The site of the Australian embassy in Sathorn area, almost eight rai of land, is being offered for sale by expression of interest, according to the appointed sole agent JLL.
The compound covers 7 rai 382 square wah (12,728 square metres) of freehold land on South Sathorn Road, one of Bangkok’s prime commercial and residential addresses.
Suphin Mechuchep, Managing Director of JLL, said apart from an excellent location in the heart of Bangkok’s central business district, what makes the property even more attractive is that Sathorn Road is defined by the Bangkok town plan as an area for high-density mixed-use development with an allowable floor area ratio (FAR) of up to 10:1.
“With ample frontage facing Sathorn Road, a new real estate project developed on the site will enjoy the 10:1 FAR ceiling, and flexible high density development options such as luxury condominiums for sale, prestigious office development for lease or sale, iconic head office for a reputable company or a landmark mixed-use development,” she adds.
The closing date for offers is early June.
