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Patong Bay Residence Phase 3

Starting Price THB 3.060.000

Patong Bay Residence 3

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 3 is a modern style condominium with 114 units, 1 bedroom 1 bathroom condominium with 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 roof-top Pool and Decked Lounge area, Fully equipped Fitness Centre a Wellness Centre and Restaurant. Closed to the popular Patong Beach, Patong Bay Residence is an idyllic holiday home on the tropical island of Phuket, Thailand.

As Phuket continues to flourish, there has never been a better time to purchase a holiday home on this popular island. Phuket truly offers a little bit of something for everyone. Not only are there great beaches, but there is abundant nightlife and dining choices as well as all of the conveniences and necessities of a Western country. Property developments such as Patong Bay Residence 3 will not stay on the market for long, so now is the time to act.

Features:

  • Ownership : Freehold or Leasehold with 7% NET guarantee yield for 15 years
  • Property Type : Condominium
  • Completion date :  2023
  • Layout : 34 m2 with 1 bedroom
  • Style : Modern/Contemporary
  • Kitchen : Open plan kitchen
  • Living Room : Open plan living and dining area
  • Swimming Pool : Common on roof-top
  • Balcony : private
  • Distance to Beach: 850 meter
  • Location: Patong

SPECIAL CONDITIONS

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

Rental guarantee conditions:
Special promotion 7% NET (subject to WHT) rental guarantee (no monthly fees, no electricity, no maintenance, no sinking fund…) for the first 15 years.

In a case of full payment before project completion Rental Guarantee 3.5% will be paid within 30 days from the final payment date. After unit handover 3.5% RG will be changed to 7% for another 15 years.

After 15 years possibility of renegotiating a new rental guarantee period.

Buy Back Option 10-15 years from the closing date buyer may apply for the buyback option and receive back all the money paid.

After 15 years possibility of renegotiating a new rental guarantee period.

Payment Terms:

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

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 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 Discount on tours bookings and Residence Restaurant and Spa prices will be offered.

Property Id : 19988
Price: Starting Price THB 3.060.000
Property Size: 34,00 m2
Rooms: 1
Bedrooms: 1
Bathrooms: 1
Country: Thailand
Air Conditioning
Balcony
Furnished Fully
Garden
Gym
Spa
Restaurant
Close to Shops
Close to Restaurants
Internet
Mountain View
City View
Shared Parking
Pool
Satellite Or Cable
Security Camera
Security Guard
TV
Wi-Fi
Short Walk to the Beach
Short Drive to the Beach
Freehold
Leasehold
Off Plan
Floor Plan 1
Floor Plan 1

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size: 0 m2
Floor Plan 3
Floor Plan 3
Floor Plan 4
Floor Plan 4
Floor Plan Room
Floor Plan  Room

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