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    1 Bedroom Condo for sale at The Riviera Ocean Drive
    Nong Prue, Pattaya, Chon Buri
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    Sale Price
    £85,200
    Schedule Viewing

    1 Bedroom Condo for sale at The Riviera Ocean Drive

    (1 Review)
    Nong Prue, Pattaya, Chon Buri
    Unit ID: U1024830
    6% Rental Yield
    1 Bedroom
    1 Bathroom
    35.50 SqM Size
    5 Floor
    Dec 2022 Completed
    (1 Review)
    Sale Price
    £85,200
    6

    About This Condo

    This property is a 35.50 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Nong Prue, Pattaya and was completed in Dec 2022. You can buy this condo for a base price of £85,200 (£2,400/SqM).

    Features

    BalconyBalcony

    Basic Information

    Date Listed Aug 27, 2021
    Updated 3 years ago
    Property Type Condo
    Floor 5
    Bedroom 1
    Size 35.50 SqM
    Price per SqM £2,400
    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%.

    Thai 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
    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.
    £41/mo
    Listed By
    Private Owner
    Electricity Price Government Rate
    Water Price Government Rate
    Unit ID U1024830

    Investment Opportunity: Charges & Yield

    Sale Price
    £85,200
    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.
    £41/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.
    16
    Rental Yield
    This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at The Riviera Ocean Drive, and the current sales price.
    6%

    Project Details

    Project Name: The Riviera Ocean Drive
    Developer: The Riviera Group
    Construction: Completed (Dec 2022)
    Floors: 43
    Buildings: 1
    Units: 512
    Project Area: 4,300 SqM
    Nearest Landmark Jomtien Beach North - 0.5 Km
    Location: Nong Prue, Pattaya
    The Riviera Ocean Drive Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area
    Lounge Lounge
    Communal Garden Area Communal Garden Area
    Key card access Key card access

    Popular Facilities at The Riviera Ocean Drive

    • All
    • Leisure
    • Convenience
    6
    • Communal Pool
      21st Floor
    • Communal Garden Area
      21st Floor
    • Reception / Lobby Area
      1st Floor
    • Indoor Kids Zone
      1st Floor
    • Lounge
      Rooftop

