7 Bedroom Apartment for sale at BLUE OCEAN VIEW Ltd

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Patong, Kathu,Phuket
Unit ID: U75455
6% Rental Yield
7 Bedrooms
7 Bathrooms
700 SqM Size
4 Floor
May 2006 Completed

About This Apartment

This property is a 700 SqM apartment with 7 bedrooms and 7 bathrooms that is available for sale. It is part of the BLUE OCEAN VIEW Ltd project in Patong, Phuket and was completed in May 2006. You can buy this apartment for a base price of ฿26,000,000 (฿37,143/SqM) and it is also available for long term rentals starting from ฿130,000 per month.

This 4-story building for sale is located in a prime location of Patong, ideal for investing in multi-purposes, including running businesses, shops, and others. It features 7 bedrooms with 7 bathrooms in a usable area of 700 square meters. Although the building is located in a small alley, it is easily accessible to many destinations and surrounded by many amenities of Patong Beach, such as shopping malls, restaurants, convenience stores, cafes, temples, hospitals, etc.

Features

Covered ParkingCovered Parking Corner UnitCorner Unit Maids QuartersMaids Quarters BalconyBalcony Wifi IncludedWifi Included Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Oct 9, 2019
Updated 4 years ago
Property Type Apartment
Floor 4
Bedrooms 7
Size 700 SqM
Price per SqM ฿37,143
Pets Cats Only
Apartment 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%.

Company
Furniture
Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
Negotiable
View(s) Sea View, Mountain View, Partial Sea View, Park View, City 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U75455

Investment Opportunity: Charges & Yield

Sale Price
฿26,000,000
Rent
฿130,000/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.
17
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
6%

Project Details

Project Name: BLUE OCEAN VIEW Ltd
Developer: N/A
Construction: Completed (May 2006)
Floors: 0
Buildings: N/A
Units: 1
Project Area: N/A
Nearest Landmark N/A
Location: Patong, Phuket
BLUE OCEAN VIEW Ltd Project Details

Project Features

Car Parking Car Parking

Loan Calculator

Frequently Asked Questions

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 BLUE OCEAN VIEW Ltd 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
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Phuket
Patong

Neighborhood Overview

Location and Neighborhood

Street View

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