Mai Khao Beach Condotel

3.08 (2 Reviews)

Mai Khao, Thalang,Phuket

Unit ID: U221545
10% GUAR. RETURN FOR 5 YEARS
฿4,000,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
36 SqM Size
Floors
5 Floor
Construction
May 2019 Completed

1 Bedroom Condo for sale at Mai Khao Beach Condotel

This property is a 36 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Mai Khao Beach Condotel project in Mai Khao, Phuket and was completed in May 2019. You can buy this condo for a base price of ฿4,000,000 (฿111,111/SqM).

This Attractive Corner Unit in Mai Khao Beach Condotel project is located Mai Khao Beach area surrounded by 5-Star Hotels such as Centara Grand West Sands, JW Marriott, Renaissance, Holiday Inn and Anantara.

It is in 450 m from Mai Khao Beach - Mai Khao Beach and within 10 min drive to Phuket International Airport and 5 minutes drive to the Blue Canyon Country Club Golf course.

Big advantage is that Jungle Splush Waterpark is in 5 minutes walk way also there is all necessary infrastructure near the project just in few minutes walking distance: 7-Eleven and Super Cheap markets,many restaurants, cafes, drug store etc.

Features

Corner UnitCorner Unit BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Property Type Condo
Floor 5
Bedroom 1
Size 36 SqM
Price per SqM ฿111,111
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that is currently below 49%.

Foreign Quota, Thai Quota, Company
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
Unit Type N/A
Building N/A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,440/mo
Listed By
Private Owner
Date Listed Oct 30, 2019
Last Updated 5 months ago
Unit ID U221545

Price Analysis

Fair Price
Estimated market value ฿3,778,394
Great
฿3,070,000
Good
Fair
Above
฿4,870,000
Current asking Price: ฿4,000,000
This condo is ฿221,606 ABOVE MARKET (6%) in the Phuket area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿4,000,000
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,440/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.
10
Guaranteed Rental Return
10%
Guarantee Duration
5 Years

Project Details

Project Name: Mai Khao Beach Condotel
Construction: Completed (May 2019)
Floors: 8
Buildings: N/A
Units: 342
Project Area: N/A
Nearest Landmark Mai Khao Beach - 0.5 Km
Location: Mai Khao, Thalang, Phuket
Mai Khao Beach Condotel Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
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

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1 Beds
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Get notified when new homes are being added to Mai Khao Beach Condotel

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Frequently asked questions

The common area maintenance fee is ฿40 per square meter based on the size of indoor area of the property and is ฿1,440 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 Mai Khao Beach Condotel the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Mai Khao Beach Condotel offers a guaranteed rental return of 10% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Mai Khao Beach is the nearest Beach from Mai Khao Beach Condotel and it is 0.5 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 Mai Khao Beach Condotel 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

Sale Price : ฿5,759,000
Fazwaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
Fazwaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
Fazwaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
Fazwaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

3.1 out of 5 3.08
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The definition of a budget condo
2.7 Verified Visitor, 10 months ago
located only 10min away from Phuket Int airport, this budget condo is within walking distance from Mai Khao Beach. Mai Khao beach is called " untouched" because you will literally see nobody walking ever. It's a very natural beach with lots of vegetation. The condo itself is solely for the purpose of sleeping and doesn't offer more excitement. The price product ratio is in balance because you pay for what you get. It's perfect for people that would like to be far away from all landmarks and live in peace.
It worth the investment and such an impressive vacation condo.
3.5 Jennie Pinkley, Brazil, 1 year ago
Quiet condo, located in the deep alley, but it's quite crowded during the festivals. There is a clean pool, good parking, free shuttle bus service to the beach. It takes about 7-10 minutes to the beach. Anyway, there is only one supermarket in the neighborhood. I think it is a good choice to relax. The room includes a kitchenette. You can buy fresh products from the market and cook it by yourself. The seafood is very fresh and clean. I love it! It is about 15 minutes from the airport. I find it worth the investment and such an impressive vacation condo.

Phuket

Mai Khao

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