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    Studio Condo for sale at SOLE MIO Condominium
    Choeng Thale, Thalang,Phuket
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    Sale Price
    $186,000
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    Studio Condo for sale at SOLE MIO Condominium
    (1 Review)
    Unit ID: U150454
    7% GUAR. RETURN FOR 5 YEARS
    Choeng Thale, Thalang,Phuket
    $186,000
    Studio Bedroom
    1
    Bathroom
    388 Sqft
    Size
    5
    Floor
    Feb 2023
    Completed
    9
    Sale Price
    $186,000

    About This Condo

    This property is a 388 Sqft studio condo with 1 bathroom that is available for sale. It is part of the project in Choeng Thale, Phuket and was completed in Feb 2023. You can buy this condo for a base price of $186,000 ($481/Sqft).

    Features

    Wet BarWet Bar BalconyBalcony MicrowaveMicrowave TVTV

    Basic Information

    Date Listed Nov 13, 2023
    Updated 2 months ago
    Property Type Condo
    Floor 5
    Bedroom Studio
    Size 388 Sqft
    Price per Sqft $481
    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%.

    Leasehold
    Furniture
    Available for $7,980
    View(s) Sea View
    Unit Type Universal Studio
    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.
    $64/mo
    Listed By
    Developer
    Electricity Price Government Rate
    Water Price Government Rate
    Unit ID U150454

    Investment Opportunity: Charges & Yield

    Sale Price
    $186,000
    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.
    $64/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.
    15
    Guaranteed Rental Return
    7%
    Guarantee Duration
    5 Years

    Project Details

    Project Name: SOLE MIO Condominium
    Developer: Railand Property International Co., Ltd.
    Construction: Completed (Feb 2023)
    Floors: 7
    Buildings: 1
    Units: 124
    Project Area: 129,167 Sqft
    Nearest Landmark Bang Tao Beach - 0.3 Km
    Location: Choeng Thale, Phuket
    SOLE MIO Condominium Project Details

    Project Features

    On Site Restaurant On Site Restaurant
    Communal Pool Communal Pool
    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

    Popular Facilities at SOLE MIO Condominium

    • All
    • Fitness
    • Leisure
    • Convenience
    3
    • Reception / Lobby Area
      1st Floor
    • On Site Restaurant
      Rooftop
    • Communal Pool
      Rooftop
    • Communal Gym
      Rooftop

    Available Units at SOLE MIO Condominium

    • All
    • Studio
    Get notified when new homes are being added to SOLE MIO Condominium
    View All (1)

    Loan Calculator

    Payment Plan

    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $2,960
    1st Installment
    Upon contract signing
    90%
    2nd Installment
    On handover
    10%

    Frequently Asked Questions

    No pets are allowed at SOLE MIO Condominium 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 $2 per square meter based on the size of indoor area of the property and is $64 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 SOLE MIO Condominium the required payment for the sinking fund is $15 per square meter based on the size of the indoor area of the property.
    SOLE MIO Condominium offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 5 Years.
    Read more here.
    Bang Tao Beach is the nearest Beach from SOLE MIO Condominium and it is 0.3 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 SOLE MIO Condominium 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
    $2,960
    1st Installment
    Upon contract signing
    90%
    2nd Installment
    On handover
    10%

    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
    A Cruise Ship Condominium
    Raquel Roher, France, 5 years ago
    It made me very interested in the Sole Mio condominium with a novel design because the construction building is similar to a cruise ship. Also, this project is still under construction. I have made inquiries and have visited the sale gallery, which makes me interested in booking this project. The staff gives very good consulting and information. The project also has a full range of facilities such as a swimming pool, a fitness room, a bar, and an on-site restaurant. Besides, it is close to many natural attractions such as Bangtao Beach, Surin Beach, and nearby Beach Clubs like Catch Beach Club and Lux ​​Beach Phuket in this prime location. I am not disappointed to have one of the rooms to own. Besides, The Sole Mio Condominium has special privileges to the investors, such as a 7% guaranteed rental return for 15 years; it's very worthwhile for future investments. This condominium project is more than a real accommodation.
    Phuket
    Choeng Thale

    Neighborhood Overview

    Location and Neighborhood

    Street View

    Projects Nearby SOLE MIO Condominium

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    Completion Status
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    Completion Status
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Number of units
    24
    Sales Prices
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    ▼ -9.7% underpriced
    Monthly Rentals
    $4.43K - $7.39K
    Year Built
    Jan 2012
    Completion Status
    Completed
    Project Name
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    Location
    Choeng Thale, Thalang, Phuket
    Number of units
    228
    Sales Prices
    $133.03K - $339.96K
    Monthly Rentals
    $887 - $4.43K
    Year Built
    Dec 2018
    Completion Status
    Completed
    Projects Nearby SOLE MIO Condominium
    Save
    Bright Phuket
    CASCADE Bangtao Beach - Phuket
    Dareeya Villa
    Casuarina Shores
    Sudara Phase 1
    Poetry Villas
    Laguna Beachside
    Laguna Seaside
    Baan Mandala
    Diamond Resort Phuket
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