Description

This partially completed Bangkok Property has become available due to the owner's need to return to his homeland overseas to deal with problems that have arisen with another property. Sitting in the Suttisan area of the city, not far from Ratchadaphisek Road and a Metro station, the building offers an investor the opportunity to complete the project as an investment, development, business or home. A land area of 100 square wah (400 square metres) with a Chanote freehold land title deed can be acquired, along with the concrete structure, swimming pool excavation and architectural plans drawn up by a leading international designer. On completion there will be 420 square metres of floor space to utilise, including two living rooms, three bedrooms, three bathrooms, maid's quarters and a fully fitted kitchen. There will also be an outdoor living area, a two car carport and the 30 metre pool. Located in a quiet soi, the property is within easy reach of international schools, shops, restaurants, cinemas, public transport, a gym, markets and an Olympic sized swimming pool. Similar homes in the Bangna area, on the outskirts of the city, are selling for between 25,000,000 baht and 30,000,000 baht, without a swimming pool. This property can be acquired for only 10,000,000 baht, and it is estimated that only another 5,000,000 baht would then be needed to reach completion. The owner is confident that market forces would dictate a value of at least 22,000,000 baht for the completed project, meaning that the investor could complete the construction and earn a quick profit if the development was then to be sold.

Posted Jan 26, 2011

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