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Investment Opportunity, Karon Bay, Phuket, Thailand

Karon, Mueang Phuket District, Phuket, Thailand
Start from€121,000

Description

Karon Bay, Phuket, Thailand.

A large development on Karon Hill, only 800 meters from Karon Beach, this complex of sea view condominiums has been conceptualized to resemble a 5-star hotel in Phuket. Located within comfortable reach of amenities and attractions, the valuable sea view property is set to be completed by October 2019 (1st Phase) .

    

PRICES:

FROM THB 4,300,000

UNIT SIZES:

33.68 SQM

   

The Development:

Located on top of a prime hill , 7 rai, site offering sea and mountain views, Utopia Karon Condominiums comprise 238 units of 1 and 2 bedrooms, between 33 and 68 sqm. The units come fully decorated with complimentary home appliances and shared outdoor areas, including a parking lot and two swimming pools, of which one is an infinity pool at the highest point of the property. Facilities include the Peak Ocean pool bar, spa, gym, and a restaurant on top of the hill with breathtaking views from one of the highest point in Karon.

Floor space of the units is optimally utilized to allow for large living spaces with generous views. The 1-bedroom apartments have ample bathroom, living room, kitchen and dining areas while still allowing for a larger than standard bedroom over 4.4m x 1.6m, as well as a large outdoor terrace with jacuzzi. The 2-bedroom units flow over double that space, offering two en suite bedrooms, separate dining room and terrace with jacuzzi.

Guaranteed Return on Investment:

This prime real estate, situated in one of Phuket’s most popular bays. comes with a fixed annual income of up to 8%, as well as a 5-year buy back program. Being the choice destination that it is, Karon Beach gets a good share of the rising number of tourists to Phuket each year. Phuket Airport posted an 11.3% year-on-year growth in 2017, reaching an estimated 8.4 million incoming passengers. Even low-season tourism figures show an 11.2% increase compared to the same period in 2016. Competition in the area is limited due to the geography and infrastructure of Karon Beach. It has only a few true, but celebrated, beachfront hotels as the main road runs almost the entire length of the beach – the last beach in this part of Phuket to hold extensive open land.

KARON BEACH INVESTMENT OVERVIEW

Key Investment fundamentals include

  • Guaranteed Rental Return of 8% for 1 to 20 years
  • 8% Cash Back per year once you have paid 100% of the costs
  • 10 Free Nights in High Season and 30 Free Nights in Low Season
  • Key investment location

Quite simply a superb Ex-Pat Lifestyle investment with a superb ROI in a great location of Phuket only 800 meters from the beach.

The investment is a very simple one you buy your Condo from the developer and he enters into a contract to lease if from you for one to 20 years and pays you a rental return of 8% PA Guaranteed for the term that you agree up to 20 years. The developer also gives you 40 days free usage a year of the Condo 10 of which are in peak season. Finally if you pay 100% of the purchase price whilst construction is taking place you will get 8% per year cash back from the developer.

The Developer has designed the project as a Condo Hotel style development thus being able to give such returns to investors and when you use the resort you have everything you need.

In simple terms where today where can you get 8% on your money with the possibility to get capital growth and 40 days free usage.

Beach Location:

The property is 800 meters from Karon Beach, one of Phuket’s most beautiful beaches. There are numerous well-known, prestigious hotels and 5-star resorts close by, including the popular Hilton Hotel. All beaches along this rugged stretch of Phuket’s coast are set into bays, except Karon, which is the longest and straightest of them with four kilometers of tropical sand. Karon Beach has always been the quietest of the big, famous beaches lining Phuket’s southwest coast. The density of beach use here is far lower than on either of its neighbors, Patong and Kata Beaches. But with the last of Karon’s huge spaces rapidly filling with rooms, restaurants, shops and markets, each year sees ever more visitors making their way this choice holiday destination.

Facilities, Services and Benefits:

The Utopia property developments are unique in that they all form part of a condominium hotel chain in Phuket. Once developed and sold, Utopia continues to service and maintain the property like a 5-star hotel, so investors don’t have the headaches and expenses that usually come with property maintenance. They can also enjoy the benefits of 24-hour security, 24-hour reception, room services and transport that would be expected of any world-class hotel.

Rental Income:

Our 1 to 20-year selective rental agreement generates a guaranteed 8% fixed annual income for the investor.

Free holidays: 40 nights of free stay per year at any Utopia Hotels. Use any of the facilities at any Utopia Hotels – spend your holiday in a Utopia Karon while using the gym facilities at Naiharn or the pool in Kata.

Free transport: Utopia offers a free beach shuttle bus service as well as connecting shuttle service between all our projects in Phuket.

The properties are priced and advertised in Thai Baht and converted to Euro at the exchange rate at the time of listing. Interested parties should check the current exchange rate against the Thai Baht to establish correct Euro price.

  • Address: Karon Bay, Phuket
  • Country: Thailand

Detail

Updated on February 13, 2019 at 8:31 am

  • Property ID: 56145
  • Price: Start from €121,000
  • Property Type: Apartment, Apartment - Ground Floor, Apartment - Middle Floor, Condo, Investment Opportunity
  • Property Status: Investment Opportunity, New Development

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