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!