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    1 Bedroom Condo for sale at The Art At Patong
    Patong, Kathu,Phuket
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    Sale Price
    £61,300
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    1 Bedroom Condo for sale at The Art At Patong

     (Write Review)
    Patong, Kathu,Phuket
    Unit ID: U1957178
    8% Rental Yield
    Tenant-Occupied until May 12, 2025
    1 Bedroom
    1 Bathroom
    29 SqM Size
    6 Floor
    Feb 2011 Completed
     (Write Review)
    Sale Price
    £61,300
    23

    About This Condo

    This property is a 29 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 Feb 2011. You can buy this condo for a base price of £61,300 (£2,110/SqM) and it is also available for long term rentals starting from £416 per month.

    Features

    Pool AccessPool Access Covered ParkingCovered Parking BalconyBalcony Wifi IncludedWifi Included Washing MachineWashing Machine MicrowaveMicrowave TVTV Cable TVCable TV

    Basic Information

    Date Listed Oct 30, 2024
    Updated 1 day ago
    Property Type Condo
    Floor 6
    Bedroom 1
    Size 29 SqM
    Price per SqM £2,110
    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) City 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.
    N/A
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1957178

    Investment Opportunity: Charges & Yield

    Sale Price
    £61,300
    Rent
    £416/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.
    12
    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.
    8%

    Project Details

    Project Name: The Art At Patong
    Developer: N/A
    Construction: Completed (Feb 2011)
    Floors: N/A
    Buildings: N/A
    Units: 172
    Project Area: N/A
    Nearest Landmark Patong Beach - 0.7 Km
    Location: Patong, Phuket
    The Art At Patong Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area

    Available Units at The Art At Patong

    For Sale 5 For Rent 6
    • All
    • 1 Bed
    Get notified when new homes are being added to The Art At Patong
    View All (5)

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    Frequently Asked Questions

    No pets are allowed at The Art At Patong unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Patong Beach is the nearest Beach from The Art At Patong and it is 0.7 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 The Art At Patong 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

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    Phuket
    Patong

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