This ocean view cottage for sale presents an excellent opportunity for investors seeking a property with attractive rental returns on Phuket island. Its prime location, just a short distance from the pristine Nakalay Beach, adds to its appeal.
With 60 square meters of living space, including spacious terraces, these ocean view cottages provide a comfortable and enjoyable environment. The highlight is the stunning sea view that can be admired from the balcony pool, allowing residents to relax and soak in the beauty of the ocean.
Each cottage features one bedroom, one bathroom, a living room, and an open kitchenette, providing all the necessary amenities for a pleasant stay. The cottages are fully furnished with new and tasteful furniture and décor, ensuring a modern and stylish living space.
As an investment property, owners have the opportunity to use the cottage for 30 days each year. For the rest of the year, the property will be managed by the hotel brand and utilized as a rental property. To further enhance the appeal, each apartment comes fully furnished and includes a 6% return for three years (18% payback), with no maintenance or utility costs. Then owners enjoy a 70/30 rental pool for 12 years.
Additionally, the ocean-view cottage for sale includes a buy-back option, providing flexibility for investors. Details regarding the buy-back option can be obtained by contacting the relevant parties involved.
The advantage of this investment property is that there are no additional fees associated with its maintenance. The purchase price includes all running costs, such as electricity, water, management fees, and a sinking fund, which are managed by the hotel brand. This ensures a hassle-free ownership experience.
Upon completion of the 15-year rental program, there is the possibility of negotiating an extension to continue the program, providing potential for ongoing rental income.
While the video showcases the unit and design, please note that the location featured is from phase I. For more accurate and up-to-date information regarding the specific location of the ocean-view cottage, it is recommended to consult with the developer or relevant parties involved.
November 2023 Update: This property has been put on HOLD by the developer until they complete other projects.