|For resale are two properties one being an apartment and the other a town home.
The three bedroom apartment: built in units of four, two upstairs and two downstairs. Each apartment is on one level with approximately 150m2 of air-conditioned areas plus a 20m2 balcony.
The ground floor opens out on to the spacious gardens and the upstairs apartments have a private roof terrace. The garden area in front will have a 20 metres swimming pool, a tennis court, a golf putting green along with barbecue facilities. Each apartment has private parking and storage space.
The two bedroom apartment: built in units of four, two upstairs and two downstairs. They feature 95m2 of air-conditioned area plus a 12m2 balcony. The apartments have common access to a roof terrace with views over the islands. Each apartment has a private parking place. The 2 bedrooms are arranged in a semi-circle around the gardens behind the townhomes, the 3 bedrooms are also in a semi circle behind the townhomes but next to the club house.
About the Development
Located at the neck of Cape Yamu overlooking the islands and the boating channel accessing the Phuket Boat Lagoon Marina and the Royal Phuket Marina. Grove Gardens offers both modern comfortable living plus all the facilities of a resort, including swimming pools, professional standard putting and chipping facility to keep your touch before the next golf round, tennis court, barbecue areas, restaurant and bar, gymnasium, massage and sauna, convenience store and reception. It will be a gated property with 24 hours security.
Grove Gardens is managed by Tri-Asia, a professional resort and property management company, who market the property for holiday rental, for owners looking for a return on the investment. The property consists of 36 units with twelve 2 bedroom apartments, twelve 3 bedroom apartments and twelve 3 - 4 bedroom townhomes
The management will include taking care of and overseeing facilities such as clubhouse, spa and sauna areas, swimming pool and tennis court, common area infrastructure engineering, gardening including pest control, 24 hour security, common area utility cost, garbage collection, and other management services to ensure the smooth running of the estate, General office services will also be available - for example, mail delivery, sending and receiving faxes, photocopy services, internet access availability, laundry services, airline and other transport coordination, car and boat hire, etc.
It is expected that this fee shall increase annually by between 1 - 3 % or indexed with inflation on an annual basis. This fee does not include the daily and monthly individual direct unit maintenance and utility costs. Fees are paid quarterly in advance starting from the day the unit is handed over to the owner. The final management fees will be calculated based on the cost of maintaining the project.
The management fee however does not take into account a capital or sinking fund which is additional. This will cover any and all eventualities of unexpected maintenance, replacements and or improvements of the estate. Should the sinking fund at any time not be sufficient, the management reserves the right to revert back to the owners for additional funds as to ensure that the estate is always kept to proper standards.
Tri-Asia provides an exclusive rental system, should the unit owner not reside in the unit on a permanent basis and wishes to see a return on the investment. All outside rental companies (if any) must to go through Tri-Asia for any and all rental requirement.
It is anticipated that the rental fee can fetch from 3,000 up to 14,000 baht per night on daily use rate depending on apartment size, season and length of stay. For long stay we envisage a monthly rate of between 35,000 to 60,000 baht per month.
Tri-Asia will collect a 30% management fee on daily rentals up to three months or a 10% management fee on rentals more than three months.
The owner may opt to use the unit on a sporadic basis and or fix a certain amount of weeks per year. Depending on the weeks that are occupied by the owner, the return will vary.