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Sheraton Phuket Grand Bay | Condominiums for Sale | Phuket Realtor

Category : Condo Developments | Posted On 2018-01-15 00:00:00

Development: Sheraton Phuket Grand Bay Residences

Year Built:  Q4 2020

Total Number of Units:  103

Ownership Structure:  Foreign Freehold and Leasehold Title

Prices and Location:   EST119

Video:   Sheraton Phuket Grand Bay Residences - Video

DESCRIPTION:

Thailand’s first Sheraton Branded Residences with Optional Rental Program. The Residences at Sheraton Phuket Grand Bay is in a serene location yet conveniently located close to all the best amenities Phuket has to offer. The Residences are no more than 20 minutes drive from Phuket International Airport, 15 minutes from Mission Hills Golf Club, and 10 minutes from Po Bay Grand Marina.

Exclusive Freehold Villas situated on Po Bay, Phuket with 650-meter seafront offering a stunning panoramic view of island vistas amidst pristine turquoise blue ocean. Price Starts at 9.8 MB. for the Residences of 106 units of Pool Villas and Suites.

  • Option to participate in a rental program managed as part of Sheraton Phuket Grand Bay Resort.
  • Free-stay privileges of 30 nights per annum.
  • Ability to resell at any time to any capital gain.

Pool Villa A: All the pleasures of a private holiday retreat are yours to enjoy with the 2-storey Two-Bedroom Pool Villa. All Two-Bedroom Pool Villas embrace the elements of space and tropical resort living. With its 132 sq.m. of living area comprised of 84.85 sq.m. on the 1st floor, and 47.15 sq.m. on the 2ndfloor in an 80 sq.m. land plot, the villas perfectly blend the contemporary interior with the outdoor terrace and pool. All villas enjoy stunning ocean and island vistas.

Pool Villa B: The 2-storey One-Bedroom Villas with sofa bed are comprised of 85.50 sq.m. on the 1st floor, and 53 sq.m. on the 2nd floor with a total living area of 137.5 sq.m. on an 80 sq.m. plot of land. The villas feature contemporary interior and enjoy stunning ocean or mountain views.

Offering an alternative configuration are 2-storey villas that feature grand master bedroom on the upper level. The lower level is designed to maximize living space where the sofa bed, living room, swimming pool, and terrace flow seamlessly and can be opened up into one expansive space.

Pool Villa C: This One-Bedroom Pool Villa with area of 90 sq.m. on an 80 sq.m. plot of land gracefully blends spacious living area seamlessly with the outer deck and large private pool taking full advantage of the front line panoramic ocean view.

The floor to ceiling height of 3.6 meters maximizes the lofty ocean breeze for natural relaxation, and the living room with the sofa bed, dining area, and kitchen flows into one grand and lofty area for your perfect holiday.

One Bedroom Pool Suite:  The One-Bedroom Pool Suites are located on the lower level and include 84 sq.m. of space. Each pool suite is designed to feature all one needs for the perfect holiday, filled with relaxing and unwinding in a private pool and terrace, to then resting on a spacious master’s bedroom and bathroom.

One Bedroom Suite:  The One-Bedroom Suites are located on the upper level and include 53 sq.m. of space. Each suite features a grand master’s bedroom and bathroom with a large modern bathtub and overlooks panoramic ocean or mountain views. The suites offer a compact and comfortable choice for an exclusive getaway.

DEVELOPER PROFILE:

A Apex Development Public Company Limited project. The Residences at Sheraton Phuket Grand Bay are not owned, developed or sold by Marriott International, Inc. or their affiliates. Apex Development Public Co. Ltd. uses the Sheraton® trademarks and trade names under a license from Marriott International, Inc.

This project is already EIA approved, and Construction Permit no. 020/2561 and no. 021/2561 for construction of the Residences, and Construction Permit no. 063/2561 for construction of Hotel has already been obtained from the relevant authority.  Construction completion of South Residences and North Residences is scheduled in Q3 and Q4, 2019 respectively. Construction completion and opening of Hotel is scheduled in Q4, 2020.

Our business plans are to develop and sell the hotel, Residences and Pool Villas to investors and individual buyers in order to realize its profit to apply for the resumption of trading of the company’s shares in the Stock Exchange of Thailand (SET).

After the completion of project construction, Apex transferred Movenpick Hotel, some of condo-units and pool villas to the buyers, thus realized the net profit to the company based on its audited financial statements for the year 2015 and 2016. SET has approved Apex to resume trading in the Stock Exchange of Thailand for the Property and Construction group, in the Property Development Sector starting from the 27th of March, 2017 onwards.

OWNERSHIP:

Title of Ownership can be registered under the name of any nationality as Freehold at time of purchase as long as the foreign quota of 49 percent of total units remain available. Ownership can also be titled under a foreign name as Leasehold in accordance with Thai law.

PROPERTY MANAGEMENT:

Optional Rental Agreement Term: 3 years, renewable every 3 years until the expiration of the Hotel peroration term of 20 years. Rental of unit will be based on Sheraton Management system, no pooling of income with other units and less service fee of 12% for Sheraton management, operation and marketing. Owners will receive a 60% share of the net room revenue less FF&E reserve of 5% for unit repair and maintenance for GRR. Rental program expected to begin Q4 2020 upon hotel opening.

Rental income statement issued on the 25th day after the end of each month and rental distribution issued to the owner 10 days after the income statement.

CONSTRUCTION PERIOD:

  • Scheduled for completion in Q4 2020

FACILITIES:

• Lobby

• All Day Dining

• Swimming Pool

• Guestroom

• Fitness & Spa

• Meeting Facilities

• 220 meter White Sand Beach

ADDITIONAL FEES:

  • Maintenance (CAM) Fee - 80 THB/SQm/Month (paid one year in advance)
  • Sinking Fund – 1,000 THB/SQm (one time payment)
  • Upgrade to Foreign Freehold quota – Reflected on price list (differs per unit)
  • Built-in Package - Included in price
  • Furniture Package - Included in price

PAYMENT TERMS:

  • 100,000 THB Reservation Fee
  • 10% Payment at Contract Signing in 30 days
  • 10% Payments due Nov’18, Feb’19, May’19, Aug’19
  • 50% Payment at Transfer

LINK:   Sheraton Phuket Grand Bay  - Website

 

Phuket Realtor
David Henry
David Henry is known for his integrity, high energy and hard work which goes into every detail or your real estate transaction at Phuket Realtor. David grew up in the Boston area and started as a realtor in his 20's. With over 30 years of experience in real estate, he has now started one of the best independent real estate agencies in Thailand.

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