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Area of Land

Location: Bangkok

Listing ID# BKK14137

Price: 8,000,000THB

BUSINESS SUMMARY

A sizeable Area of Land has become available for rent right in the heart of Bangkok’s Nana district on a long lease basis. The land measures 274 square wah (1,096 square metres), and sits in a residential area within walking distance of the Soi Nana entertainment amenities. As the landlord strongly believes in the potential of this location, he has already performed a market study on the construction of a residential complex of 46 rooms plus parking facilities. The legal process has already been undertaken in the aim of obtaining the approval of the government, and all licenses are already in hand. Nevertheless, he feels that he would prefer to pass on the whole project to an investor by leasing out the property, rather than applying for a loan from the bank himself. Architectural designs, plans, financial projections, and copies of the licenses are available to be reviewed by motivated buyers.

Two options are put forward for consideration: a 20 year lease term with a renewal option on completion can be secured on payment of 8,000,000 baht in key money, or a 30 year lease with an option to renew is available for key money of 10,000,000 baht. Monthly rent is fixed at 250,000 baht for the first 20 years in either case, rising to 291,666 have for the last 10 years in the second option. No security deposit is required. Asking price: 8,000,000 baht (or 10,000,000 baht for 30 year term).

[sunbelt][/sunbelt]

Edited by SunbeltAsiaAdvisor
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