Only 10 minutes from the beach and close to all of Patong’s activities
Patong is a very popular city among holiday makers, expatriates and investors. It is the first tourist destination in Phuket, and where you can find a wide range of activities and shops, and Phuket’s most popular beach.
An already operational hotel – and a renowned developer
The first three phases of the project have been delivered. The hotel is already in service with a communal swimming pool, a sports hall, a massage place and a bar-restaurant.
The developer in charge of the project offers many properties for sale in Thailand, particularly in Naka (Phuket) where projects have already been delivered with the same 7% over 15 years. The developer’s specific characteristic is to offer 4 weeks of personal occupancy per year : it is free of charges and allows you to benefit from your own property and spend dream holidays with friends or family.
High quality accommodations
Fully furnished and equipped, the lovely apartments of Patong Bay Residence 3 are 1 bedroom apartments. The rooftop pool has a superb sea view with the city below. Of course, every buyer an resident is able to enjoy the activities of the hotel.
The hotel management development
Patong Bay Residence 3 will aim to operate as a hotel. Investors are not in charge of the management or maintenance of the property. They buy a unit that will be rented to visitors by hotel management team.
The purpose for the investor is to collect yields generated by the rents. On the project, the developer offers a 7% / year rental on the initial value of the property, from 10 to 15 years net of charges. Thanks to TPG’s special offer, you have the opportunity to start this immediately if you choose to pay your apartment in full on signature of the contract.
The developer also offers to buy the apartment back at 100% of the initial purchasing price between the 10th and 15th year. Thus, the capital with which you buy is secured.
Furthermore, you will benefit from the 4 weeks of free occupancy per year thanks to your Phuket property investment. A great opportunity to spend wonderful holidays on the dream island of Phuket.