Nova Legend5 Star Amari Residence
The Nova Group were established in 1994 and are a complete success story.
In over 20 years in business based in Pattaya, Thailand, Nova Group have completed over 10 condominium projects and also successfully built a selection of hotels.
Some are managed by Nova Group themselves whilst others are managed by the likes of Holiday Inn, Amari, and Centara.
Our Emerging Trends Advisors lawyers have conducted a full and satisfactory due diligence report on Nova Group and the companies associated updated in October 2016.
The brand new Nova Legend – 5 Star Amari Residence is located in the Cozy Beach area of Pattaya’s most sought after location – Pratumnak hill.
The building is a high rise development with a total of 30 floors, with the upper half consisting only of residential residences and the lower 15 floors being rented out and fully managed by Amari Hotel & Resorts.
In order to meet the Amari’s strict standards this building has been built with no expense spared and finished to the highest quality. There is a large open Lobby area with Deli Cafe. On the mezzanine floor there is a full size restaurant and a fitness centre that overlooks the beautiful swimming pool with sunbathing relaxation area.
The building has underground car parking, CCTV and is manned 24hrs with high-grade security personnel.
The offer is simple. You purchase a completed freehold property that is already being managed by Amari Hotel & Resorts.
This unit then continues to operate under their management for a further 10 year period. This offer comes with a fixed return of 5% per year for the initial 5 years and is backed up by Nova Group. Thereafter in the next 5 year period, the unit joins into the agreement between Nova Group and Amari where by investment returns are shared from the net operating profit.
Going by Amari’s forecasts you can expect between 6-8% returns from year 6 to year 10.
Proven developer track record stretching back to 1994
Full due diligence satisfactorily completed
Investment secured against property
10 years assured rental schedule
5% fixed returns for the inital 5 years
Increasing returns forecast after the initial 5 years
Property managed and maintained by Amari Hotel & Resorts – a 5 star Hotel Brand
Sought after location
Investments start at 3,500,000 THB (approximately $100k, €95k, £80k)