Commercial property for sale in Chiang Mai, Thailand: 4 bedrooms, 360 sq.m., № 121395

Property description

Nestled in the bustling heart of Chiang Mai's renowned Night Bazaar, this unique offering presents a rare opportunity to acquire both a traditional western-style bar and restaurant along with ownership of the four-floor townhouse unit it occupies.
For over two decades, this establishment has been a cornerstone of the local scene, attracting patrons with its inviting ambiance and quality cuisine. Now, due to health reasons, the original owner is considering retirement, opening the door for a new proprietor to carry on its legacy.
The property itself boasts ample space across its four floors, providing versatility and potential for various business ventures. The ground floor, serving as the main pub and restaurant area, features a charming terrace that adds to its appeal. Upstairs, the second floor houses a fully-equipped commercial kitchen and storage facilities, ensuring operational efficiency.
Beyond the business space, the upper floors offer living quarters, with the third floor comprising a spacious 2-bedroom apartment complete with a kitchen, living room, and bathroom.

The fourth floor extends the accommodation with additional bedrooms and storage options, providing flexibility for personal use or potential rental income.
Positioned in one of Chiang Mai's most sought-after locations, this property offers not only a thriving business opportunity but also the security of owning the building in which it operates. Don't miss out on this chance to immerse yourself in the vibrant atmosphere of the Night Bazaar while securing a sound investment for the future.Overview.
- Well-known western bar & restaurant with 20+ years legacy
- Prime location in Chiang Mai's Night Bazaar, a hub of activity
- Four-floor townhouse unit included in the sale
- Ground floor operates as the pub/restaurant with a spacious terrace
- Second floor houses a commercial kitchen and storage area
- Third floor features a 2-bedroom apartment for living convenience
- Fourth floor includes additional bedrooms and storage space
- Ideal for entrepreneurs seeking a turnkey business with property ownership
- The property comes with a 4mt wide right of way from the main street.
#ChiangMai #NightBazaar #BusinessForSale #PropertyInvestment #ChiangmaiProperties #RealEstateChiangMai

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Parameters	Chiang Mai
Rent Per Month
Apartment (1 bedroom) in City Centre	฿ 13 665.18
Apartment (1 bedroom) Outside of Centre	฿ 7 343.75
Apartment (3 bedrooms) in City Centre	฿ 24 000.00
Apartment (3 bedrooms) Outside of Centre	฿ 15 818.18
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	฿ 64 166.67
Price per Square Meter to Buy Apartment Outside of Centre	฿ 36 600.00

Parameters	Chiang Mai
Crime Index	22.37
Cost of Living and Rent Index	20.28
Purchasing Power Index	67.59
Property Price to Income Ratio	10.67
Safety Index	77.63
Traffic CO₂ Index	5496.47
Traffic Inefficiency Index	105.03
Rent Index	8.78
Health Care Index	84.98
Groceries Index	37.80
Pollution Index	77.79
Traffic Commute Time Index	26.20
Restaurant Price Index	18.36
Climate Index	75.93
Cost of Living Index	29.17
Quality of Life Index	146.61
Traffic Index	115.86

Parameters	Chiang Mai
Restaurants
Meal, Inexpensive Restaurant	฿ 62.50
Meal for 2 People, Mid-range Restaurant, Three-course	฿ 600.00
McMeal at McDonalds (or Equivalent Combo Meal)	฿ 250.00
Domestic Beer (0.5 liter draught)	฿ 70.00
Imported Beer (0.33 liter bottle)	฿ 120.00
Coke/Pepsi (0.33 liter bottle)	฿ 25.67
Water (0.33 liter bottle)	฿ 11.42
Cappuccino (regular)	฿ 62.22
Markets
Milk (regular), (1 liter)	฿ 52.28
Loaf of Fresh White Bread (500g)	฿ 49.31
Eggs (regular) (12)	฿ 65.44
Local Cheese (1kg)	฿ 495.25
Water (1.5 liter bottle)	฿ 16.77
Bottle of Wine (Mid-Range)	฿ 600.00
Domestic Beer (0.5 liter bottle)	฿ 58.11
Imported Beer (0.33 liter bottle)	฿ 109.29
Cigarettes 20 Pack (Marlboro)	฿ 150.00
Apples (1kg)	฿ 83.63
Chicken Fillets (1kg)	฿ 98.00
Oranges (1kg)	฿ 47.11
Potato (1kg)	฿ 43.13
Lettuce (1 head)	฿ 22.50
Rice (white), (1kg)	฿ 38.87
Tomato (1kg)	฿ 44.38
Banana (1kg)	฿ 40.00
Onion (1kg)	฿ 37.38
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	฿ 335.11
Transportation
One-way Ticket (Local Transport)	฿ 30.00
Monthly Pass (Regular Price)	฿ 800.00
Gasoline (1 liter)	฿ 40.82
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	฿ 700 000.00
Taxi Start (Normal Tariff)	฿ 42.50
Taxi 1km (Normal Tariff)	฿ 42.50
Taxi 1hour Waiting (Normal Tariff)	฿ 260.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	฿ 762 000.00
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	฿ 2 161.66
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	฿ 565.77
	฿ 455.95
Salaries And Financing
Average Monthly Net Salary (After Tax)	฿ 23 611.11
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.00
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	฿ 1 225.25
Tennis Court Rent (1 Hour on Weekend)	฿ 220.00
Cinema, International Release, 1 Seat	฿ 190.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	฿ 1 916.67
1 Summer Dress in a Chain Store (Zara, H&M, ...)	฿ 950.00
1 Pair of Nike Running Shoes (Mid-Range)	฿ 2 700.00
1 Pair of Men Leather Business Shoes	฿ 2 250.00
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	฿ 9 888.89
International Primary School, Yearly for 1 Child	฿ 480 000.00

Commercial property in Chiang Mai, Thailand 360 sq.m. № 121395

Property description