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    Studio Condo for sale at Utopia Central
    Kathu, Kathu,Phuket
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    Sale Price
    £107,000
    Schedule Viewing

    Studio Condo for sale at Utopia Central

    (1 Review)
    Kathu, Kathu,Phuket
    Unit ID: U1921787
    8% GUAR. RETURN FOR 3 YEARS
    Studio Bedroom
    1 Bathroom
    24 SqM Size
    4 Floor
    Apr 2020 Completed
    (1 Review)
    Sale Price
    £107,000
    9

    About This Condo

    This property is a 24 SqM studio condo with 1 bathroom that is available for sale. It is part of the project in Kathu, Phuket and was completed in Apr 2020. You can buy this condo for a base price of £107,000 (£4,460/SqM).

    Features

    BalconyBalcony

    Basic Information

    Date Listed Aug 29, 2024
    Updated N/A
    Property Type Condo
    Floor 4
    Bedroom Studio
    Size 24 SqM
    Price per SqM £4,460
    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, Leasehold, Company
    Furniture
    Unfurnished
    View(s) Pool View
    Unit Type STU
    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.
    £27/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U1921787

    Investment Opportunity: Charges & Yield

    Sale Price
    £107,000
    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.
    £27/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.
    13
    Guaranteed Rental Return
    8%
    Guarantee Duration
    3 Years

    Project Details

    Project Name: Utopia Central
    Developer: UTOPIA CORPORATION CO LTD
    Construction: Completed (Apr 2020)
    Floors: 8
    Buildings: 2
    Units: 405
    Project Area: 4,800 SqM
    Nearest Landmark Patong Beach - 6 Km
    Location: Kathu, Phuket
    Utopia Central Project Details

    Project Features

    Hotel Managed Hotel Managed
    On Site Restaurant On Site Restaurant
    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
    Communal Garden Area Communal Garden Area
    Shuttle Bus Shuttle Bus

    Popular Facilities at Utopia Central

    • All
    • Leisure
    3
    • Communal Pool
      2nd Floor

    Available Units at Utopia Central

    For Sale 17 For Rent 1
    • All
    • Studio
    • 1 Bed
    Updated 6 days ago
    Available Units at Utopia Central
    £45,600
    £1,900/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 8 Floor
    Thai Quota Fully Furnished Mountain View
    Available Units at Utopia Central
    £37,600
    £1,570/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 2 Floor
    Leasehold Fully Furnished City View
    Available Units at Utopia Central
    £45,600
    £1,900/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 3 Floor
    Foreign Quota Fully Furnished City View
    Available Units at Utopia Central
    £66,100
    £2,750/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 8 Floor
    Foreign Quota Fully Furnished City View
    Available Units at Utopia Central
    £67,200
    £2,800/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 4 Floor
    Foreign Quota Unfurnished City View
    Available Units at Utopia Central
    £37,600
    £1,570/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 4 Floor
    Leasehold Fully Furnished Mountain View
    Available Units at Utopia Central
    £70,600
    £2,140/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 33 SqM Size
    Floor 8 Floor
    Leasehold Fully Furnished Mountain View
    Available Units at Utopia Central
    £67,200
    £2,040/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 33 SqM Size
    Floor 7 Floor
    Leasehold Fully Furnished Mountain View
    Available Units at Utopia Central
    £68,300
    £2,850/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 5 Floor
    Foreign Quota Unfurnished City View
    Available Units at Utopia Central
    £68,300
    £2,850/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 5 Floor
    Foreign Quota Unfurnished Mountain View
    Available Units at Utopia Central
    £59,800£65,900
    £2,490/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 2 Floor
    Leasehold Fully Furnished City View
    Available Units at Utopia Central
    £57,000
    £2,370/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 5 Floor
    Thai Quota Fully Furnished Garden View
    Available Units at Utopia Central
    £69,500
    £2,900/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 8 Floor
    Foreign Quota Unfurnished City View
    Available Units at Utopia Central
    £69,500
    £2,900/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 6 Floor
    Foreign Quota Unfurnished Pool View
    Available Units at Utopia Central
    £71,800
    £2,990/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 8 Floor
    Foreign Quota Unfurnished Pool View
    Available Units at Utopia Central
    £69,500
    £2,900/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 8 Floor
    Foreign Quota Unfurnished City View
    Available Units at Utopia Central
    £107,000
    £4,460/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 24 SqM Size
    Floor 4 Floor
    Foreign Quota Unfurnished Pool View
    Get notified when new homes are being added to Utopia Central
    View All (17)

    Loan Calculator

    Payment Plan

    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £2,280
    Down Payment
    Upon contract signing
    30%
    1st Installment
    During Construction
    20%
    2nd Installment
    On completion
    30%
    3rd Installment
    On handover
    20%

    Frequently Asked Questions

    No pets are allowed at Utopia Central 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 £27 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 Utopia Central the required payment for the sinking fund is £11 per square meter based on the size of the indoor area of the property.
    Utopia Central offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 3 Years.
    Read more here.
    Patong Beach is the nearest Beach from Utopia Central and it is 6 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 Utopia Central 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
    £2,280
    Down Payment
    Upon contract signing
    30%
    1st Installment
    During Construction
    20%
    2nd Installment
    On completion
    30%
    3rd Installment
    On handover
    20%

    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

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Condo for investing
    Lars Moman, Sweden, 4 years ago
    I bought a studio room in this condo, and I think it is worth investing. I got it at a very good deal and expected that the price would be higher in the future. So far, I bought to rent it out as they guarantee an 8% rental income for 5 years, and there are also many other benefits you will get from this property. Inside the room is divided into good proportions with furniture provided. The materials used to decorate the rooms are quite good, overlooking the mountains and the city views. There are full facilities, including the large swimming pool, gym, restaurant, bar, receptions for 24 hours. Oh, there is room service and the shuttle bus to the beaches as well. About the location, it is good here. It is quite close to many facilities such as Prince of Songkla University, and Central Festival Phuket is just 10 minutes drive away.
    Phuket
    Kathu

    Neighborhood Overview

    Location and Neighborhood

    Street View

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