Patong Sea View Cottages are a stylish development of 300 cottages. Elegantly designed, the cottages are fully furnished. The minimalist design is luxurious yet cozy, and the views are some of the best you can find on the island of Phuket.
Each cottage features a private balcony with a private sea-view swimming pool, sure to be a highlight as the day winds down and owners can relax and enjoy one of the island’s beautiful sunsets.
Patong Sea View Cottages have a prime location high in the hills on the outskirts of Patong. The cottages are quaint and charming, with outstanding views across Patong Bay. The project has 300 cottages, with a size of 60 square meters or 70 square meters. All of the cottages are one bedroom.
The cottages have a quaint open plan kitchen, open plan living area and open plan dining space. The tropical and modern design is exceptionally alluring and is enhanced by landscaped gardens, sea and mountain views.
Although the location gives off a remote feel, the excitement of Patong Beach is not far away. There is a common area swimming pool, gym, spa, restaurants and cafes as well as a clubhouse. Parking is also available on the premises.
This prime real estate investment, located on the outskirts of Patong, comes with a 7% NET rental guarantee for the next 15 years. The enviable location is close to Patong Beach, which gets a high share of the rising numbers of tourists to Phuket annually. Phuket tourism revenue grew 6% to over B272 billion in 2019 alone, while the Phuket International Airport had a 10% revenue growth during the same year. Year-on-year monthly arrivals were up 8% at the end of December 2019.
Competition in this idyllic area is limited, as these are the only cottages set amongst nature yet within minutes of the hustle and bustle of Patong. Patong Sea View Cottages are located high in the hills above the Patong Beach neighborhood, with close proximity to the beach and all of the entertainment, shopping, and nightlife options the area offers.
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. The rental guarantee will be paid every year in advance.
After 10 years from the closing date the buyer may apply for the buy-back option and receive back all the money paid.
After 15 years possibility of renegotiating a new rental guarantee period.