2 Bedroom Condo for sale at Patong Condotel

(1 Review)
Patong, Kathu,Phuket
Unit ID: U1898725
5% Rental Yield
2 Bedrooms
2 Bathrooms
64 SqM Size
9 Floor
Jan 1991 Completed

About This Condo

This property is a 64 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Patong Condotel project in Patong, Phuket and was completed in Jan 1991. You can buy this condo for a base price of ฿4,799,000 (฿74,984/SqM).

2 separate units sold as 1 condo! Rent 1 and live in 2nd!!!!

Two separate 1 bed units being sold as 1 condo. Located on top floor (9th floor). Each unit has its own bedroom, bathroom, kitchen and entrance from the hallway. Building has 2 elevators. You can rent 1 unit and live in another or rent them both separetly or just enjoy them both as a one large condo. Options are endless. On the ground floor, there is a doctor's surgery, massage shop, laundry services, German/Austrian restaurant, Thai restaurant and much more! Only few hundred meters from Patong Beach, Bangla Road, shopping centres such as Central and Jungcylon. This condo is recently painted and partially refurbished. Condo is a Foreign Freehold. Owner can finance 50% of the sale price. This condo is sold by owner directly. Agents welcome.

Features

Covered ParkingCovered Parking

Basic Information

Date Listed Jul 20, 2024
Updated 5 months ago
Property Type Condo
Floor 9
Bedrooms 2
Size 64 SqM
Price per SqM ฿74,984
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no 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 it 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, Partial Sea View, Unblocked Open View, Sky, Horizon 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.
฿500/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1898725

Investment Opportunity: Charges & Yield

Sale Price
฿4,799,000
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.
฿500/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.
22
Rental Yield
This is the gross rental yield. To calculate this figure we use the current tenant’s monthly rent rate and the current sales price.
5%

Project Details

Project Name: Patong Condotel
Developer: N/A
Construction: Completed (Jan 1991)
Floors: 9
Buildings: N/A
Units: 126
Project Area: N/A
Nearest Landmark: Patong Beach - 0.6 Km
Location: Patong, Phuket
Patong Condotel Project Details

Project Features

On Site Restaurant On Site Restaurant
Bar Bar
24H Security 24H Security
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Patong Condotel

Loan Calculator

Choose Your Path to Ownership

Available flexible payment options for this property

Rent-to-Own

Rent-to-Own

Feeling stuck? Try before you buy

Rent +20% • 2 years • Option to buy
  • Move in immediately and test the property
  • Every baht builds your deposit
  • Lock in today's price
Example
On a ฿4.8M property
฿33,593/month
builds a ฿806.23K down payment
This financing option is not available for this property
Learn More
Seller Financing

Seller Financing

Need help? Buy now, pay later

30% down • 5% interest • 5 years
  • Lower rates than traditional banks
  • Flexible approval with seller
  • Property secured at today's price
On a ฿4.8M property
฿63,394/month
after ฿1.44M down payment
This financing option is not available for this property
Learn More
Gap Loan

Gap Loan

Almost there? Bridge the gap

70% down • 4% interest • 2 years
  • Close quickly with most funds ready
  • Finance only the gap you need
  • Short 2-year repayment
On a ฿4.8M property
฿62,519/month
after ฿3.36M down payment
Learn More

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Frequently Asked Questions

No pets are allowed at Patong Condotel 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 for properties at Patong Condotel is a fixed amount of £11. This amount 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.
Patong Beach is the nearest Beach from Patong Condotel and it is 0.6 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.

After you have found the right property at Patong Condotel you have to follow these steps:

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


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.

Reviews

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
Condominium located near Patong Beach and surrounded by amenities
Prayoon J., Thailand, 6 years ago
I rented a studio room in this condo when I was working in one of the hotels in Patong beach. The room comes with a kitchen, living room which is perfectly designed for 1-2 persons. There are also excellent facilities such as a swimming pool and fitness center. In addition, the condo also provides large parking spaces and security services. Such a perfect location! Close to many facilities such as Patong Hospital, Jungceylon, Central Patong, local restaurants, pharmacies, and Soi Bangla. The rental fee is reasonable and convenient transportation. Recommended!!!
Phuket
Patong

Neighborhood Overview

Location and Neighborhood

Street View

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