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    1 Bedroom Condo for sale at Groove Ratchada - Rama 9
    Din Daeng, Din Daeng,Bangkok
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    Sale Price
    ฿2,900,000
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    1 Bedroom Condo for sale at Groove Ratchada - Rama 9
    (1 Review)
    Unit ID: U1756580
    6% Rental Yield
    Tenant-Occupied until Nov 25, 2024
    Din Daeng, Din Daeng,Bangkok
    ฿2,900,000
    1 Bedroom
    1
    Bathroom
    24 SqM
    Size
    5
    Floor
    Dec 2020
    Completed
    5
    Sale Price
    ฿2,900,000

    About This Condo

    This property is a 24 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Din Daeng, Bangkok and was completed in Dec 2020. You can buy this condo for a base price of ฿2,900,000 (฿120,833/SqM) and it is also available for long term rentals starting from ฿15,000 per month.

    Features

    BalconyBalcony MicrowaveMicrowave TVTV

    Basic Information

    Date Listed Mar 12, 2024
    Updated 3 weeks ago
    Property Type Condo
    Floor 5
    Bedroom 1
    Size 24 SqM
    Price per SqM ฿120,833
    Pets Not Allowed
    Condo Ownership

    Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.

    Thai Quota
    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) Blocked View
    Unit Type N/A
    Building 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.
    ฿1,392/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1756580

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿2,900,000
    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.
    ฿1,392/mo
    Rent
    ฿15,000/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: Groove Ratchada - Rama 9
    Developer: DIVINE DEVELOPMENT HOLDINGS CO.,LTD.
    Construction: Completed (Dec 2020)
    Floors: 8
    Buildings: 1
    Units: 154
    Project Area: 1,428 SqM
    Nearest Landmark Phra Ram 9 MRT - 0.7 Km
    Location: Din Daeng, Bangkok
    Groove Ratchada - Rama 9 Project Details

    Project Features

    On Site Restaurant On Site Restaurant
    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    Communal Gym Communal Gym
    Bar Bar
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area
    Walking / Running Track Walking / Running Track
    Yoga Area Yoga Area
    Co-Working Space / Meeting Room Co-Working Space / Meeting Room
    Mini Theater Mini Theater
    Communal Garden Area Communal Garden Area
    Key card access Key card access
    Shuttle Bus Shuttle Bus

    Popular Facilities at Groove Ratchada - Rama 9

    • All
    • Fitness
    • Leisure
    • Convenience
    6
    • Reception / Lobby Area
      Ground Floor
    • Car Parking
      Ground Floor
    • Communal Pool
      Rooftop
    • Communal Gym
      Rooftop
    • Communal Garden Area
      Rooftop
    • Lounge
      Rooftop

    Available Units at Groove Ratchada - Rama 9

    For Sale 4 For Rent 5
    • All
    • 1 Bed
    Get notified when new homes are being added to Groove Ratchada - Rama 9
    View All (4)

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    Frequently Asked Questions

    No pets are allowed at Groove Ratchada - Rama 9 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    The common area maintenance fee is ฿58 per square meter based on the size of indoor area of the property and is ฿1,392 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 Groove Ratchada - Rama 9 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
    Phra Ram 9 MRT is the nearest MRT Station from Groove Ratchada - Rama 9 and it is 0.7 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 Groove Ratchada - Rama 9 you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer

     


    Installment Milestone Payment
    Reservation Deposit
    Immediately
    ฿50,000
    2nd Installment
    On handover
    100%

    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

    Reviews

    4.5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    What a beautiful minimal-style condo!
    Angela M., Australia, 3 years ago
    This is a new condo project on Soi Ratchadaphisek 3, next to The Chinese Embassy, ​​easy to find the entrance. It is also near Fortune Town, Lotus Fortune Town, Central Rama 9, and other shopping malls, shops, and restaurants. The project is ideal for those who love a minimalist decorating style. The design is beautiful. There is a swimming pool, a fitness center, an outdoor mini-theater, and car parks available for the residents, but each area is quite small, and parking is highly insufficient for every unit. This condo is suitable for anyone who uses public transportation because the project includes a shuttle bus service to the MRT station. The room is well-designed and functional, but it can only accommodate 1-2 people.
    Bangkok
    Din Daeng

    Neighborhood Overview

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