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On Nut - Booming Investment Potential In Upper Sukhumvit

水曜日 , 15 8月 2018 ARTICLES

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One of the main plus points of living in Bangkok is the city’s diverse offerings that cater to all walks of life. The Upper Sukhumvit area, for example, has evolved into quite the destination for both locals and expatriates to immerse themselves in an organic Thai setting, yet still remain connected to the bustling vibrancy of Bangkok.

Conveniently located within this growingly popular area is the On Nut district, connected to the rest of the city’s attractions via its own BTS Station. The area offers a more relaxed sanctuary away from the fast-paced environment commonly associated with the capital city. An example of its convenient location is access to the vibrant Ekkamai/Thonglor area via the BTS train service in around 10 mins. The area is also well connected to major roads in the area (Sirat, Ram Indra-At Narong, and Burapha Withi expressways), ensuring that those who drive stay connected to the rest of the city. Aside from its favourable slower pace and self-sufficient community, On Nut also provides its residents with feasible and comparatively affordable condominium investment opportunities that will rise in price over the next several years for many reasons:

 

Lifestyle options at your fingertips:

On Nut provides for a wealth of lifestyle options through its seemingly endless dining options, newly opened night market and shopping outlets.

Food wise, the area boasts cuisine from around the globe. One outlet that seems to wow visitors and locals alike is the Italian Café di Maria that is located a short walk (50 metres) from On Nut BTS Station. The cozy eatery serves cheese platters, Italian favourites such as pasta as well as dessert like creme brûlée and fresh cream with fruits. With prices said to be reasonable for the quality at hand, a must try when one is there is their wood fired pizza. The restaurant also delivers to the surrounding area with a minimum spend of 500 Baht.

One of the highlights for many locals and visitors to On Nut is the night market, also located close to the BTS station. The market is well organised with its fair share of bars and food options as well as live bands to add to the atmosphere. Although the shopping options are not as extensive as those at the bigger markets, the main grab of the destination is the more relaxed feel that it exudes. For those looking for a more modern shopping experience, On Nut provides the Century The Movie Plaza, adding to the diversity of the area. The complex includes cinemas and popular F&B outlets such as McDonalds, Yoshinoya and Starbucks, providing a bit of rest and relaxation for shoppers.

Retail enthusiasts also have access to Tesco Mall, accessible by the BTS On Nut via a convenient skywalk. The mall provides a host of fresh and prepared foods, grocery products and general consumer goods. It also doubles-up as a community hub, with a mix of retail, banking and F&B facilities, a popular destination for locals and expatriates for lunch options due to its diversity and affordable prices.

Located nearby to the On Nut BTS station is The Phyll Sukhumvit 54, a community mall that encompasses F&B, retail, co-working and residential facilities. The ‘Eco Mall’ provides a semi-open ground floor, allowing visitors and those working there to rejuvenate from their busy lives through the nature-themed environment.

     

Developments providing investors with increasing options

As in any rapidly developing area, On Nut has seen a rise in investment opportunities for those wanting to get in on some of the action before the market fully matures. Its affordable cost of living and traffic friendly atmosphere are also great draws for a growing list of expatriates looking for access to the city life without the hectic vibe associated with metropolitans such as Bangkok. The Bangkok Prep International Secondary School Campus also provides residents with educational facilities through its international university-preparatory curriculum. The school caters to those from Year 7, all the way up to ‘A’ Levels.

The T77 community that has been built around the once underrated On Nut Canal is one area that has gained much attention from investors since its inception. It encompasses a range of developments as well as the Habito Mall – offering an amazing and refreshing escape from Bangkok’s urban environment.

One property to watch out for is the upcoming The Base Sukhumvit 50, a short walk from both the BTS station as well as Century The Movie Plaza. The property comes with all the facilities associates with Sansiri’s quality developments and more – a swimming pool, basketball court, mini-football pitch, garden and fully equipped gym. The integration of a 7/11 Convenience Store and Restaurants also provides residents with an added layer of convenience. Its prime location in an increasingly popular area that is drawing much attention is enough to assure potential buyers of steady rental yields of around 5-6% and capital gains of  around 7-10%.


 

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