Great Investment opportunity in the booming area of Nam Phrae, Hang Don in Chiang Mai.
Key Features:
- 9 Rai and 53 Sq.wah (There is also an additional 5 Rai available less than 1 km from the property available for sale by the owner for 25 M THB)
- Dual entrance (front and back)
- 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 on empty parts of the land which can be can be updated by an investor.? Additionally a local retired government engineer available to supervise construction:
- 3 four-floor apartment blocks with elevators (10 apartments per floor)
- Ground floor commercial space: 500 sq.m.
- Additional plans for two story apartments and a restaurant.
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 owners 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: 68 M THB (Discounted from 72 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, 6.8M deposit and 3% on remaining 61.2M with monthly interest only payments at 153k 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 ent
- 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.
