International Hotel Branded Low-Rise Investment Condo close to Ocean Marina Yacht Club at Na Jomtien - Studio Units - 6% Rental Guarantee for 10 Years!

ALBAR PENINSULA

The Lifestyle You Deserve

This Condo gives You The Unique Opportunity To Turn Your Dreams Into Reality. Located In The Sought-after And Highly-desirable Destination Of Ban Amphur Where Beautiful Coastline Is In Abundance, With Sweeping Panoramas Of The Ocean As A Backdrop, The Condo Delivers The Ultimate Coastal Lifestyle. Modern Architecture Combined With Stylish And Seek French Designs, A Contrast To Vibrant City Life, An Escape, A Sanctuary, Somewhere You Can Call A Home Away From Home.
Combining Luxury 5-star Hotel Living With Privacy And Tranquility, First -class Hotel Management And Amenities, The Lifestyle You Deserve.

Project details

Location : Ban Amphoe beach, close to Ocean Marina Yacht Club
Type of building : Low-rise building 8 floors
Construction : August 2021 – Dec 2023
Number of buildings 4

Unit Types : Total of 686 units
Building A has 198 units. (Studios)
Building B has 181 units. (Studios)
Building C has 90 units. (Studios) 69 units (1 Bedroom) 13 units. (2 Bedrooms) Total 172 units
Building D has studio 36 units - 1 bedroom 91 units - 2 bedrooms 8 units. Total 135 units
* 505 units are studio type, 160 units are 1 bedroom type and 21 units are 2 bedroom type.
* 19 units are pool access units
* 19 units jacuzzi units

Payment Options

- Thai Quota
o Option 1: Booking 50,000, Contract 20%, Down payment 25% (5% every 3 months x 5 times), Transfer 55%
o Option 2: Booking 50,000, Contract 50%, Transfer 50% (Return during construction 5% per year of 50%)
o Option 3: Booking 50,000, Contract 100% (Return during construction 5% per year of 100%)

- Foreigner Quota
o Option 1: Booking 50,000, Contract 30%, Down payment 45% (15% every 6 months x 3 times) Transfer 25%
o Option 2: Booking 50,000, Contract 75%, Transfer 25% (cash return during construction 5% per year of 75%)
o Option 3: Booking 50,000, Contract 100% (return during construction 5% per year of 100%)

Investment Program

- Rental Guaranteed 6% per year for 10 years
- Fully furnished, electronical appliances, standard hotel decoration and amenities
- Furniture maintenance under hotel service for 10 years
- Free common area fee for 10 years
- Free unit renovation after 10 years of rental guaranteed program
- 15 days free stay per year at same unit type
- Free water and electricity usage during rental guaranteed program
- After completion date, hotel will have 3 months testing opening before the rental program starts.
- Rental Guaranteed will be paid every 3 months within date 15th of first month of next quoter. The first Rental Guaranteed payment will be paid
- Rental return subject to withholding tax 5%
- Customer need to sign lease back agreement for 10 years
- From year 11th onward, profit sharing 60:40

Return During Construction

- Thai Quota: in the event that customer pays 50% - 100% on contract signing date shall get 5% of paid payment per year during construction period
- Foreigner Quota: in the event that customer pays 75% - 100% on contract signing date shall get 5% of paid payment per year during construction period.
- Payable quarterly until construction is completed
- No withholding tax applied

Buy Back Option

- Applied only units in building A and only the unit under investment program
- Buy back option between year 3 – 5 at 100%. Customer need to inform at least 60 days in advance.
- Customer shall be responsible for expenses for ownership transferring on buy back process.

Customer privileges

- Free pick-up service from/to U-ta Pao International Airport or Train Station
- Express Check-in, Check-out
- Free extra bed (subject to inform hotel in advance)
- Free welcome fruits and welcome drink
- Free birthday cake
- Free self-service laundry during stay
- If your stay is longer than 15 days you receive 15% discount for the next check in.

Expenses on transfer date

- Transfer fee 1%
- Sinking fund 600THB/ SQ.M pay one time on transfer date
- Water and Electricity meters installation cost (actual amount collected by government)
- Lease registration fee 1.1% of the total rent in the period of ten years.