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    1 Bedroom Condo for sale at The Unique at Nimman 2
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £148,000
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    1 Bedroom Condo for sale at The Unique at Nimman 2

    (1 Review)
    Suthep, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1960204
    6% Rental Yield
    1 Bedroom
    1 Bathroom
    70 SqM Size
    1 Floor
    Jan 2014 Completed
    (1 Review)
    Sale Price
    £148,000
    14

    About This Condo

    This property is a 70 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 £148,000 (£2,120/SqM) and it is also available for long term rentals starting from £685 per month.

    Features

    Pool AccessPool Access Washing MachineWashing Machine MicrowaveMicrowave TVTV

    Basic Information

    Date Listed Oct 30, 2024
    Updated 1 day ago
    Property Type Condo
    Floor 1
    Bedroom 1
    Size 70 SqM
    Price per SqM £2,120
    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%.

    N/A
    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) N/A
    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.
    £72/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1960204

    Investment Opportunity: Charges & Yield

    Sale Price
    £148,000
    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.
    £72/mo
    Rent
    £685/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.
    18
    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.
    6%

    Project Details

    Project Name: The Unique at Nimman 2
    Developer: Tareena Property Co., Ltd
    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

    • All
    • Fitness
    • Leisure
    3
    • Communal Pool
      2nd Floor
    • Communal Gym
      2nd Floor

    Available Units at The Unique at Nimman 2

    For Sale 7 For Rent 2
    • All
    • 1 Bed
    • 2 Beds
    • 3 Beds
    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 £1 per square meter based on the size of indoor area of the property and is £72 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 £11 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
    £1,140
    1st Installment
    Upon contract signing
    £4,570
    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

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    Projects Nearby The Unique at Nimman 2

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    Project Name
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    Project Name
    103 Condo Nimman
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    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
    100
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    Year Built
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    The Unique at Nimman
    Location
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    Number of units
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    ▼ -22.7% underpriced
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    N/A
    Year Built
    Sep 2014
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    ▼ -3.3% underpriced
    Monthly Rentals
    £411 - £1.14K
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    Completion Status
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    Project Name
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    Location
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
    Nov 2009
    Completion Status
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    Project Name
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    Location
    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
    79
    Sales Prices
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    ▼ -11% underpriced
    Monthly Rentals
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    Year Built
    Nov 2010
    Completion Status
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    Project Name
    Hillside 2 Condominium
    Location
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    Number of units
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    Sales Prices
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    Completion Status
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    Location
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    Number of units
    370
    Sales Prices
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    ▼ -35% underpriced
    Monthly Rentals
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    Year Built
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    Completion Status
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    Project Name
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    Number of units
    65
    Sales Prices
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    ▲ 20% overpriced
    Monthly Rentals
    £411 - £537
    Year Built
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    Completion Status
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    Project Name
    Palm Springs Nimman
    Location
    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
    62
    Sales Prices
    £74.2K
    Monthly Rentals
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    Year Built
    Aug 2015
    Completion Status
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    Projects Nearby The Unique at Nimman 2
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