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Patong Bay Hill

Property ID: 2860
Phuket,
Egypt
£102,131
Condo
  • 498
  • 0
  • 1 Bedroom
  • 1 Bathroom
  • 55 sq m
Kinney Smith
Kinney Smith
Contact Agent

Description

Patong Bay Hill Sea View Apartments is an exciting new project which was fully-completed and opened in the first quarter of 2017, making it an ideal project for anyone looking to buy in a project that is ready to move into immediately.

The resort is constructed in a tropical modern style and is located on Nanai Hill just a few hundred metres to the south of the town centre of Patong – Phuket’s most popular tourist destination.  The project’s hillside location offers panoramic views across the beautiful Andaman Sea below while offering all guests a peaceful and tranquil environment, while still within easy reach of all of the attractions and nightlife of Patong.  Patong Bay Hill is designed as a fully-featured, five-star holiday resort, offering modern-style hotel catering with exclusive accommodation surrounded by a green landscape and natural gardens, making the project the perfect retreat destination.

In total, Patong Bay Hill resort consists of thirteen buildings, containing 366 units, of which 183 have pool access, allowing guests and owners to plunge into the pool directly from their own private terraces.  A limited number of apartments also offer sea views.

The majority of the apartments at the resort are one-bedroom apartments.  Compared to the current trend for compact apartments, all of the apartments at Patong Bay Hill resort are extremely large and spacious, varying in size from 54m2 to 89m2.  There are also a limited number of two-bedroom apartments available of 77m2.  All of the apartments on the resort are supplied on a full turnkey basis – right down to soft furnishings and cutlery – and all fixtures and fittings are of the highest quality to ensure that they are in keeping with the five-star nature of the resort.

The resort offers guests a full range of five-star amenities to enjoy.  These include a clubhouse, wedding facilities, cafes and restaurants, a kids’ club, wellness spa, sport and recreation, fitness centre, 16 retail outlets including a convenience store and an impressive, elegant swimming pool which offers sea views while guests swim or lounge on the adjacent terraces.  The resort also offers a free shuttle bus service to take guests to the beach and the centre of Patong Town.

As Patong Bay Hill resort is a fully-functioning five-star hotel, it will be especially interesting to investors looking for a rental return rather than for use as a permanent residence.  For investors, the project offers a Guaranteed Rental Return of 7% annually for a period of 15 years.  And this return is Net – investors here do not need to pay Sinking Fund payments or annual maintenance fees, unlike the majority of projects offering Rental Guarantees.  The developer also offers a Guaranteed Buyback Scheme after ten years.

Investors also have the opportunity to use their own apartments for free for a period of up to four weeks per year – of which two weeks can be taken during Phuket’s high season in the winter.

In summary, Patong Bay Hill is an ideal choice for investors looking to purchase large apartments at attractive prices which offer exceptional net returns for a very long period.

 Type  m2  Price/THB    Start Date          2015
One-Bed – Min    54.0     4,500,000 Closing Costs           3.15%
One-Bed – Max   89.0   7,600,000 Payment Plan
Two-Bed – Min 77.0  6,000,000 Reservation Fee   THB 200,000
Two-Bed – Max 77.0 6,000,000 Deposit Payment            45%
Interim Payments            40%
Handover            15%

Amenities

Sea Views
Terrace
Patio
Fully Furnished
Close To Beach
Private Parking
Air Conditioning
Swimming Pool

Key Features

Solid Investment
Fully Furnished
Sea Views
24/7 security
Close to all amenities
Guarenteed Rental Return of 8% for 15 years
Parking

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