Sole Mio – New Luxury Beachside Condominium Development in Bang Tao – 7% Return for 5 Years

Details

Developers in Phuket go out of their way to set their projects apart on the island’s busy property market. Sole Mio doesn’t have to. One look at it proves that it’s special.

This new condominium project coming up in Bang Tao has a lot going on for it. Let’s start with the location – just 150 meters from the beach in a straight line, and a short 300 meter walk to get there. And the beach itself is quite special too – it’s the section of Bang Tao, Phuket’s second longest stretch of sand, that still preserves an authentic island feel. Lined with small local restaurants and reggae bars, it allows you to enjoy a sunset meal or drink while experiencing the feel of warm sand under your feet. Looking for something a little less rustic?

A short walk south and you end up at one of Phuket’s best beach clubs, Catch; a short stroll to the north – the luxurious resorts of Laguna Phuket with their fine dining restaurants, spas and a golf course await. But the area has way more to offer than just the beach. Cherngtalay’s numerous shops and restaurants are a short drive away, an international hospital and a world-class waterpark are coming soon and to add to this, Phuket’s latest shopping mall Porto de Phuket by the mighty Central Group has also been announced and is set to launch nearby in 2019. Sole Mio’s neighbourhood is quickly becoming Phuket’s premiere lifestyle hub.

Back at the condo, it’s the building’s architectural design that makes an impactful first impression. Inspired by the nearby Andaman seascape, the structure takes a distinctive shape of a cruise ship, along with a sprawling top deck with a pool and sunbathing terrace. The rooftop is also home to a fitness, health and rejuvenation centre as well as a bar and a restaurant, all of which offer panoramic sea vistas.

Going down from the rooftop, four of Sole Mio’s five-floors host the condominium’s 124 units (31 per floor) available in two types – a Universal 36 sqm studio and a Deluxe 57 sqm one-bedroom apartment. Regardless of the size, all units follow the cruise ship theme in their modern interiors. Carefully designed with maximum livability in mind, each Sole Mio apartment invites plenty of natural sunlight and offers ample, uncluttered space further increased by the use of naturally flowing curved lines. Moreover, all units come fitted with balconies.

Back on the ground floor, except for ample parking space, a lobby and reception areas are located. That’s because Sole Mio will be managed like a hotel, allowing the future owners to profit from Phuket’s booming tourism business. To make it even more attractive to holidaymakers, Sole Mio will introduce a special anti-ageing program for its guests, featuring a selection of treatments at the project’s in-house esthetic clinic, meditation and yoga sessions, criosauna and traditional sauna treatments, massages as well as nutritionist consultations and custom-made healthy menus.

Thanks to all this, the developer promises a guaranteed 7% annual return on investment for the first 5 years from the launch date and a 2 weeks free stay per year for the owners.

The construction is set to finishing in the first quarter of 2021 by when the price for a sqm is expected to increase by 30% from the pre-sale level 99,000 THB per sqm.

Key Features:

• Location in one of the most prestigious and developed resort areas of Phuket Island in less than 200 meters walking distance to Bang Tao beach;
• 30% unit price growth by the end of construction;
• Payment by installments and free furniture package;
• Hotel license and transparent rental management program;
• Guaranteed return on investment from 7% per year for 5 years;
• Free two weeks stay in hotel per year;

REAL Ref. 13169