:

Prices starts from THB 5.2 Mil contact sales team for details on sea view and garden view prices.

No maintenance fee, no utilities to be paid for the whole rental guarantee period. No sinking fund to be paid. Registration taxes shared50%-50% between Buyer and Seller.

Rental guarantee conditions:

Special promotion 7% NET (after WHT) rental guarantee (no monthly fee, no electricity, no maintenance, no sinking fund…) for the first 15 years. The rental guarantee will be paid every year in advance. After 15 years possibility of renegotiating a new rental guarantee period.

Payment Terms for Completed Units:

• 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

Payment Terms for Building O:

• 200,000 baht reservation deposit
• 55% upon signing the Purchase Contract within 30 days from the signature of Reservation Agreement
• 25% upon completion of lock-up stage
• 20% (minus deposit) upon unit keys handover

Payment Terms for Buildings P and Q:

• 200,000 baht reservation deposit +10 000 THB lawyer fee
• 40% upon signing the Contract within 30 days from the date of Reservation Agreement
• 20% upon completion of foundation.
• 20% upon building structure completion
• 10% upon lock up stage
• 10% (minus deposit) upon handover

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.