Investors Dream - Wellness Center And Foundation For Sale Or Lease

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 - 5M/ Rai.  The adjacent land is selling for 7-10M/Rai)

- 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 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: 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 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!