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Ocean Breeze Phuket
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INTRO
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Ocean Breeze Phuket combines a distinctive lifestyle experience with a superb investment opportunity that maximises both personal and financial returns.
Managed and maintained to international resort standards the luxurious apartments resort facilities are complemented by full management services.
Ownership rewards you with the privilege of staying at this exquisite retreat during your holidays and a share of room revenues from its use as hotel accommodation for the rest of the year.
At its private location on Layan at the beginning of Phuket's famed "Millionaire's Mile", Ocean Breeze Resort Phuket offers the a resort lifestyle experience for the discerning buyer and sound investment value. |
ABOUT
Ocean Breeze Resort Phuket provides a unique opportunity to not only possess your dream holiday residence, but also enjoy the benefits of being part of a superbly- run hotel resort.
There is in total 50 apartments being build with one or two bedrooms, and Suites clustered round the central, spring-fed lake and a large swimming pool with a waterfall cascade.
To compliment the resort lifestyle, a full range of 24-hour Resort services, operated by an international hotel management company will be provided to enhance your comfort:
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Ownership Structure
Under Thai law, foreign nationals may own buildings or property developed on land leased by them, but not the land itself. Buyers sign 30-year leases,with two options to renew the lease for an additional 30 years each, with Ocean Breeze Estate Limited, a Thai company, for the apartment and the right to use the common areas in the project.
The buyers also subscribe to shares in Ocean Breeze Owners Corporation, an offshore company which owns the controlling interest in Ocean Breeze Estate Limited. At the completion of the project, all shares of Ocean Breeze Owners Corporation will be owned by the lessors in the project, giving effective control for renewals and collectively controlling the freehold of the project.
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Investment
As owner of a Resort apartment or Suite, you will enjoy a quality of living in one of the world's most desirable areas. Another benefit is that Phuket properties, especially those in the Laguna / Bangtao / Layan corner of the west coast, are highly sought after, so your new home has recognised potential for capital appreciation.
You can also maximise returns on your investment annually by participating in Ocean Breeze private letting pool.
Renting your residence short-term allows you to use it whenever you wish and enjoy income at other times. Long-term rentals are another option if you do not intend to be in residence for a considerable period. |
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Rental Pool andLegal Procedure
To secure the selected Apartment or Suite, buyers sign a Reservation Agreement which defines the relationship you will have with the developer. You will be provided with all relevant documents for review. If you decide to proceed, you will receive the following documents:
- A 30-year lease of the apartment with options to renew for a further two terms of 30 years each. This leasing document also gives you the right to use all common areas and includes an undertaking to maintain the apartment and provide your share of maintenance costs for the common areas.
- An agreement to subscribe to shares in the offshore company. The shares will be transferred when the project is complete, effectively giving control to the lessors in the project over the land ownership and any renewals of the lease, and further control over the maintenance of the common areas.
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