Wellness Center Opportunity: Investor�s Dream

Sold
68000000
250000
/ Month
Bed Image svg
12
Bedrooms
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15
Bathrooms
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m2
Living_area
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3653
Wah.
Land_area

Flexible Sale or Lease Terms � Invest in Chiang Mai Real Estate

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.
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