For Sale

1 bedroom Apartment for sale rental guarantee Kathu

Property ID: Siam-APT164

Selling Price: 2,150,000THB

Planned and designed for economic but luxurious living, the 1 bedroom Apartment for sale rental guarantee Kathu Condominiums offer an opportunity to secure value and a guaranteed return on investment. It has been conceptualized for modern living, close to amenities, outdoor leisure and around natural resources in the area – an unusual and unique combination in Phuket.

THE DEVELOPMENT
The complex, 15 mins’ drive from Patong Beach, with large public areas, including a large swimming pool, gym with its own separate pool, restaurant, entertainment facilities and ample parking space. The units are well designed, with living spaces cut to fit the economical floor space optimally. Located in the heart of Kathu, the 1 and 2-bedroomed condominiums make for an attractive investment. October 2019 will see the completion of 406 units of 24 – 53 sqm, with floor-to-ceiling windows revealing mountain and city views, two pools, a spa, gym, restaurant & bar and conference room.

GUARANTEE RETURN ON INVESTMENT
The total number of visitors to Thailand has grown rapidly over the past 20 years, from around 8 million arrivals in 1998 to an estimated 35 million in 2017. For 2018 the Tourism Authority of Thailand (TAT) forecasts Bt3.1 trillion (US$ 9.1 billion) in tourism revenue, according to Governor Yuthasak Supasorn. We guarantee a fixed annual income of up to 8%, returning your investment every year for 10 years. The 8-floor complex is spread over 3 Rai of land right next to Prince of Songkla University’s Phuket campus which, coupled with its competitive price positioning, makes it an elegant investment choice for any newcomers to the property market. Parents who wish to invest in property for their university-going children and young couples with school-going children should also consider this unique opportunity to step into Phuket’s property market. Two of Phuket’s top schools – HeadStart International School and Kajonkiet International School – are both within 5-minute drive.

CONVENIENT LOCATION
The 1 bedroom Apartment for sale rental guarantee Kathu is located only 3 km from Central Festival, one of Phuket’s largest shopping centers. It’s also in close proximity to other large shops and convenience stores, such as Tesco Lotus, Big C Supercenter and Siam Makro. Siriroj International Hospital is 5 minutes away and is located on one of Phuket’s main business arteries, where many world-class brands have outlets. Phuket’s renowned Central Festival Shopping Center, Index Living Mall, BMW, Hyundai, IKEA and many others are all present in the area, making shopping elsewhere for anything, from household décor and appliances to motorcars, unnecessary. The area surrounding the Central development is rich in natural beauty, parks, country clubs and golf courses. Three of Phuket’s top golf courses can be found here – the Loch Palm and Red Mountain Golf Clubs, and the Phuket Country Club. Beside the Country Club’s 18th hole is the Bang Wad Dam, a lake and Phuket’s largest source of fresh water. Also in the vicinity is the Phuket Aquapark and, further out, the Jungle Bungy Jump and Flying Hanuman jungle zip lines for outdoor leisure seekers.

Rental Income: Our 10-year selective rental agreement generates a guaranteed 8% fixed annual income for the investor.
Free holidays: 10 nights of free stay per year at any Hotel from the same developer. Use any of the facilities Hotel that come from the same developer – spend your holiday in a Condo while using the gym facilities at Kata or the pool and restaurant in Karon.
Free transport: The Apartment for sale rental guarantee Kathu offers a free beach shuttle bus service as well as connecting shuttle service between all our projects in Phuket.

Rental guarantee conditions
Ownership: Leasehold
8% NET (subject to WHT) rental guarantee for 1 to 20 years
NO monthly fee, NO electricity, NO water, NO maintenance only during the rental guarantee
Buy Back option at the end of the rental guarantee
Furniture package 100.000THB

Owner benefits:
Possibility for the Owner to use the apartment 10 free nights to stay at any project of the developer (10 nights during high season and 30 nights during low season)

Remark
Registration taxes shared 50%-50% between Buyer and Seller
Sinking Fund 500 THB/Sqm. (paid only one time)
Common area Management Fee 50 THB/Sqm. (only in case the owner using for living and no join the rental guarantee)
The buyer starts to earn the 8% return when the full payment is done after one year of the completion date

Payment Terms
100,000THB, signing of reservation agreement
20% of of the purchase price and the furniture package fee, signing of the contract
30% of the purchase price, once costruction commences
30% of the purchase price, once the structural construction is complete
20% of the purchase price minus 100,000THB, on handover