Patong Bay Residence Condo for Sale from Private Owner
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 2 is a healthy mix of 1 bedroom, 1 bathroom and 2 bedrooms, 2 bathrooms 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 sun-drenched Pool and Decked Lounge area, a Fully equipped Fitness Centre a Wellness Centre, and Restaurant.Location
Patong Bay Residence is a prestigious and charming collection of apartments and residences. This beautiful complex is situated on the north side of Patong just 15 minutes walk from the beach, the Shopping Center Jungceylon, and the famous nightlife site Bangla Road.Investment
This prime real estate investment, located on the outskirts of Patong, comes with a 5.8% rental guarantee for the next 15 years
. No monthly fees, no electricity, no maintenance, no sinking fund for the first 15 years. The rental guarantee will be paid every year in advance.
The enviable location is close to Patong Beach, which gets a high share of the rising numbers of tourists to Phuket annually. Phuket tourism revenue grew 6% to over B272 billion in 2019 alone, while the Phuket International Airport had a 10% revenue growth during the same year. Year-on-year monthly arrivals were up 8% at the end of December 2019.Buy-Back Option
- After 10 years from the closing date, the buyer may apply for the buy-back option and receive back all the money paid.
- After 15 years the possibility of renegotiating a new rental guarantee period.
- 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 fee.
- The Owner can also obtain the Unit usage rights during Peak Season upon pay compensation equal to 50% of the official rental fee.