Rachatee condotel and Spa
Rachatee condotel is 12 floor building with 205 units, located on Soi 25 Naklua Rd., North Pattaya. It`s about 50 meters far from main road and about 600 meter far from Wongamat Beach.
Main building is 11 years old, and was originally developed as Golden Pattaya Condominium. In 2003 Rachatee Group took over the condominium and made renovation to euro standard.
There are pleasant communal facilities, like big swimming pool, gym, SPA-salon, covered parking etc. Condotel is well manage and popular with rentals, so the owners can get about 8% annual return – that pretty good, especially for somebody who looking for a small investment.
Units range: there are variety of units size from 25 sqm (studio unit) to 96 sqm (two bedroom apartment).
The prices for studio start from 790,000 Thai Baht (for small studio with city view). Condos with sea view (a little bit sea view) can be get for 1,2 mln Thai Baht.
Prices for rent start 11,000 Thai Baht per month and I think it`s possible to find even cheaper for long term.
Summary – Rachatee Condotel is valuable for small money condominium with convenience location and variety amenities.
