Large Foreign Freehold studio apartment for sale in Maenam.
Main Information
Location Avanta Condominiums in Maenam (Inland, Garden View)
Reference No. FFC 2038
Price Baht 2,500,000
Detailed Location

Maenam is an increasingly popular area on the north coast with some nice sandy beaches looking towards Koh Phangan. Stretching some 6 kilometers between Ban Tai and Bophut with numerous hotels and restaurants along the road. Hotels range from the high quality Nappasai, Santiburi Resort and W Retreat to many smaller beach front properties. Samui’s only 18 hole golf course is at the Santiburi Samui Country Club in the hills with magnificent sea views as you play the course. There are many bars and restaurants along the main road and on the side streets leading to the beach.  The new Samui Immigration Office is situated here. The Lomprayah Ferry leaves from the western end of the beach taking passengers to nearby islands. Allow 25-30 minutes to the Airport.

Description

The quiet and comfortable Avanta condominium is located nearby Maenam beach, one of the Samui's best, situated on the island's North coast. The wide long band of golden sand of Maenam Beach lies between rows of tropical coconut palms and the clear sparkling sea. Swimming here is sheer pleasure all year round! The beach (just 800m) as well as shops and restaurants located on Samui’s ring road (just 400 m) are easily reachable by foot. It takes a mere 10-15 minute drive to get to shopping centers and lively Chaweng.
Avanta complex features two residential apartment blocks, a large pool with a Jacuzzi, a car park, and a gym. This makes it perfect both for a holiday or a long-term stay, especially for families with children.

Deluxe Apartments – Theses spacious 60 sq.m. Apartments are designed as studios. Spacious niches, openings and wall panels divide the space into dining, sleeping and living areas. The fully equipped kitchen comes with a dining table. The sleeping area has a double bed and TV. The living room has a large comfortable sofa, panoramic windows, and a balcony.

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.

Additional Information
Bedrooms Studio Apartment
Bathrooms 1
Air Conditioning Yes
Furniture Included
Garage / Parking On Site (Communal Parking)
Swimming Pool Yes (Communal Pool)
Internet Yes
House Size 59.37 sqm
Land Title Condominium (Foreign Freehold)
Electricity 3 Phase
Electricity Supplier Estate supply
Water Estate Supply
Access Right of Way to Public Road