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    Studio Condo for sale at Srithana Condominium 1
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £36,300
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    Studio Condo for sale at Srithana Condominium 1

     (Write Review)
    Suthep, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1953218
    12% Rental Yield
    Studio Bedroom
    1 Bathroom
    26 SqM Size
    3 Floor
    Dec 2002 Completed
     (Write Review)
    Sale Price
    £36,300
    12

    About This Condo

    This property is a 26 SqM studio condo with 1 bathroom that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Dec 2002. You can buy this condo for a base price of £36,300 (£1,400/SqM).

    Srithana 1 Condo with Stunning Mountain Views

    Located on Huay Kaew Road, this charming condo is in close proximity to Maya Mall and One Nimman, making it a prime spot for those seeking convenience and lifestyle in Chiang Mai. The surrounding area offers a variety of amenities, including shops and restaurants, making it an ideal choice for personal living or as a rental property (Airbnb friendly).   **Special Price**: 1.59 million THB (includes transfer fee)   **Features:** - 1 bedroom with partitioned living room and kitchen area - 8th floor with beautiful mountain views - Total area: 26 sq.m. - Dual access from both Huay Kaew Road (Soisamut Lanna) and Sirimankalajarn Road Soi 1 - Fully furnished with appliances: Smart TV, refrigerator, washing machine, microwave, and electric stove   **Facilities:** - 24-hour security - Parking space - Elevators - On-site management - CCTV   This property offers an excellent investment opportunity with rental yields exceeding 8%. Perfect for both short-term and long-term rentals.

    Features

    Fully RenovatedFully Renovated (2024) Renovated KitchenRenovated Kitchen (2024) Renovated BathroomRenovated Bathroom (2024)

    Basic Information

    Date Listed Oct 21, 2024
    Updated 1 day ago
    Property Type Condo
    Floor 3
    Bedroom Studio
    Size 26 SqM
    Price per SqM £1,400
    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%.

    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, 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 U1953218

    Investment Opportunity: Charges & Yield

    Sale Price
    £36,300
    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.
    8
    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 studio condos at Srithana Condominium 1, and the current sales price.
    12%

    Project Details

    Project Name: Srithana Condominium 1
    Developer: N/A
    Construction: Completed (Dec 2002)
    Floors: 8
    Buildings: N/A
    Units: 144
    Project Area: N/A
    Nearest Landmark Maya Lifestyle Shopping Center - 0.8 Km
    Location: Suthep, Chiang Mai
    Srithana Condominium 1 Project Details

    Project Features

    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking

    Available Units at Srithana Condominium 1

    For Sale 8 For Rent 1
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Srithana Condominium 1
    View All (8)

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    Frequently Asked Questions

    No pets are allowed at Srithana Condominium 1 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Maya Lifestyle Shopping Center is the nearest Shopping Mall from Srithana Condominium 1 and it is 0.8 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 Srithana Condominium 1 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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    Chiang Mai
    Suthep

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