This property is a 420 SqM hotel with 5 bedrooms and 7 bathrooms that is available for sale. It is located in Luang Nuea, Chiang Mai. You can buy this hotel for a base price of ฿19,900,000 (฿47,381/SqM).
This is a small private resort like development in upscale Luang Nua, Doi Saket
The main building consists of a two story home on the ground floor a large living / dining area, aircon, surrounded by glass doors and windows to enjoy the views, a guest bathroom and a fully equipped western kitchen all with high ceilings as well as a large covered porch poolside.
The second floor consists of two large bedrooms with en-suite bathrooms, aircon and an extra room that can be used as an office or can easily be converted into another bedroom all with stunning views and 3.20 meters high ceilings .
There are 3 bungalows on the property which are rented out and currently bring an income of 42.000 Baht every month.
The Bungalows are 54 m² + porch.
Living Room, kitchen with gas-stove, hood microwave, bedroom with aircon en-suit bathroom , guest toilette, office, furnished,bedroom with air-con and bed with quality Dunlopillo mattress, the pool is shared by the residents.
There is also a 65 seat restaurant / bar on site with a fully fitted kitchen air con inside and outside seating,poolside dining, beautiful mountain views across the surrounding rice fields.
The restaurant can easily accommodate 100 + guests for functions by incorporating the pool area as well. If the restaurant is not needed in can be converted into another home or large family entertainment area.
The pool is a 12x4.8x1.4meters fiberglass pool and a jacuzzi overlooking the rice fields both are easily maintained with 2 Emaux sand filter pumps.
Beautiful mature palm trees give an exotic beach feeling and the green part of the property is easily maintained.
The area is very relaxing and quite, like your own private “island” accessible only by your own private road into the rice fields. Beautiful views all around.
Enjoy the best of both worlds - quite country living but Chiang Mai's largest shopping center Central Festival, Big C are only 20 minutes away.
There are several western & Thai restaurants and cafes in the area as well as a small market, 7/11, Lotus Express, Mini Big C in Doi Saket. World famous Tao Garden Resort is only 2.5 km away.
Lots of upmarket properties in the area have driven up land prices over the last 10 years creating good investment value.
The access road provides great value and brings incredible investment opportunity because it gives the owner the possibility to acquire more rice-field land if needed at incredible discounted price for the area since the land beyond and beside the property has no other access.
The price is an absolute bargain compared to the opportunity and other properties for sale in the wider area.
Location is in Luang-Nua, Doi Saket literally built into the middle of rice fields.
Electricity, water, internet is all connected and there is a 4.9 kw solar roof system which keeps the electricity bill even with 2 pool pumps running 8 hours a day extremely low. Bungalow residents pay for their electricity as per meter.