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1 bedroom apartment for sale

Thailand - Phuket

£93,171

like this property?

Call: 0066904187110

Key features:

  • 1 bathroom(s)
  • Condition: Excellent
  • Floor space: 38
  • Unfurnished
  • Communal garden
  • Sea view
  • Distance from the sea: 15 mins
  • Distance from an airport: 30 mins

Full description:

The Emerald Nirvana is a stunning new development occupying an enviable position on the highly desirable West Coast of Phuket. The project is located in the Kalim area, meaning that all of the entertainment options of popular Patong Town are a mere 2km from here.


What makes The Emerald Nirvana so special, however, is the fact that it is built into a hillside just the other side of the beach road, which means that the majority of apartments in this project benefit from spectacular views across the crystal blue waters of the Andaman Sea. The project also has its very own private beach for the benefit of all owners here just 100m walk from the condos. The private beach also features a Club House so that owners can take refreshments without ever leaving the golden sands of the area.


Other facilities available for owners and guests use include large swimming pools located between the buildings, access to a fully-equipped fitness centre and the lush, tropical gardens which surround the buildings.


This highly exclusive development consists of just eight low-rise buildings, each of three or four-storeys. The majority of the apartments on offer are one-bedroom units, with a wide variety of sizes to choose from, ranging from 38 through to 62m2 in size. All of the apartments will be constructed to the high quality standards required of a five-star resort and come partially furnished. The developer also offers additional furniture packs which will bring the condos up to full turnkey standard for THB 200-250,000, depending upon the size of the apartment.


The condos at The Emerald Nirvana are just one part of a large, five-star development which also includes a number of luxury villas and a hotel located further up the hill. The fact that The Emerald Nirvana will be run as a luxury hotel means that those looking to buy for investment purposes have a number of different options available to them for generating a high, regular income from their property. Those looking for 100% Guaranteed Returns will probably prefer the option whereby they receive a fixed income of 7% of the price of their apartment for a period of five years. A second option is perfect for buyers with a more limited budget who would like to buy into this highly exclusive project but who cant quite afford the prices. Under this second option, buyers can deduct 25% from the selling price of any apartment and will also receive a full furniture pack. In return, the developer will rent out the unit for the first five years. A third option provides investors with an average 10% return, but this amount is not guaranteed. All three schemes offer owners 15 days of personal use which can be taken at any time, with the exception of the Phukets peak period which lasts from 15 December through 15 January.


Although launched only in the summer of 2014, The Emerald Nirvana has proven to be a highly popular project with buyers and investors with the result that units here are selling out very fast. Interested buyers therefore need to act quickly in order to take advantage of this highly desirable investment opportunity or beautiful second home.


KEY FEATURES:

- 24/7 Security
- Air-Conditioning
- Beachfront
- Fitness Centre
- Gardens
- Part Furnished
- Reception
- Swimming Pool
- Sea Views


PRICE RANGE:


- One-Bed-Min: 38m2 - THB 4,674,000
- One-Bed-Max: 62m2 - THB 8,463,000

- Two-Bed-Min: 86m2 - THB 11,782,000
- Two-Bed-Max: 86m2 - THB 11,782,000


PAYMENT PLAN:

- Reservation Fee: THB 100,000
- Contract Deposit: 25% (within 10 days)
- Interim Payments: 50%
- Handover: 25%


EXTRA FEES:

- Maintenance Fee: THB 50 / per m2 / per month
- Sinking Fund: THB 500 / m2 / month
- Transfer Tax: Buyer Responsible
- Electric & Water Meters: Buyer Responsible


COMPLETION DATE:

Start Date: August 2014
End Date: January 2016

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Phuket (International), 10.5 miles
  • Krabi (International), 44.6 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Bangkok Thai Real Estate Co. Ltd, Pattaya

383/2 Moo 12 Sukhumvit Road Nongprue Banglamung Chonburi 20150
0066904187110
About Bangkok Thai Real Estate Co. Ltd, Pattaya

The Number One Choice for Investors

Thailand*s capital city, Bangkok, currently offers an excellent investment opportunity for anyone looking for fast capital appreciation and reliable rental returns.

Compared to other key Asian cities such as Hong Kong, Singapore, Tokyo, Shanghai, Beijing or Kuala Lumpur, prices in Bangkok are currently very low 每 with an average price of just $5,000/m2. This compares favourably to Beijing at $9,500/m2, Singapore at $24,500 and Hong Kong at $31,000/m2. However, such is the strength of the market in Bangkok that prices are guaranteed to not stay this low for much longer. In year to the end of March 2013, prices of condominiums in Bangkok rose by a remarkable 9.39%, making Bangkok one of the fastest-increasing markets in South East Asia.

