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Currently leased and operating as a hostel. The rental contract ends in April 2027. You can choose to continue renting it out for passive income or manage it yourself for higher returns!prime location in Chiang Mai! High demand for rentals, perfect for a hostel business with great profit potential. The building features:
Foreign nationals can own the building (townhouse) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand in their own name. The options for a foreigner to make use of the land are via a long-term lease or by investing in a Thai company that owns the land.