    Available Units at The Riviera Ocean Drive

    For Sale 78 For Rent 8
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Available Units at The Riviera Ocean Drive
    £83,500
    £2,320/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 36 SqM Size
    Floor 21 Floor
    Fully Furnished City View
    Available Units at The Riviera Ocean Drive
    £294,000
    £3,980/SqM
    Beds 2 Beds
    Baths 2 Baths
    Size 74 SqM Size
    Floor 24 Floor
    Foreign Quota Fully Furnished
    Available Units at The Riviera Ocean Drive
    £112,000
    £3,630/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 31.01 SqM Size
    Floor 35 Floor
    Foreign Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £62,600
    £2,360/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 26.58 SqM Size
    Floor 21 Floor
    Fully Furnished Pool View
    Updated 6 days ago
    Available Units at The Riviera Ocean Drive
    £63,800
    £2,400/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 26.58 SqM Size
    Floor 21 Floor
    Thai Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £74,200
    £2,360/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 31.47 SqM Size
    Floor 21 Floor
    Thai Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £74,200
    £2,430/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 30.50 SqM Size
    Floor 11 Floor
    Company Fully Furnished Partial Sea View
    Updated 2 weeks ago
    Available Units at The Riviera Ocean Drive
    £160,000
    £3,690/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 43.40 SqM Size
    Floor 32 Floor
    Foreign Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £64,700
    £2,430/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 26.58 SqM Size
    Floor 7 Floor
    Thai Quota Fully Furnished City View
    Updated 1 month ago
    Available Units at The Riviera Ocean Drive
    £146,000
    £3,320/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 44 SqM Size
    Floor 10 Floor
    Foreign Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £102,000
    £3,360/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 30.26 SqM Size
    Floor 11 Floor
    Foreign Quota Fully Furnished City View
    Updated 1 month ago
    Available Units at The Riviera Ocean Drive
    £83,200
    £3,200/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 26 SqM Size
    Floor 35 Floor
    Foreign Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £81,200
    £3,010/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 27 SqM Size
    Floor 22 Floor
    Thai Quota Fully Furnished Partial Sea View
    Available Units at The Riviera Ocean Drive
    £70,200
    £2,600/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 27.04 SqM Size
    Floor 6 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Riviera Ocean Drive
    £84,600
    £3,280/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 25.83 SqM Size
    Floor 32 Floor
    Thai Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £78,800
    £2,540/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 31 SqM Size
    Floor 19 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Riviera Ocean Drive
    £165,000
    £3,830/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 43 SqM Size
    Floor 35 Floor
    Foreign Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £153,000
    £3,480/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 44 SqM Size
    Floor 18 Floor
    Foreign Quota Partly Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £114,000
    £3,700/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 30.70 SqM Size
    Floor 39 Floor
    Foreign Quota Unfurnished Sea View
    Available Units at The Riviera Ocean Drive
    £74,200
    £2,400/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 30.97 SqM Size
    Floor 7 Floor
    Thai Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £122,000
    £3,050/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 40 SqM Size
    Floor 23 Floor
    Thai Quota Fully Furnished Mountain View
    Available Units at The Riviera Ocean Drive
    £122,000
    £3,050/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 40 SqM Size
    Floor 24 Floor
    Thai Quota Partly Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £132,000
    £3,000/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 44 SqM Size
    Floor 18 Floor
    Thai Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £71,000
    £2,300/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 30.95 SqM Size
    Floor 5 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Riviera Ocean Drive
    £124,000
    £3,170/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 39 SqM Size
    Floor 27 Floor
    Thai Quota Fully Furnished Partial Sea View
    Available Units at The Riviera Ocean Drive
    £177,000
    £4,030/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 44 SqM Size
    Floor 33 Floor
    Foreign Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £177,000
    £4,030/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 44 SqM Size
    Floor 32 Floor
    Foreign Quota Partly Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £66,100£70,400
    £2,130/SqM
    Great Price
    Beds 1 Beds
    Baths 1 Baths
    Size 31 SqM Size
    Floor 15 Floor
    Thai Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £88,100
    £3,260/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 27 SqM Size
    Floor 14 Floor
    Thai Quota Fully Furnished Sea View
    Available Units at The Riviera Ocean Drive
    £95,100
    £2,680/SqM
    Great Price
    Beds 1 Beds
    Baths 1 Baths
    Size 35.50 SqM Size
    Floor 22 Floor
    Thai Quota Fully Furnished Sea View
    Get notified when new homes are being added to The Riviera Ocean Drive
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    Frequently Asked Questions

    No pets are allowed at The Riviera Ocean Drive 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 £41 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 The Riviera Ocean Drive the required payment for the sinking fund is £12 per square meter based on the size of the indoor area of the property.
    Jomtien Beach North is the nearest Beach from The Riviera Ocean Drive and it is 0.5 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 The Riviera Ocean Drive 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
    £2,320
    1st Installment
    Upon reservation agreement signing
    15%
    2nd Installment
    installments 2 month
    20%
    3rd Installment
    On completion
    65%
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £1,160
    1st Installment
    Upon reservation agreement signing
    15%
    2nd Installment
    Installments 2 month
    20%
    3rd Installment
    On completion
    65%
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £2,320
    1st Installment
    Upon contract signing
    35%
    2nd Installment
    Installments 2 month
    15%
    3rd Installment
    On handover
    50%
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £1,160
    1st Installment
    Upon contract signing
    35%
    2nd Installment
    installments 2 month
    15%
    3rd Installment
    On handover
    50%

    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 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    New condo close to Jomtien Beach, worth investment
    Prasit E., Thailand, 4 years ago
    I have booked this condo for 1 unit- 2 bedrooms with fully furnished. It saves my time decorating a lot. I've planned to rent it out shortly. The reason I chose this condo is because it is a new condominium project and outstanding. There will be many tourists visiting Pattaya in the future. No high-rise buildings are surrounding the project to commune with the Jomtien Beach view nicely from every unit, and it's considered the selling points of this project. There is also a full range of facilities such as a communal pool, jacuzzi, and a communal gym located on the 21 and 22 floors facing directly to the sea. Besides, I can relax comfortably on the 43rd floor. The highest floor will be an entertainment zone and an on-site restaurant where we can have leisure time in the evening. I think the 43rd floor will be the project highlight when it is completed. I'm the one who will be on that floor. I will also invest in this project because it is a popular and quality property from The Riviera Group. It is such a masterpiece. I believe in this project because of the construction building standard, and I think I won't be disappointed anymore.
    Pattaya
    Nong Prue

    Neighborhood Overview

    Location and Neighborhood

    Street View

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