Bangrak runs along the southern shore of Big Buddha Bay for just under 3 kilometers from the Ferry Pier to the headland before Fisherman’s Village. The Eastern end is close to Big Buddha and the fresh food market across the bridge in Plai Laem. There are many restaurants and hotels situated along both sides of the road as well as numerous bars and shops. Sports fans are well catered for with The Premier Sports bar and The Office showing most live sports events on big screens. There is the usual selection of 7-11 and Family Mart and Tesco Express convenience stores. There are a few Bank Exchange booths but no bank branches.

Ferries run from the Pier at the eastern end and provide services to the nearby islands. Many boats also leave from the small piers along the beach to the regular Full Moon Parties on Koh Phangan. The airport is close by with arrivals 10 minutes and departures 15 minutes away.

This Foreign Freehold Condominium one bedroom apartment is situated on  the first floor of the Replay Apartment estate in Bangrak close to Fisherman’s Village.

The apartment comes fully equipped with ceramic hob and extractor hood, microwave, washing machine, fridge freezer and a full range of crockery and cutlery. It is furnished with a double bed with bed linen, deck and chair, table and chairs, sofa and wall mounted televisions in the living room and bedroom etc. There is a large wardrobe area with dressing table leading to a bathroom with bath, shower, washbasin and w.c.

Replay Apartments have access to the communal swimming pool, gymnasium and tennis court. There is a restaurant on site and Family Mart convenience store.

What is a Foreign Freehold?

There are restrictions on Foreigners owning real estate in Thailand, specifically land. They are however permitted to own in their own name a structure on land. Full title to both land and house is therefore not easily possible.

The exception to this is provided by the Condominium Act 1979 which specifically allows foreigners to have a freehold interest in a Condominium unit in their own name. There are restrictions on the number of units in a building that may be owned by foreigners and only 49% of the space in a building may be so designated.

There are rules about how the Condominium must be paid for. The entire purchase price must be transferred into Thailand in foreign currency and converted to Thai Baht here. A Foreign Exchange Transaction Form will be issued and must be presented to the Land Office on registration of the purchase. This also allows the same amount to be transferred out of Thailand at a later date without tax implications.