Astute investors are offered the opportunity to own a part of this outstanding development which will operate as a 4+ star hotel when completed in 2013. No matter if your investment is for return or lifestyle an investment in the Charm Residence is a sound choice.
This superb beachside location will allow owners (and guests of the hotel) to relax and enjoy the beach which is practically at your door. The hotel is situated close to the vibrant nightlife, the vast range of restaurants, Jungceylon shopping Centre and the local markets of Patong.
The development comprises of 246 units (Studio and One Bedroom) built in 4 interconnected buildings, surrounded by lagoon swimming pool. Ground floor units will have access to the pool via their terrace. The buildings are modern and stylishly designed; glass has been used extensively to allow natural light to fill the units and sliding doors are used on the balconies and terraces to allow the natural breeze. Each of the 4 buildings will have its own passenger elevator.
The generously sized studio units will be stylishly finished with modern décor. Each unit will have Wi-Fi internet access, kitchenette, separate bathroom, private balcony or terrace, individual air conditioning controls and high quality fittings, furnishings and equipment. 39 of the units will be duplex suites which will include a separate lounge and an upper level balcony where the Jacuzzi will be located.
For the safety of the residents and guests access will be operated via a key card access system and the entire building will have security 24 hours a day. Along with the reception, there will be an indoor/outdoor restaurant located on the ground floor and a business centre and fully equipped fitness room on the level above. Underground car parking will be provided.
Upon completion the development will be operated as a 4+ star hotel by professional hospitality management company. Owners will receive rental returns based on rental programs operated by the developer through the hotel operation. The returns will be guaranteed at a minimum of 5% per annum for 3 years, or non-guaranteed, in which case the return will be based on the profi t of the hotel. All owners will enjoy generous own usage allowances under the rental programs. The maintenance of the units will be carried out by the hotel operator for those owners who enter the rental programs.
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