1 Bedroom Condo for sale at The Unique at Nimman

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Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U61158
6% Rental Yield
1 Bedroom
1 Bathroom
57.17 SqM Size
7 Floor
Jan 2014 Completed

About This Condo

This property is a 57.17 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Unique at Nimman project in Suthep, Chiang Mai and was completed in Jan 2014. You can buy this condo for a base price of ฿4,500,000 (฿78,713/SqM).

Welcome to Luxurious Living: The Unique at Nimman

Introducing The Unique at Nimman: an extraordinary condo that is sure to make living in Chiang Mai a dream experience.This 57.17 sqm property is a one-bedroom, one-bathroom condo that is now available for sale. It is a part of a revolutionary project that will be a new benchmark in the city of Chiang Mai. Completed in January 2014, this property presents the perfect place to call home, allowing you to experience the comfort of modern living without compromising on style.Situated in the vibrant neighbourhood of Suthep, The Unique at Nimman offers many highly sought-after amenities including luxury, convenient and contemporary facilities. Not only that, it is located close to shops, entertainment venues and parks, making it an ideal home for those looking to explore everything the city has to offer.This condo is an incredible opportunity for those seeking to invest in one of the most desirable addresses in Chiang Mai. Boasting a base price of ฿4,500,000 (฿78,713/SqM), this is an exclusive deal that you don't want to miss.Live a life filled with luxurious convenience and comforting modern style by making The Unique at Nimman your home. It is a wonderful opportunity to experience the very best of Chiang Mai in a luxurious way. Don't hesitate to enquire about The Unique at Nimman; you won't regret it. Experience the finest offerings of the city's lifestyle and in no time, you'll see why so many are making it a part of their lives.

Features

BalconyBalcony

Basic Information

Date Listed Jan 11, 2018
Updated 4 months ago
Property Type Condo
Floor 7
Bedroom 1
Size 57.17 SqM
Price per SqM ฿78,713
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Foreign Quota
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Mountain View
Unit Type N/A
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿2,001/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U61158

Price Analysis

Great Price
Estimated market value ฿5,524,253
Great
฿3,050,000
Good
Fair
Above
฿7,530,000
Current asking Price: ฿4,500,000 | Rental estimate: ฿23,900/mo
This condo is ฿1,024,253 BELOW MARKET (-19%) in the Chiang Mai area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿2,001/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
16
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at The Unique at Nimman, and the current sales price.
6%

Project Details

Project Name: The Unique at Nimman
Construction: Completed (Jan 2014)
Floors: 8
Buildings: 1
Units: 75
Project Area: 1,600 SqM
Nearest Landmark Maya Lifestyle Shopping Center - 0.5 Km
Location: Suthep, Chiang Mai
The Unique at Nimman Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Reception / Lobby Area Reception / Lobby Area
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at The Unique at Nimman

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
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Available Units at The Unique at Nimman

For Sale 5 For Rent 1
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Frequently Asked Questions

No pets are allowed at The Unique at Nimman unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿35 per square meter based on the size of indoor area of the property and is ฿2,001 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At The Unique at Nimman the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from The Unique at Nimman and it is 0.5 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at The Unique at Nimman you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
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FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
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Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Unique at Nimman

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
103 Condo Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
100
Sales Prices
฿2.89M
Monthly Rentals
N/A
Year Built
May 1970
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
72
Sales Prices
฿4.3M - ฿17M
▼ -30% underpriced
Monthly Rentals
฿28K
Year Built
Jan 2014
Completion Status
Completed
Project Name
The Nimmana Condo
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
350
Sales Prices
฿3.6M - ฿12.5M
▼ -0.1% underpriced
Monthly Rentals
฿18K - ฿50K
Year Built
Mar 2015
Completion Status
Completed
Project Name
Liv@Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
฿4.69M - ฿5M
Monthly Rentals
฿25K
Year Built
Sep 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿3.4M - ฿15M
Monthly Rentals
฿42K - ฿50K
Year Built
Nov 2009
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿5.6M - ฿6M
▼ -22.5% underpriced
Monthly Rentals
฿22K - ฿23K
Year Built
Nov 2010
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
370
Sales Prices
฿1.8M - ฿24M
▼ -33% underpriced
Monthly Rentals
฿8K - ฿90K
Year Built
Dec 2009
Completion Status
Completed
Project Name
Play Condominium
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
65
Sales Prices
฿3.75M - ฿12.2M
▲ 23.5% overpriced
Monthly Rentals
฿18K - ฿22K
Year Built
Apr 2016
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.19M - ฿3.9M
Monthly Rentals
N/A
Year Built
Aug 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
150
Sales Prices
฿1.5M - ฿3.49M
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
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