1 Bedroom Condo for sale at Babylon Sky Garden

(2 Reviews)
Rawai, Phuket Town,Phuket
Unit ID: U1973407
7% GUAR. RETURN FOR 3 YEARS
Tenant-Occupied until Oct 31, 2025
1 Bedroom
1 Bathroom
57.40 SqM Size
4 Floor
Sep 2018 Completed

About This Condo

This property is a 57.40 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Rawai, Phuket and was completed in Sep 2018. You can buy this condo for a base price of £127,000 (£2,220/SqM).

Relax in Style

401 Babylon Sky Garden has evenything you need from a bolt-hole in the sun. 401 has one of the biggest balconies in the building, plenty of space for four to eat whilst 2 more adults lounge on the sun beds.The rooftop pool is just a few stairs (or elevator) away. Original paintings, very stylish furniture, including an accacia wood table for 4-6. Two large flat screen TV's, one in the lounge, one in the bedroom. The lounge also has a sofa-bed, what more could you ask for? With ceiling fans on the balcony and in each room, this beautiful apartment has a sea-view and feels like the perfect retreat. Not only is this a sound investment, it is producing an income from day one with the current tenants due leased until October 2025.I spent a year setting this place up in 2022, but now it's time for me to go home to the UK so I must let this lovely place go. The beach is a 10 minute walk even for an old man like me, 7-11's everywhere, Rawai beach has a very large number of great restaurants and bars but also has a sleepier, respectable vibe. A condo like this doesn't appear very often, act quickly!

Features

TerraceTerrace

Basic Information

Date Listed Nov 25, 2024
Updated 15 hours ago
Property Type Condo
Floor 4
Bedroom 1
Size 57.40 SqM
Price per SqM £2,220
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, 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) Sea View, Mountain View
Unit Type N/A
Building Babylon Sky Garden
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.
£120/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1973407

Investment Opportunity: Charges & Yield

Sale Price
£127,000
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.
£120/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.
15
Guaranteed Rental Return
7%
Guarantee Duration
3 Years

Project Details

Project Name: Babylon Sky Garden
Construction: Completed (Sep 2018)
Floors: 7
Buildings: 1
Units: 41
Project Area: 1,875 SqM
Nearest Landmark Rawai Beach - 0.8 Km
Location: Rawai, Phuket
Babylon Sky Garden Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Kids Pool Kids Pool
Communal Garden Area Communal Garden Area

Popular Facilities at Babylon Sky Garden

  • Communal Pool
    1st Floor
  • Communal Garden Area
    Rooftop

Available Units at Babylon Sky Garden

For Sale 4 For Rent 10
Get notified when new homes are being added to Babylon Sky Garden
View All (4)

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Frequently Asked Questions

No pets are allowed at Babylon Sky Garden 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 £2 per square meter based on the size of indoor area of the property and is £120 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 Babylon Sky Garden the required payment for the sinking fund is £14 per square meter based on the size of the indoor area of the property.
Babylon Sky Garden offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Rawai Beach is the nearest Beach from Babylon Sky Garden and it is 0.8 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 Babylon Sky Garden 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
£6,940
1st Installment
Signing of the purchase/lease agreement minus Reservation Fee (within 20 days after reservation)
95%
2nd Installment
After 3 months & transfer of ownership
5%

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

4.5 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A great time here!
Vickie Nguyen, United States, 4 years ago
We have a special time here. We lived on this project for about 2-weeks. It was the most memorable time. There is a new project and a spacious room. Inside, there is a complete set of equipment such as a microwave, hob, and hood. Also a free Wi-Fi service, the internet here is fast. From our room can see the sea view, and we often spend our evenings watching the sunset on the rooftop. There has a swimming pool, bar, and garden service as well. The sunset is stunning, and we are very impressed with the service of the staff. They are helpful, and the location of the project is also great. Close to Rawai beach within walking distance. And the neighborhood of the project is surrounded by community restaurants and convenience stores as well, very impressed
Suitable for investment
Emilly Lee, Singapore, 5 years ago
The condominium in a community area. Clean room well divided into proportions and decorated with fine furniture. There is a small kitchen corner suitable for cooking easy meals, and there is also a dining table for 2 seats. The condo unit on the upper floor and rooftop swimming pool offers a distant sea view. There is also a rental program suitable for investment. The downside of this project is on a community road with many local houses with dogs, and sometimes when you pass by, they will come out and chase you!!!!
Phuket
Rawai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Babylon Sky Garden

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
KA Villa Rawai
Location
Rawai, Phuket Town, Phuket
Number of units
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Sales Prices
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▲ 3% overpriced
Monthly Rentals
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Year Built
Mar 2018
Completion Status
Completed
Project Name
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Location
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Number of units
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Year Built
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Completion Status
Off Plan
Project Name
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Location
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Number of units
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Number of units
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Jan 2026
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Location
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Number of units
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Sales Prices
£100K - £528K
Monthly Rentals
N/A
Year Built
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Completion Status
Off Plan
Location
Rawai, Phuket Town, Phuket
Number of units
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Sales Prices
£81K - £413K
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Year Built
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Completion Status
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Project Name
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Location
Rawai, Phuket Town, Phuket
Number of units
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Sales Prices
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Monthly Rentals
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Year Built
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Completion Status
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Location
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Number of units
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Sales Prices
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▼ -7.5% underpriced
Monthly Rentals
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Year Built
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Completion Status
Completed
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