Amazing Deal - Perfect Investment Condos for Sale in Patong with Guaranteed Yield of up to 7% for 15 Years
Asking Price: 1,950,000 Baht
Listing Id #657
Listed by: Carl Dufvenmark
: These studio or one-bedroom condos are located within easy walking distance to all amenities in Patong, including the beach, many restaurants, bars and shops.
The units are being offered at an exceptional price for a centrally located Patong apartment at just 1.95 Million THB!
This price is for first floor units. Each higher floor commands a premium of 100,000 THB.
There are two options available to buyers-
Regular apartment (2nd and 3rd floor) with bathroom upgrade (new tiles, rain shower, new flooring) pipes and drain predisposition for kitchen and all furniture already present in the apartment. Option to upgrade with furniture package at a cost of 350k THB.
In addition to the exceptional price there are three usage options:-
1. Full usage 365 days/year. Owner pays residence maintenance fee 60 THB/sqm/month + Utilities + Cleaning (once a week) and reception service 1,500 THB/month + 1,300 THB/sqm initial payment for the sinking fund.
2. Rental programme income will be shared 70% for the owner and 30% for the management company (Full usage allowance for low season, compulsory for high/peak season).
3. Rental guarantee 6% net return (no maintenance fee, no utilities, no sinking fund) for 15 years, 2 months/year usage (low season). Pay separately for electricity, water, WiFi based on usage.
For the rental Options 2 & 3 please note that the V.I.P. furniture package is compulsory.
V.I.P. apartment fully furnished with new luxury furniture package, full kitchen and appliances, bathroom upgrade.
These units carry the following rental clause:-
1. Compulsory Rental guarantee 7% net return (no maintenance fee, no utilities,
no electricity and water supply, no sinking fund) for 15 years, giving owners 1 month/year usage (low season).
The Developer is also willing to offer financing of 50% of the purchase price over a period of 4 years at 8% interest per year.
Photos shown are of both the existing studio room, as well as the upgraded VIP accommodation.
The on-site amenities will include a swimming pool, restaurant, gym and a rooftop bar from which you can enjoy sea views by day and the bright lights of Patong at night.
This is an amazing deal for any investment buyers, or for someone looking to purchase long-term accommodation within Patong.
: Located within a 10-minute flat walk to the main beach at Patong.
The condos give easy walking access to a wealth of restaurants, shops, bars and all day-to-day amenities, as well as being close to the main road leading to Phuket Town which is approximately 20-minutes away.
The airport can be reached within a 40-minute drive.