The Tropical Modern resort nestled in Nanai Hill is a highlight of Patong Bay, well known for the spectacular view of the Andaman Sea, pearl of the Indian Ocean. Strategically located in a private valley 5 minutes from the heart of Patong, being within the natural environment with charming greenery mountain view.
The Phase 2 features 4 buildings and 199 units with 1 pool in the middle of the buildings and 1 pool on the rooftop. The units are all 45 sqm with one bedroom layout in a contemporary design.
Pool View and Garden View apartments, fully furnished including kitchen and appliances.
Lease right: 90 years leasehold.
Registration taxes shared 50%-50% between Seller and Buyer.
Rental guarantee conditions: 7% NET (subject to WHT) rental guarantee (no monthly fees, no electricity, no maintenance, no sinking fund…) for the first 15 years. After 15 years possibility of renegotiating a new rental guarantee period.
Note: In case client pays in full during construction he will get 3.5% within 30 days from final payment and then 7% for 15 years after hand over date.
Buy back option: available at from year 10th to 15th at the original price
Buyback year will be counted from the closing date
Payment Terms: COMPLETION DATE JUNE 2021
200,000 baht reservation deposit +10 000 THB lawyer fee
40% upon signing the Contract within 30 days from the date of Reservation Agreement.
20% upon completion of infrastructure.
20% upon building foundation completion
10% upon building structure completion
10% (minus deposit) upon handover
Owner benefits: Possibility for the Owner to use the unit 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.