Grand Hillside Apartments Chiang Mai

Description

Grand Hillside will be the only 5-star hotel complex in Chiang Mai, and with new height restrictions introduced it will be the tallest in the city, ensuring panoramic views – the best in the city. Located within 5 minutes walk to the heart of Chiang Mai and only a 15 minute journey from the airport, the complex is ideal for both business travel and tourism. With a guaranteed rental income of 10% for three years and 70% LTV financing from Bangkok Bank, Grand Hillside offers an investment with high rental potential for the future.

Location

The strengthening of Chiang Mai’s links with China and the world of international business suggest that the future of the area is bright. Chiang Mai is located approximately 700kms north of Bangkok and 250kms south of the border with Myanmar. Grand Hillside is positioned at the heart of Chiang Mai within easy reach of the key shopping centres and historical sites of the old town. Chiang Mai International Airport is only a 15 minute drive from the complex. There are frequent flights (average 30 per day) from Bangkok, and prices are low, with flights costing as little as £15 each way.

Apartments

The complex consists of 305 apartment suites, each fully furnished and fitted to a luxury standard with electrical appliances and comes with a private parking space.

Amenities

Sculpted rooftop swimming pool and spa centre
International, Japanese and Thai restaurants plus a café and patisserie
Business and function centre with ballroom and meeting rooms
Private underground car parking
24-hour front desk reception and security service
Laundry and maid service

Taxes

6.3% Thai government transfer tax (paid on condo title deed transfer, based on 60% of the purchase price)
7% VAT (paid on condo title deed transfer, based on 40% of purchase price)

Payment Schedule

• £2,500 reservation fee
• 20% within 15 days (less £2000 reservation fee)
• Remainder in August 2006
• Completion of building March 2006
• Grand opening October 2006