Biztown Srinakarin

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Nong Bon, Prawet,Bangkok

Unit ID: U72579
6% Rental Yield
฿8,590,000 Great Price
Bedroom
2 Bedrooms
Bathroom
5 Bathrooms
Indoor Area
264 SqM Indoor Area
Stairs
4 Storeys
Construction
Jan 2000 Completed

2 Bedroom Townhouse for sale at Biztown Srinakarin

This property is a 264 SqM townhouse with 2 bedrooms and 5 bathrooms that is available for sale. It is part of the Biztown Srinakarin 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

Property Type Townhouse
Storeys 4
Location Nong Bon, Prawet, 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
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
Date Listed Apr 6, 2018
Last Updated 1 year ago
Unit ID U72579

Price Analysis

Great Price
Estimated market value ฿15,899,156
Great
฿8,340,000
Good
Fair
Above
฿10,400,000
Current asking Price: ฿8,590,000 | Advertised rental rate: ฿45,000/mo
This townhouse is ฿7,309,156 BELOW MARKET (-46%) in the Bangkok area. It is analyzed against similar townhouses 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
฿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, Prawet, 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
Get notified when new homes are being added to Biztown Srinakarin

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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

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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