Investment project, the selling price starts from 4,9MB including Furniture + Rental Guarantee
Property size: 60 m²
Elegant in design, the cottages are luxurious yet cozy. 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 Ocean View Cottages.
Upon completion in 2022, ownership benefits of cottage include use all of the facilities of the complex including common area swimming pool, gym, spa, restaurants and cafes as well as the clubhouse. The grounds of the 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.
Priced from only 4.9 million Thai baht, the cottages come fully furnished and include a rental guarantee of 7% for fifteen years with no maintenance or utilities costs. This is an exceptional value, and a deal like is not often to be found in Phuket. In addition, there is an option to buy back after five years with 10% interest. Ocean View Cottages are of excellent value and present a unique opportunity to own a spectacular holiday home in Phuket.
Rental Guarantee conditions:
- 7% NET (subject to WHT) rental guarantee for the first 15 years.
- NO monthly fee, NO electricity, NO maintenance, NO sinking fund for the first 15 year
- The first rental guarantee will be paid by the Seller to the Purchaser after one year from the final payment.
- Buy Back Option: available after 10 years at the original price – no re-sale risk!
- After 15 years possibility of renegotiating a new rental guarantee period.
- Registration taxes are shared 50%‐50% between Buyer and Seller.
- 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 a 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
200,000 baht reservation deposit.
40% upon signing the Purchase Contract within 30 days from the signature of the Reservation Agreement.
20% upon completion of infrastructure.
20% upon building foundation completion.
10% upon unit building structure completion.
10% (minus deposit) upon keys handover.
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