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Ocean Palms Apartments, Location : Bang Tao

Asking Price 5.6 million THB
Desgined with functional modernity, using a Thai contemporary theme - this development is ideally situated in Cherngtalay 5 minutes from the Beach
Fast Facts
Location Bang Tao
Property Category Off-Plan
Purchase Terms 30 Year Lease (with 2 x 30 year renewal options)
Status Apartments
Building Design
Typical 1 Bedroom
Commom Areas
Studio Style




2 Bedroom

Bathroom

Ensuite

Plunge Pool - 2 Bed
 
Description
The Ocean Palms Apartments are situated just 500m from the stunning Bang Tao beach, is undoubtedly in Phukets fastest growing residential area. The development offers property buyers an exciting range of 72 spacious apartments set within lush tropical landscaped surroundings.
 
Images

Site Plan

1 Bedroom

1 Bedroom Pool

2 Bedroom
 
Property Details
This is a condominium development with three separate buildings each with different aspects on the land site.

The units do not have see views; however, there is a pleasant land view for the owners with glimpses of the beach front tree line and sea. The development has been marketed to the foreign buyers and the developers see the project as a foreigner ownership venture.

The objective is to sell the development, both freehold and leasehold to the foreign market, to then offer the buyers the opportunity to enter into a pooled revenue rental system which will return to the owners approximately 4-10 per cent income per rental.

Development overview.

Building - Lavender :
Lavender is situated at the far end of the land plot and has 18 apartments, 3 two bedroom two bathroom penthouses of 133 gross square meters, 6 one bedroom one bathroom deluxe suites of 79 square meters, 3 two bedroom two bathroom poolside suites of 156 square meters and 6 one bathroom studio suites of 53 square meters. The main swimming pool and fitness centre is to the front elevation of this block

Building - Jasmine :
Jasmine in situated in the middle building of three and has 42 apartments, 6 two bedroom two bathroom penthouses of 133 gross square meters, 12 one bedroom one bathroom deluxe suites of 79 square meters, 12 one bathroom deluxe suites of 53 square meters, 6 one bedroom one bathroom deluxe pool suites of 88 square meters, and 6 one bathroom deluxe pool studios of 62 square meters with a selection of sun sala’s to the front elevation and shares the second lap pool of the development to its north side.

Building - Lotus :
Lotus is situated at the road side of the land plot and has 20 apartments. Lotus will be released for sale at the end of July 2012. This block is available for sale to a single investor, if there is a single purchaser the units only will be sold to the buyer.

Facilities :
In addition, the deli/coffee shop, owners storage centre, business centre and parking area make this an ownership heaven, with the added features of maid service, IDD and local calls service, cable TV, concierge service, laundry service, in room internet service, courtesy beach bus and airport transfer completes the demands of the international property owner.

Developer Report.
The transfer fees are shared equally by the developer and buyer. The sinking fund fee of 500 Baht per square meter is a once off payment, and a maintenance fee annually of 60 Baht per square meter per month.

The developers have provisionally indicated completion of the construction by the end of December 2012 with the transfer of ownership during January and February 2013.

The furniture package allows the purchaser to be able to purchase in the knowledge that the apartment is fully furnished to a standard which will support good rental income.

The Beach club gives the owners a perfect place to relax when visiting the beach, facilities include, restaurant, bar, sun beds, showers, and shuttle bus to and from the beach club.
 
 

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