Commercial property for sale in Chiang Mai, Thailand: 12 bedrooms, 850 sq.m., № 126329

Property description

Great Investment opportunity in the booming area of Nam Phrae, Hang Don in Chiang Mai.Key Features
- 6 Rai, 1 Ngan, 47 Sq.wah (6–1–47) (2,547 Sq.wah)
- 3-phase electricity supply
- Large water supply
- Across the existing 5 residential structures there are 12 bedrooms (5 have wheel chair access), 5 kitchens, 15 bathrooms.
- Large warehouse/workshop with accommodation for workers
- Health and Wellness License (covers drug and alcohol rehabilitation, mental health, aged care, and retreat services)
- Additional Pre-Approved Building Plans for property development of a two story apartment and a restaurant on empty parts of the land at the front which can be can be updated by an investor. Additionally a local retired government engineer available to supervise construction:
Investment and Business Potential:
- The owner is open to selling or long-term leasing due to health issues.
- The property is a prime investment opportunity with pre-approved building plans, making it ideal for development.

- The owner’s foundation, which covers various health and wellness services, is included in the sale or lease and can assist in obtaining government funding and employing overseas workers.
- The owner has strong connections with local government officials, police, and immigration, providing significant support for business operations.
Sale Terms:
- Price: 44 M THB (Discounted from 48 M)
- Deposit: 10% (cash sale or on financing terms)
- Financing Terms: 3% interest on the remaining balance for 3 years. Interest only monthly payments for 3 years!. For example, 4.4 M THB deposit and 3% on remaining 39.6 M THB with monthly interest only payments at 99k THB for 3 years. After initial 3 years, final remaining balance payment to be made or option to renew again for another 3 years if necessary.
- Land Transfer Costs: 50/50 shared between buyer and seller once final payment has been made.
OR
Lease Terms:
- Rent: 250,000 THB/ month
- Security Deposit: 1 M THB
- Advance Payment: 2 months rent
- Minimum Lease Period: 3 years
- Lease Registration: Option to register lease at the Land Office for contract security, with lease registration costs shared 50/50
Additional Terms:
- The government foundation is included only with the sale of the property but can be discussed with lessees if necessary.
Contact us for a viewing!

Commercial property in Chiang Mai, Thailand 850 sq.m. № 126329

Property description