1 Bedroom Condo for sale at The Unique at Nimman 2

(1 Review)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U1183218
7% Rental Yield
Tenant-Occupied until May 7, 2025
1 Bedroom
1 Bathroom
48 SqM Size
6 Floor
Jan 2014 Completed

About This Condo

This property is a 48 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Jan 2014. You can buy this condo for a base price of £112,000 (£2,340/SqM) and it is also available for long term rentals starting from £642 per month.

Features

BalconyBalcony Wifi IncludedWifi Included Washing MachineWashing Machine MicrowaveMicrowave TVTV

Basic Information

Date Listed Dec 22, 2022
Updated 2 weeks ago
Property Type Condo
Floor 6
Bedroom 1
Size 48 SqM
Price per SqM £2,340
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, 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) Mountain View, City View
Unit Type N/A
Building The Unique at Nimman 2
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.
£50/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1183218

Investment Opportunity: Charges & Yield

Sale Price
£112,000
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.
£50/mo
Rent
£642/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
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.
7%

Project Details

Project Name: The Unique at Nimman 2
Construction: Completed (Jan 2014)
Floors: 8
Buildings: 1
Units: 72
Project Area: 995 SqM
Nearest Landmark Han Teung Chiang Mai ( @Chiang Mai ) - 0.2 Km
Location: Suthep, Chiang Mai
The Unique at Nimman 2 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
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at The Unique at Nimman 2

  • Communal Pool
    2nd Floor
  • Communal Gym
    2nd Floor

Available Units at The Unique at Nimman 2

For Sale 7 For Rent 2
Get notified when new homes are being added to The Unique at Nimman 2
View All (7)

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Frequently Asked Questions

No pets are allowed at The Unique at Nimman 2 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 ฿45 per square meter based on the size of indoor area of the property and is ฿2,160 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 Unique at Nimman 2 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Han Teung Chiang Mai ( @Chiang Mai ) is the nearest Neighborhood from The Unique at Nimman 2 and it is 0.2 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 Unique at Nimman 2 you have to follow these steps:

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

 


Untitle
Installment Milestone Payment
Reservation Deposit
Immediately
£1,150
1st Installment
Upon contract signing
£4,580
2nd Installment
On handover
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

4.8 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Beautiful condo
Oliver Hascher, Germany, 6 years ago
The condo is beautifully designed, which I like very much. Also, the location is perfect as it’s to Chiang Mai Night Bazaar, and CentralPlaza Chiang Mai Airport, and Chiang Mai International Airport. Plus, there are complete facilities in the common area, including a swimming pool, fitness center, elevator access control, and 24h security system, which makes me feel at ease. Most importantly, there are only a few units, making it so private. Unfortunately, there are only two types of rooms here: 1 bedroom and 2 bedrooms, not suitable for a big family.
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Unique at Nimman 2

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
103 Condo Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
100
Sales Prices
£61.8K
Monthly Rentals
N/A
Year Built
May 1970
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
75
Sales Prices
£79.3K - £156K
▼ -22.7% underpriced
Monthly Rentals
£299 - £1.03K
Year Built
Jan 2014
Completion Status
Completed
Project Name
Liv@Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
£108K - £310K
Monthly Rentals
N/A
Year Built
Sep 2014
Completion Status
Completed
Project Name
The Nimmana Condo
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
350
Sales Prices
£82.7K - £287K
▼ -3.3% underpriced
Monthly Rentals
£414 - £1.15K
Year Built
Mar 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
£78.1K - £345K
Monthly Rentals
£1.15K
Year Built
Nov 2009
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
£74.4K - £138K
▼ -11% underpriced
Monthly Rentals
£460 - £552
Year Built
Nov 2010
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
228
Sales Prices
£43.4K
Monthly Rentals
£322
Year Built
Apr 2007
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
370
Sales Prices
£43.2K - £526K
▼ -35% underpriced
Monthly Rentals
£299 - £804
Year Built
Dec 2009
Completion Status
Completed
Project Name
Play Condominium
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
65
Sales Prices
£68.7K - £280K
▲ 20% overpriced
Monthly Rentals
£414 - £540
Year Built
Apr 2016
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
£74.7K - £75.2K
Monthly Rentals
£345
Year Built
Aug 2015
Completion Status
Completed
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