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Lake Avenue Sukhumvit 16

Thailand / Bangkok1985Condominium

Price from

฿10,000,000

Completion date

1985

Area

76 - 122 m²

Description

Lake Avenue Sukhumvit 16 stands in Bangkok's Asoke district, on Sukhumvit 16, very close to the main Sukhumvit Road and the Asoke intersection. This is a business and tourist area of the city. Foodland is 100 m away, Benjakiti Park 500 m, Terminal 21 shopping mall 600 m and Robinson Department Store 700 m. Thai, Japanese and Western restaurants and coffee shops are all within 100 m.

BTS Asoke is about 500 m from the building and MRT Sukhumvit is also 500 m away. The nearest tollway entrance is 2 km. Emporium and EMQuartier malls are one BTS station away, Bangkok Prep British International School is two BTS stations, and Chulalongkorn University is four MRT stations away. Soi Cowboy is 600 m from the building.

The condominium was completed in 1985 and has two buildings of 26 floors. The project has 160 units, all of larger size than usual. The building is well regarded for its position right at the Asoke junction, its spacious apartments, and the quality of construction and management. Schools nearby include Akshara International School (1 km), St. Stephen's International School (1.2 km) and NIST International School (1.8 km).

Facilities include a swimming pool, a gym and a meeting room. The building has an elegant lobby, a reception desk, elevators and parking. Security is covered by 24-hour guards, CCTV and key card access, with reception staffed around the clock. These services make daily living straightforward for residents.

Four apartments are for sale now, from 76 sq m to 122 sq m, on floors 6 to 20. Three have one bedroom and one has two bedrooms. Two are fully furnished and two are partly furnished. Views are over the city, and one apartment also looks over the park, greenery and river. Prices range from THB 10,000,000 to THB 16,500,000.

All four apartments are freehold, and the foreign freehold quota is available for buyers from abroad. Hospitals nearby include Mae Fa Luang University Hospital (1.1 km), Bumrungrad Hospital (1.9 km) and Samitivej Sukhumvit Hospital (3.1 km). The median list price per square metre here is 30-40% below the Watthana median and 15-25% below the Bangkok median.

Location

Price from

฿10,000,000

Layouts

Unit typeArea fromPrice fromBedroomsVariants
1 Bedroom76 m²฿10,000,0001
2 Bedrooms122 m²฿16,500,0002

Apartments for sale

  • 1 bedroom

    85 m² · Floor 10 · Freehold · Fully furnished

    ฿10,000,000

  • 1 bedroom

    76 m² · Floor 9 · Freehold · Fully furnished

    ฿10,500,000

  • 1 bedroom

    103 m² · Floor 6 · Freehold · Partly furnished

    ฿10,900,000

  • 2 bedrooms

    122 m² · Floor 20 · Freehold · Partly furnished

    ฿16,500,000

ROI Calculator

฿16,000฿159,000

Estimated based on market data

40%100%
0%20%
Monthly income

฿36,000

Annual income

฿433,000

Gross yield

6.0%

Net yield

4.3%

Value in 5 years

฿12,763,000

Total ROI (5 years)

49%

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

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