Located on a hillside surrounded by lush vegetation between Patong and Kamala, This new project offers modern-style units with a total of 35 sqm of living space. Each unit consists of a separate bedroom, bathroom, sitting area and kitchen. The living area gives access to a balcony with a stunning sea view or garden view. Sold fully furnished, the condo provides all what guests need to enjoy their holidays in a peaceful and serene atmosphere.
The units can be owned with foreign freehold or leasehold and represents a great opportunity for investment.
About the project:
Set on approximatly 11 rai (17,308 sqm), Naka Bay Sea View Condo includes 56 small buidings from 2 to 4 floors with a total of 292 units. The project is divided in 3 phases:
– Phase 1: 17 buildings – 136 units – completion date December 2020
– Phase 2: 19 buildings – 76 units – completion date December 2021
– Phase 3: 20 buildings – 80 units – completion date December 2022
Ownership benefits include use of all of the facilities of the Project which are:
Located on the world famous beach destination of Phuket, Thailand, Naka Sea View Condominium is situated on an amazing parcel of land that is truly paradise found. The close-by beach (200 m from Nakalay beach) is one of Phuket’s finest boasting turquoise waters and baby powder soft sand. Semi-private, the beach is hugged by verdant towering trees and is only a short walk from the development.
The environment here is relaxing, and the ambience laid back. However, it is just a short drive away from the hustle and bustle of Patong. Famous for its vibrant nightlife, abundant shopping malls and boutiques, endless restaurant choices and a wide array of entertainment venues, Patong is Phuket’s quintessential tourist destination.
Sales Price: From ฿3,700,000
Rental Guarantee Program:
An attractive 15 years guarantee program that provides 7% NET yearly return (subject to WHT) is available to all investors (no monthly fees, no electricity, no maintenance, no sinking fund…). The rental guarantee will be paid every year in advance.
After 10 years from the closing date the buyer may apply for a buy back option and receive back all the money paid.
After 15 years possibility of renegotiating a new rental guarantee period or self management.
The owner can 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.