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    1 Bedroom Condo for sale at Ocean Portofino
    Na Chom Thian, Pattaya, Chon Buri
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    Sale Price
    £285,000
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    1 Bedroom Condo for sale at Ocean Portofino

     (Write Review)
    Na Chom Thian, Pattaya, Chon Buri
    Unit ID: U633556
    4% Rental Yield
    1 Bedroom
    2 Bathrooms
    89 SqM Size
    4 Floor
    May 2009 Completed
     (Write Review)
    Sale Price
    £285,000
    Great Price Great Price
    6

    About This Condo

    This property is a 89 SqM condo with 1 bedroom and 2 bathrooms that is available for sale. It is part of the project in Na Chom Thian, Pattaya and was completed in May 2009. You can buy this condo for a base price of £285,000 (£3,200/SqM) and it is also available for long term rentals starting from £866 per month.

    Modern ,Spacious, Fully Renovated Unit At Ocean PortoFino

    This modern 90sqm 1 bed, 2 bath condo is a 4th floor unit in foreign ownership and offers great sea views as well as views over the Marina. A lower floor in this location is actually beneficial with a commanding view of the yachts as well as verdant trees , lawns and landscape filled with beautiful bird calls. The sense of nature is spectacular ! The condo has floor to ceiling windows and is decorated to a high standard. From the dining area to the lounge , on one wall are built-in floor to ceiling cabinets offering a great amount of storage and recessed space for the TV, fitted in is a large LED flat-screen smart TV. The lounge, dining, and kitchen area is all open plan, the lounge area has a 2 seater sofa along with a daybed sofa by the window ( which can double up as a second bedroom / sleeping space as it measures a sprawling 4ft x 10 ft). An office desk is near at hand. The dining area has a table with 4 Italian chairs and the kitchen comes equipped with a 4 ring electric cooking hob with an extractor fan and a 2 door refrigerator. The bedroom has a king-size bed and an en-suite bathroom with a walk-in rain shower and a bathtub. Both bedroom and masterbath are enormous. For the wall connecting the bathroom to the bedroom, there is a large glass window looking into the bedroom and also there is a balcony leading directly off from the bedroom so you can even get a sea view while taking a bath. The condo also has a separate guest toilet. The development is called Ocean Portofino, it’s a high rise luxury condominium with unique marina frontage. The Ocean Marina Yacht Club is the biggest marina in South East Asia. The development was built around 2007 and has 36 floors with a total of 268 units spread over an area of 32,000 sqm. The facilities include a concierge counter, swimming pool, separate male and female steam rooms, hotel service from Ocean Marina Yacht Club, private lobby, landscaped gardens, fitness room, children’s playground, BBQ area, Wi-Fi internet in the public area, CCTV, 24-hour security and keycard entry. Between this development and the Ocean Marina condominium development, next door is also a large lagoon lake. The development is right by the now operational Sukhumvit motorway highway straight from Bangkok so there’s easy point to point access without having to go via Pattaya. Central Pattaya is around 20-25 minutes away and this location is close enough to the much anticipated Eastern Economic Corridor. A MUST VIEW.

    Features

    Corner UnitCorner Unit BalconyBalcony Wifi IncludedWifi Included Full Western KitchenFull Western Kitchen Fully RenovatedFully Renovated Renovated KitchenRenovated Kitchen Renovated BathroomRenovated Bathroom Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV Cable TVCable TV TruevisionTruevision

    Basic Information

    Date Listed Mar 7, 2023
    Updated 2 months ago
    Property Type Condo
    Floor 4
    Bedroom 1
    Size 89 SqM
    Price per SqM £3,200
    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) Sea View, Unblocked Open 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.
    £61/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U633556

    Investment Opportunity: Charges & Yield

    Sale Price
    £285,000
    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.
    £61/mo
    Rent
    £866/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.
    27
    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.
    4%

    Project Details

    Project Name: Ocean Portofino
    Developer: Ocean Property
    Construction: Completed (May 2009)
    Floors: 36
    Buildings: 1
    Units: 268
    Project Area: 4,000 SqM
    Nearest Landmark Na Jomtien Beach South - 2.7 Km
    Location: Na Chom Thian, Pattaya
    Ocean Portofino Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Steam Room Steam Room
    Direct Beach Access Direct Beach Access
    Reception / Lobby Area Reception / Lobby Area
    BBQ Area BBQ Area
    Communal Garden Area Communal Garden Area
    Key card access Key card access

    Popular Facilities at Ocean Portofino

    • All
    • Leisure
    3
    • Communal Pool
      Ground Floor
    • Communal Garden Area
      1st Floor

    Available Units at Ocean Portofino

    For Sale 3 For Rent 5
    • All
    • 1 Bed
    Get notified when new homes are being added to Ocean Portofino
    View All (3)

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    Frequently Asked Questions

    No pets are allowed at Ocean Portofino 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 £1 per square meter based on the size of indoor area of the property and is £61 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 Ocean Portofino the required payment for the sinking fund is £11 per square meter based on the size of the indoor area of the property.
    Na Jomtien Beach South is the nearest Beach from Ocean Portofino and it is 2.7 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 Ocean Portofino 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
    £2,280
    1st Installment
    Upon contract signing
    20%
    2nd Installment
    On handover
    80%

    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

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    Pattaya
    Na Chom Thian

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