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)
