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The Sukhothai Residences

Thailand / Bangkok2010Condominium

Price from

฿43,000,000

Completion

2010

Area

122 - 266 m²

Description

The Sukhothai Residences is in the Lumpini district of Bangkok, in the area known as Silom - Sathorn. This is the centre of Sathorn, a financial and diplomatic part of the city that still feels calm. Lumphini Park is about 1.0 km away, and the area has a good choice of shops and restaurants, which makes daily life easy for residents.

Getting to the building is simple by metro, by Skytrain or by car. The MRT Lumphini station is about 1.2 km away and the BTS Sala Daeng station is about 1.5 km away. The Chalerm Maha Nakhon Expressway is close by, giving fast access to other parts of Bangkok. The Commons Saladaeng is 1.2 km from the building, Silom Complex is 1.7 km away and Lumphini Park is 1.0 km away. You do not depend on one type of transport.

The project was built by HKR International and completed in 2010. It has two buildings of 41 floors each. It is a condominium aimed at people who want to live in central Bangkok. The height of the towers gives good views from the upper floors, and after about fifteen years the project is established and in normal use.

Several well-known restaurants are nearby: Le Du (Michelin Star, modern Thai), Baan (Michelin Bib Gourmand, Thai family recipes), Suhring (Michelin Star, modern German) and Ojo Bangkok (upscale Mexican with panoramic city views). For families, the international schools are Crescent International School at 1.8 km, St. Andrews International School, Sathorn at 2.2 km and Garden International School at 2.5 km. Hospitals nearby are BNH Hospital at 1.6 km and King Chulalongkorn Memorial Hospital at 2.2 km.

Three apartments are for sale now: two with 2 bedrooms and one with 3 bedrooms. They range from 122 to 266 sq m and are on floors 12 to 25. Prices run from THB 43,000,000 to THB 86,000,000. All three are fully furnished. Views are over the city, and one apartment has a panoramic view. One apartment has two bathrooms, an open fully equipped kitchen, a full set of electrical appliances, a balcony of good size and a fixed parking space. Its condition is like new.

All three apartments are freehold. For foreign buyers this matters, and the foreign freehold quota is available for one of them. One apartment is rented to a European family until 2024, so a buyer of that unit should take the existing tenant into account. Because the apartments come fully furnished, you can move in without spending extra on furniture.

Location

Price from

฿43,000,000

Floor plans

Unit typeArea fromPrice fromBedroomsVariants
2 Bedrooms122 m²฿43,000,0002
3 Bedrooms266 m²฿86,000,0003

Apartments for sale

  • 2 bedrooms

    122 m² · Floor 19 · Freehold · Fully furnished

    ฿43,000,000

  • 2 bedrooms

    134 m² · Floor 12 · Freehold · Fully furnished

    ฿46,000,000

  • 3 bedrooms

    266 m² · Floor 25 · Freehold · Fully furnished

    ฿86,000,000

ROI Calculator

฿29,000฿285,000

Estimated rate based on regional market averages. Actual rental rates for this project may differ - check with your broker for precise figures.

Ask broker about rental rates
40%100%
0%20%
Monthly income

฿66,000

Annual income

฿786,000

Gross yield

2.5%

Net yield

1.8%

Value in 5 years

฿54,880,000

5-year ROI

37%

Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

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