CALL FOR INVESTMENT FOR SMALL BOUTIQUE HOTEL & ART GALLERY CAFE
To expand and develop a country villa near Chiang Rai Beach into a small boutique hotel with an Asean art gallery and cafe for tourists, artists, art lovers and collectors, targeting Greater China & Asean Total company shares: 10,000 Only 4,900 shares are available for subscription on a first-come, first-serve basis Cost per share: Thai baht 1,650 (CNY 310/ USD 50) Minimum 100 shares: Thai baht 165,000 (CNY 31,000/ USD5,000) About the present property The villa (2 storeys, 200 sq meters, 4 bedrooms, 3 bathrooms and kitchen) was designed by a prominent Thai architect and national artist, Chulathat Kittibutr, in a modern Lanna style. He also designed The Four Seasons Resort in Chiang Mai plus many other award-winning properties. The villa is built on a plot of land of about one rai (1,600 sq meters). The total market value of the existing land and property is currently estimated at 8 million baht (CNY1,640,000/ USD264,000).
The location
GPS:19°54’54.7”N 99°47’56.5”E 19.915194, 99.799028
The property is located about 300 meters away from Chiang Rai Beach by the Kok River, surrounded by lush greenery facing Mae Kok Golf Course nearby. It is only 3km from the city center and only minutes away, yet in quiet, peaceful natural surroundings. Apart from being very close to the popular Chiang Rai Beach, it is also very near to several other top attractions including Mae Fah Luang Art and Culture Park, Oub Kham Museum and Doi Kao Kwai (see Google map GPS: 19°54’54.7”N 99°47’56.5”E 19.915194, 99.799028).
Projected development plan The plan calls for acquiring an adjoining piece of land of about the same size (1 rai or 1,600 sq meters) as the existing land of the villa, making a total land area of about 2 rai (3,200 sq meters) forming a piece of “L” shaped land by a small brook that flows into the Kok River. The property can then be easily modified and converted into a small hotel with a maximum of 20 rooms.
Investment cost The total investment cost is estimated to be 9 million baht or about CNY1,860,000/ USD300,000. The estimate includes the purchase of the add-on land estimated to cost about 2-3 million baht (CNY410,000 - 615,000/ USD66,000-99,000), plus all design fees and building costs for an initial addition of 10 rooms and a gallery cafe.
Shares available for subscription
PROPERTY INVESTMENT OPPORTUNITY in
CHIANG RAI
OUTRIGHT SALE 8 MILLION BAHT For details and enquiries, please contact Mr Jaffee Yee Mobile: +66 (0)81 922 9063 Email: jaffeeyee@gmail.com WeChat: lannacountryboy Website: www.jaffeeyee.com
Total company shares will be divided into 10,000. Each share will have a value of 1,650 Thai baht (CNY310/ USD50). The minimum number of shares for each individual subscriber is 100 at 165,000 Thai baht (CNY31,000/ USD5,000). The maximum total number of shares available for subscription is 4,900 shares.
Ownership Law The holding company will be incorporated in Thailand as a private limited company, with a registered capital of three million baht in full compliance with Thai company laws. All shareholders will be fully informed by the company lawyer on all aspects of ownership rights, entitlements and liabilities. All shareholders are eligible to attend the annual shareholders and board meeting, and will also receive a copy of the company’s fully audited annual financial report.
***Outright sale of the existing villa and land can also be considered for 8 million baht or CNY 1,640,000/ USD 264,000***