Patong Bay Hill Sea View is an exciting new project which saw the first phase of the project, consisting of 366 apartments, opening in early 2017.
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.
As a second phase of the project, the developer is offering self-contained ‘cottages’ which are all located at the top of the hillside, ensuring that each unit offers owners and guests incredibly clear sea views. Designed in a unique, curved style, these cottages are all one-bedroom/one-bathroom units containing 35m2 of internal space plus a large 11m2 terrace area, each containing a private jacuzzi so that owners and guests can bathe while they watch the sun go down over the ocean. All of the cottages 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 five years, with 10% interest on top of the original price.
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.
Currently on pre-launch, these cottages are offered at a discounted price of just THB 5.4 million per unit – an exceptionally attractive price for such a private residence which offers perfect sea views and tranquility.