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    1 Bedroom Condo for sale at Aristo Condo Patong
    Patong, Kathu,Phuket
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    Sale Price
    £158,000
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    1 Bedroom Condo for sale at Aristo Condo Patong

    (4 Reviews)
    Patong, Kathu,Phuket
    Unit ID: U170404
    8% GUAR. RETURN FOR 5 YEARS
    1 Bedroom
    1 Bathroom
    46.48 SqM Size
    1 Floor
    Jul 2019 Completed
    (4 Reviews)
    Sale Price
    £158,000
    14

    About This Condo

    This property is a 46.48 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Patong, Phuket and was completed in Jul 2019. You can buy this condo for a base price of £158,000 (£3,400/SqM).

    Welcome to a Luxurious Patong Condo - Make it Yours!

    Are you looking for a new condo in an up-and-coming neighborhood? What could be better than this one bedroom, one bathroom condo located in the Aristo Condo Patong project in vibrant Patong? It's an amazing 46.48 sqm - that's a generous amount of space for anyone who wants the convenience of condo living. This particular condo is pretty special. Built in 2019, everything is modern and up to date. It also benefits from being in one of Thailand's most popular tourist destinations, perfect for anyone looking for an investment property. Patong is well known for its stunning beaches and abundance of shops, restaurants and attractions. You'll also find plenty of entertainment, from movie theaters to lively night markets. This condo could be yours for just ฿6,824,048 (฿146,817/SqM), so why wait? It's the perfect opportunity to start a life in paradise - or enjoy a second home in the sun. Make the most of this fantastic opportunity and find out more by getting in touch today. We look forward to hearing from you!

    Features

    Private GardenPrivate Garden TerraceTerrace

    Basic Information

    Date Listed Aug 29, 2019
    Updated 4 years ago
    Property Type Condo
    Floor 1
    Bedroom 1
    Size 46.48 SqM
    Price per SqM £3,400
    Pets N/A
    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%.

    Leasehold
    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) Garden View
    Unit Type D2
    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.
    £65/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U170404

    Investment Opportunity: Charges & Yield

    Sale Price
    £158,000
    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.
    £65/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.
    13
    Guaranteed Rental Return
    8%
    Guarantee Duration
    5 Years

    Project Details

    Project Name: Aristo Condo Patong
    Developer: The Aristo Group Company
    Construction: Completed (Jul 2019)
    Floors: 2
    Buildings: N/A
    Units: 122
    Project Area: N/A
    Nearest Landmark Patong Beach - 2.5 Km
    Location: Patong, Phuket
    Aristo Condo Patong Project Details

    Project Features

    Hotel Managed Hotel Managed
    On Site Restaurant On Site Restaurant
    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Bar Bar
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Spa Spa
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area

    Available Units at Aristo Condo Patong

    • All
    • 1 Bed
    Get notified when new homes are being added to Aristo Condo Patong
    View All (4)

    Loan Calculator

    Payment Plan

    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £4,640
    1st Installment
    21 days after contract signing
    100%

    Frequently Asked Questions

    The common area maintenance fee is £1 per square meter based on the size of indoor area of the property and is £65 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 Aristo Condo Patong the required payment for the sinking fund is £14 per square meter based on the size of the indoor area of the property.
    Aristo Condo Patong offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 5 Years.
    Read more here.
    Patong Beach is the nearest Beach from Aristo Condo Patong and it is 2.5 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 Aristo Condo Patong you have to follow these steps:

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

     


    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £4,640
    1st Installment
    21 days after contract signing
    100%

    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

    Reviews

    4.7 out of 5
    Based on
    4 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Gorgeous in vintage style
    Soohyun Song, South Korea, 4 years ago
    The project has millionaire views! It's a stunning view overlooking Patong bay. There are complete facilities such as a swimming pool, restaurant, shuttle bus, pick-up and drop-off spot, and parking. The room is decorated in a vintage style, which is really beautiful and has an excellent contemporary feeling. The staff gave good services, delicious food at very affordable prices. The guests are both foreigners and Thai residents. The location is perfect. Not busy and not far to Patong beach, only 5 minutes by car. For travelers, I recommend grabbing a taxi because the road uphill is quite dangerous.
    Vintage style room
    Coral Thibodeau, Mexico, 5 years ago
    I'm telling you, there's no word but beautiful! I bought a 1 bedroom condo, decorated in a vintage style, giving a sense of sweetness and warmth. The condo atmosphere is pleasant. I love the pool here because it is on the rooftop, overlooking a beautiful sea and mountain views. There are also sunbeds in the pool area and pavilions for relaxing in the middle of the pool. As for the service, the staff serves an excellent service and provides a secured security system, which is very private.
    Beautiful and luxury project
    Paul Mc, United States, 5 years ago
    A beautiful project located on Patong Hill. The view from the actual site is more beautiful than the pictures. Traveling to Patong Beach takes only 5 mins. Actually, I look at this project for investment. It is interesting because the project can guarantee a high return. The unit is a 1-bedroom type with a full set of good quality furniture and a pool view. There is a communal swimming pool, a restaurant, parking space, and a security guard for 24 hours. The only problem is that the access road is a bit dangerous.
    My vacation home in Patong
    Stella Walker, Australia, 5 years ago
    The condo is beautifully and luxuriously designed. I like the interior of my 1-bedroom unit here very much. The furniture is fine. Another favorite thing would be the view from the swimming pool and the project's sala overlooking the ocean view. The atmosphere is perfect too, so I decided to buy one for my vacation home in Patong that can be reached in 5 minutes.
    Phuket
    Patong

    Neighborhood Overview

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