In the spring of 2017, the developer launched Patong Bay Sea View Cottages as a second phase to their Patong Bay Hill Sea View condo project. This project was such a success that the vast majority of the 150 cottages were sold out in under six months. As a result, the developer is repeating the offer at their other condo development, which is Naka Bay Sea View.
Hidden away in the tropics of Nakalay Bay and surrounded by lush vegetation and towering palm trees, Naka Sea View Condominium is a modern, luxurious development nestled in the hills of Kamala. Just a stone throw’s away from the stunning tranquil Naka beach, Naka Sea View Condominium offers up breathtaking sea views.
The hillside location of Naka Sea View Condominium is peaceful and serene. The near-by beach is one of Phuket’s finest, boasting turquoise waters and baby powder soft sand. Semi-private, the beach is hugged by verdant towering trees and is just a short, 250m, walk from the development.
The second phase of the project consists of self-contained 'cottages' which are all located on the slopes of the hillside, ensuring that each unit offers owners and guests incredibly clear sea views. Designed in a unique, curved style, these cottages are all one-bedroom/one-bathroom units containing 42m2 of internal space plus a large 18m2 terrace area, each containing a private jacuzzi so that owners and guests can bathe while they watch the sun go down over the ocean. All of the cottages are supplied on a full turnkey basis - right down to soft furnishings and cutlery - and all fixtures and fittings are of the highest quality to ensure that they are in keeping with the five-star nature of the resort.
The facilities on offer to guests at Naka Bay Sea View include a fully functional clubhouse, a state-of-the-art fitness centre, a refreshing common area swimming pool, a dedicated wellness center and spa as well as a convenient restaurant serving both Thai & Western cuisine. Naka Sea View Condominium boasts all of the conveniences of home on a tropical island in a lush location in Phuket, Thailand. A free shuttle service is offered from the resort to Patong so that guests can experience the 'bright lights, big city' of Phuket.
With Naka Bay Sea View due to operate as a five-star hotel, it will be especially interesting to investors looking for a rental return rather than for use as a permanent residence. For investors, the project offers a Guaranteed Rental Return of 7% annually for a period of 15 years. And this return is Net - investors here do not need to pay Sinking Fund payments or annual maintenance fees, unlike the majority of projects offering Rental Guarantees. The developer also offers a Guaranteed Buyback Scheme after ten years.
Investors also have the opportunity to use their own apartments for free for a period of up to four weeks per year - of which two weeks can be taken during Phuket's high season in the winter.
Currently on pre-launch, these cottages are offered at a discounted price of just THB 6.4 million per unit - an exceptionally attractive price for such a private residence which offers perfect sea views and tranquility.