Patong Bay Ocean View Cottages

Patong Bay Ocean View Cottages

Located on a stunning land parcel on the outskirts of Patong Bay. Surrounded by tropical vegetation, Patong Bay Ocean View Cottages are within close proximity to a semi-private beach and all of the charms that Phuket has to offer.

Patong Bay Ocean View Cottages are essentially one bedroom cottage units that are 60 square meters. Elegant in design, the cottages are luxurious yet cozy. Fully furnished, the cottages open up to sweeping views across Nakalay Bay. If quaint luxury is what you are after, Patong Bay Ocean View Cottages are sure to deliver.
The private, open-air jacuzzi is surrounded by magnificent nature and offers the chance to truly unwind and relax. Imagine enjoying a glass of champagne in your private jacuzzi on your balcony as the sun starts to fade across the bay … a tropical dream this inviting can become a reality if you purchase one of the unique cottages on the grounds of Patong Bay Ocean View Cottages.

Upon completion in 2022, ownership benefits of Patong Bay Ocean View Cottages include use of all of the facilities of the Patong Bay Ocean View Cottages including common area swimming pool, gym, spa, restaurants and cafes as well as the clubhouse. The grounds of the Patong Bay Ocean View Cottages are calm and peaceful; a hidden oasis yet still very close to the hustle and bustle of Patong Bay and its popular nightlife options.

Features

• Ownership : Protected Leasehold with % NET guarantee yield for 15 years.
• Property Type : Sea View Cottages
• Plot Size : 30,000 m2
• Number of Cottages: 200
• Completion date : 2022
• Layout : 60 m2, 1 bedroom
• Style : Tropical/Contemporary
• Kitchen : Open plan kitchen
• Living Room : Open plan living and dining area
• Swimming Pool : Private sea-view balcony pools
• Balcony : private
• Garden : Landscape Garden -View : Sea/Mountain
• Distance from the beach: 1,800mt

SPECIAL CONDITIONS

PRE-LAUNCH PROMOTIONAL PRICE until 31st of August 2019:

PRICE: 
POOL VILLA WITH PARTIAL SEA VIEW
Including Furniture + Rental Guarantee
SIZE 70 Sq.m
PRICE 8,200,000 THB

GARDEN VIEW COTTAGES WITH PRIVATE JACUZZI
Including Furniture + Rental Guarantee
SIZE 60 Sq.m
PRICE 5,900,000 THB

Rental Guarantee condition:
Special promotion 7% NET (subject to WHT) rental guarantee (NO monthly fee, NO electricity, NO maintenance, NO sinking fund…) for the first 15 years.
The first rental guarantee will be paid by the Seller to the Purchaser after one year from the final payment
and hand over.

Buy Back Option:
Available after 10 years at the original price.
After 15 years possibility of renegotiating a new rental guarantee period.

Registration taxes shared 50%-50% between Buyer and Seller. Lawyer’s fee : 10,000THB

Payment Terms:

• 200,000 baht reservation deposit
• 40% upon signing the Purchase Contract within 30 days from the signature of Reservation Agreement
• 20% upon completion of infrastructure
• 20% upon building foundation completion
• 10% upon unit building structure completion
• 10% (minus deposit) upon keys handover

Owner benefits:

• Possibility for the Owner to use the cottage 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