NAKA Bay 7% for 15 years Buy Back*
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Property type: Residential investment
Year Built: 2021
Built in wardrobes
Garage / Parking
NAKA BAY Condominium is a prime real estate investment, with wonderful views of Kamala Bay, comes with a 7% NET rental guarantee for the next 15 years. The enviable location is just steps from Naka Beach and close to Kamala Beach.
Naka Bay Phuket is nestled in the hills of Kamala. The location is surrounded by towering palm trees and is a nature lover’s dream. The tranquil area is a few steps away from Naka Beach and affords splendid sea views. The central neighborhood of Kamala is just a few minutes’ drives from the condominium.
Rental guarantee conditions:
7% NET (subject to VAT) 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.
Possibility for the Owner to use the unit 4 weeks in low season or 2 weeks in high season and 2 weeks in low season, free from the costs of electricity, water and monthly fee.
The Owner can also obtain the Unit usage rights during Peak Season upon pay compensation equal to 50% of the official rental fee.
Property Type: Sea View Condominium
Plot Size (sqm): 17,308
Layout: 35sqm, 1 bedroom
Total Units: 292
Completion Date: 2021/2021/2023
Ownership: Freehold or Leasehold with 7% NET guarantee yield for 15 year