Naka Bay Sea View Cottages – Return of 7% Guaranteed for 15 Years — SOLD OUT —

Details

Located on a stunning land parcel on the outskirts of Patong, Naka Bay Sea View Cottages are the latest addition to the Phuket property market. Surrounded by tropical vegetation, Naka Bay Sea View Cottages are within close proximity to a semi-private beach and all of the charms that Phuket has to offer.

Naka Bay Sea View Cottages are essentially one bedroom cottage units that are 60 square meters. Elegant in design, the cottages are luxurious yet cozy. Fully furnished, the cottages open up to sweeping views across Nakalay Bay. If quaint luxury is what you are after, Naka Bay Sea View Cottages are sure to deliver.

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 Naka Bay Sea View Cottages.

Upon completion in 2021, ownership benefits of Naka Bay Sea View Cottages include use of all of the facilities of the Naka Bay Seaview Condominium including common area swimming pool, gym, spa, restaurants and cafes as well as the clubhouse. The grounds of the Naka Bay Sea View Cottages are calm and peaceful; a hidden oasis yet still very close to the hustle and bustle of Nakalay Bay and its popular nightlife options

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 shared  50%‐50% between Buyer and Seller.

Owner Benefits:

• 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 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

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