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    2 Bedroom Townhouse for sale at Biztown Srinakarin
    Nong Bon, Prawet,Bangkok
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    Sale Price
    ฿8,590,000
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    2 Bedroom Townhouse for sale at Biztown Srinakarin

     (Write Review)
    Nong Bon, Prawet,Bangkok
    Unit ID: U72579
    6% Rental Yield
    Tenant-Occupied until Dec 1, 2024
    2 Bedrooms
    5 Bathrooms
    264 SqM Indoor Area
    4 Storeys
    Jan 2000 Completed
     (Write Review)
    Sale Price
    ฿8,590,000
    Great Price Great Price
    13

    About This Townhouse

    This property is a 264 SqM townhouse with 2 bedrooms and 5 bathrooms that is available for sale. It is part of the project in Nong Bon, Bangkok and was completed in Jan 2000. You can buy this townhouse for a base price of ฿8,590,000 (฿32,538/SqM) and it is also available for long term rentals starting from ฿45,000 per month.

    Features

    Covered ParkingCovered Parking BalconyBalcony Wifi IncludedWifi Included

    Basic Information

    Date Listed Oct 9, 2019
    Updated 4 months ago
    Property Type Townhouse
    Storeys 4
    Location Nong Bon, Bangkok
    Bedrooms 2
    Nearest Landmark King Rama Ix Park -1.5 Km
    Indoor Area 264 SqM
    Price per SqM ฿32,538
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    N/A
    Plot Size 80 SqM
    Pets Not Allowed
    Townhouse Ownership

    Foreign nationals can own the building (townhouse) in their own name, but not the land that it stands on.

    Thai Ownership
    Land Ownership

    Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

    Thai Ownership
    Land Title Deed N/A
    Construction Completed (Jan 2000)
    Furniture
    Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
    Partly Furnished
    View(s) Lake View, Garden View, Blocked View
    Unit Type N/A
    Parking Spots 4
    Pool Size 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.
    ฿18,480/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U72579

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿8,590,000
    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.
    ฿18,480/mo
    Rent
    ฿45,000/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. 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: Biztown Srinakarin
    Developer: AP (Thailand)
    Construction: Completed (Jan 2000)
    Units: 50
    Project Area: N/A
    Nearest Landmark King Rama Ix Park - 1.5 Km
    Location: Nong Bon, Bangkok
    Biztown Srinakarin Project Details

    Project Features

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

    Available Units at Biztown Srinakarin

    For Sale 2 For Rent 1
    • All
    • 2 Beds
    • 5 Beds
    Get notified when new homes are being added to Biztown Srinakarin
    View All (2)

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    Frequently Asked Questions

    The common area maintenance fee is ฿70 per square meter based on the size of indoor area of the property and is ฿18,480 for this townhouse. 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.
    King Rama Ix Park is the nearest Park from Biztown Srinakarin and it is 1.5 km away.

    The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

    In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

     

    Read more here

    After you have found the right property at Biztown Srinakarin you have to follow these steps:

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


    Read more here

    A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

    Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

    • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

    • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

    • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

    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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