The modern cottage is part of a popular development overlooking Patong Bay, the perfect real estate investment to generate rental income.
Designed in a tropical and contemporary style, the cottage comes fully furnished with an open-plan kitchen, connected to your living and dining area.
The beach is only a stone throw away. You can easily walk there, or you can take the free shuttle-service bringing you to the picturesque beach.
Furthermore, owners also receive discounts from tour-bookings, the residence restaurant and the spa.
Also, the owner scan use the cottage for 4 weeks in low season, or 2 weeks in high season and 2 weeks in low season, free from the cost of electricity, water and any monthly fee.
The rental guarantee in this project is 7% and includes no monthly fees, no electricity cost, no maintenance cost and no sinking fund for the first 15 years.
After 10 years, the owner will be eligible for the buyback option at the original price and after 15 years, he will have the possibility of renegotiating a new rental guarantee period.
Two configurations are offered to buyers:
– the cottage with its own private Jacuzzi on the balcony, with a total of 60 m2
– or the cottage with a private swimming pool on the balcony with a total of 70 m2.
Rental Guarantee condition – Special promotion 7% NET (subject to WHT) rental guarantee (NO monthly fee, NO electricity, NO maintenance, NO sinking fund…) for the first 15 years.
The first rental guarantee will be paid by the Seller to the Purchaser after one year from the final payment and hand over.
Buy Back Option – available after 10 years at the original price.
After 15 years possibility of renegotiating a new rental guarantee period.
– 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.
7% Rental Guarantee for 15 years + Full Furniture included
The 7% cash back will be paid within 30 days after full payment
Buy Back Option: available after 10 years at the original price
No additional fees within all Rental Guarantee period
For the first 2 years the 7% NET cash back will be paid within 30 days from the full payment – or deducted from the last payment.
From the 3rd year the Rental guarantee will be paid at the end of the year.