1 bedroom apartment 30 m² Pa Tong, Thailand

Studio for sale, in a ready-to-move condominium in the center of Patong. The project has an excellent internal infrastructure.  Communal pool with a chill area, restaurant, gym, and security 24/7.

This apartment is 30 sq.m. with a separate bed area, which is separated from the living room. The bathroom and living room are combined with a cozy kitchen.  All the apartment space is divided into comfortable areas. The design is classic and of light colors.

Location:

This condominium is located in the center of Patong, surrounded by developed infrastructure.  All the best tourist and live amenities are located within walking distance -bars, restaurants, supermarkets, and massage parlors. The beach is just 10 minutes by walk.

Rental pool conditions: 70/30 NET Profit share for 15 years.

Investors who take advantage of the new 70/30 Rental pool investment can expect an approximate return of around 6-7% if we base the figures on the lowest price per room and at 70% occupancy.

( The below figures are approximate and to be used as a guide, full breakdowns for each unit will be provided)

The average studio room price is 4,000,000 THB 
1900 THB per night for studio
70% occupancy = 255 days

NET Income = 484,500 THB 

Net income minus expenses of 25%  = 363,376 THB 

30% to the Hotel =  109,012 THB 

70% to the owner = 254,363 THB  = approx. 6.3% ROI based on the smallest room and lowest price and 70% occupancy.

Standard payment Terms:
200,000-baht reservation deposit + 20,000 THB lawyer fee
100% (minus deposit) at contract signature within 30 days from signing the reservation agreement (first
70/30 payment will be paid at the end of the year)