Due to the country*s fast economic growth, forecasters predict that the property boom in Bangkok is still at the beginning as the economy continues to increase at levels faster than neighbouring countries, with the country*s GDP increasing by 6.44% in 2012. This means that the economy in Thailand is developing at a faster rate than any other country in Asia apart from China and the Philippines. Described by the World Bank as ※one of the greatest development success stories§ for its progress in social and economic development, the country remains on an upward trajectory.

The constantly improving economy has led to the rapid increase of the middle class in Thailand, who are spending their new-found wealth in upgrading their accommodation. This, in turn, has led to the fast increases in prices for condominiums, especially those located in prime positions within the city centre, where few good building plots remain.

The expansion of Bangkok*s Skytrain network is fueling the city*s real estate boom.
The expansion of Bangkok*s Skytrain network is fueling the city*s real estate boom.
The upwards trajectory of Bangkok*s property prices are set to increase still further when the ASEAN Economic Community which offers tariff-free trade and visa-free travel between all member countries comes into effect at the end of 2015. Due to Thailand*s position right in the centre of the ASEAN region 每 at its very crossroads 每 Thailand is expected to benefit more from the introduction of the new trading zone than most of the other member nations.

Much of the activity in the real estate market is centred around developments located within easy reach of stations on Bangkok*s mass transit system, which now makes it easy to navigate the often heavily-congested streets of Thailand*s capital city. The network, which comprises the underground, Skytrain, bus and rail networks, is seeing massive expansion over the next few years with the number of lines increasing from eight to 15. As new stations are announced, so new areas of the city become attractive areas to live.

According to research published by Global Property Guide in April 2013, rental yields in Bangkok range from 3.97% to 7.41%. This makes Bangkok the third best-performing capital city in East Asia after Manila and Jakarta 每 another sign that there is still plenty of capital appreciation left in the market for condominiums.

Smaller apartments earn much higher rental yields than bigger apartments. A 50m2 apartment in Bangkok*s central location earns good rental yields at 7.41%, while a 375m2 apartment also centrally located, earns poor rental yields at 3.97%.

The rental yields from medium-sized apartments are also good. An 80m2 apartment earns moderate to good rental yields at 6.86%, higher than 2011∩s figure of 6.60%. The same can be said about 120m2 apartments, where rental yields have increased to 6.53% from 6.49% the previous year.

Currently foreign buyers make up a relatively small proportion of the total market for condominiums in Bangkok, but this situation is changing fast as well-informed investors realize that there is little growth left in most of the key Asian cities and begin to look further afield to see good returns on their investments.

A Perfect Location for a Second Home

Bangkok attracts not only investors 每 it also attracts foreigners looking for a second home in a vibrant and affordable city, in a country which is well-known for the warm welcome by the country*s friendly and hospitable people. That*s the reason why Thailand is known around the world as &The Land of Smiles*!

Bangkok's shopping malls, climate, cuisine and nightlife make it a Mecca for tourists.
Bangkok*s shopping malls, climate, cuisine and nightlife make it a Mecca for tourists.
The city is now a highly cosmopolitan one which welcomes visitors from all over the globe. Visitors are attracted not only by the legendary Thai hospitality, but also its world-famous cuisine, year-round warm and pleasant tropical climate, thrilling nightlife opportunities, low-cost shopping in the city*s many large, modern shopping malls and beautiful temples and other tourist attractions. English is widely spoken in the city and Bangkok also has a sizable Thai-Chinese population.

With its modern Suvarnabhumi International Airport, Bangkok has become one of Asia*s main transport hubs. In fact, a recent survey conducted by MasterCard found Bangkok International to have recently overtaken London*s Heathrow as the world*s busiest international airport. Tourist numbers to the city are increasing rapidly 每 visitor numbers were up 18.6% year-on-year in the first quarter of 2013. Much of this increase came from China, where over 2 million tourists arrived in the first half of 2013 alone, an increase of 95.06% over the same period in 2012. Chinese visitors are now by far the most numerous visitors to Thailand, accounting for 21% of all international arrivals.

There are also increasing visitor numbers to the city from the Gulf area. The Abu Dhabi to Bangkok route is Etihad*s busiest, having transported 700,000 passengers to the city in 2012. The airline is now adding a sixth flight per day to the city in order to cope with the constantly increasing demand. The new high-speed rail link to the airport makes it possible to reach the centre of Bangkok from Suvarnabhumi in under thirty minutes.

###

So, whether you are looking for an affordable second home in an exciting and pleasant city to live or an investment which provides a good steady rental income combined with some of the fastest capital growth that you can find anywhere in the world currently, Bangkok is an ideal choice.


Disclaimer

This is a property advertisement provided and maintained by Bangkok Thai Real Estate Co. Ltd, Pattaya (reference 107950_00036) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Bangkok Thai Real Estate Co. Ltd, Pattaya

383/2 Moo 12 Sukhumvit Road Nongprue Banglamung Chonburi 20150
or call 0066904187110

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