Saigon Afternoon on Le Van Sy Street
In the late afternoon, sitting and sipping a coffee at the corner of Le Van Sy and Ba Sa, I always enjoy the bustling yet very Saigon atmosphere. People and vehicles pass by busily, with various shops lined up next to each other. The good thing is, despite being in the center, this street still retains its simplicity and familiarity. And today, I want to share with you a pretty good investment opportunity on this very street.
409A Le Van Sy – Not Just Any Property
To be honest, frontage properties on Le Van Sy aren't always available for sale, especially those with a large frontage like this one. 409A Le Van Sy, Ward 12, District 3, has a real area of 280m², a recognized area of 208m², a frontage of nearly 13m, and a length of nearly 28m. What's the advantage of a large frontage? It's simple: flexibility in business, leasing, or even rebuilding. It allows you more choices instead of being limited by a small area.
Monthly Cash Flow of 270 Million VND – Peace of Mind
What I like most about this property is the cash flow. Currently, the house is leased to a coffee shop for 270 million VND per month. The lease is valid for another 4 years, and the price increases by 10% every 2 years. That means your cash flow will increase steadily over time. Buy it and hold it, receive rent every month – isn't that a dream for many people? You don't have to worry about finding tenants or spending time managing it. Everything is taken care of.
2-Story Structure – Development Potential
The house currently has a 2-story structure. To be honest, with such a good location, you can completely rebuild it into a high-rise building for business or office rental. Or, more simply, you can renovate the facade and upgrade the interior to increase the value of the property. The development potential of this house is very large.
Clear Legal Status – Quick Transaction
The legal status of the house is very clear, with a private pink book, individual ownership. This makes the transaction faster and smoother. You don't have to worry about complicated and time-consuming legal issues. You can rest assured to complete the purchase and sale procedures in the shortest time.
Price of 145 Billion VND – Worth the Investment
The selling price of the house is 145 billion VND, equivalent to about 697 million VND per m². Compared to the general price level of frontage houses in the central District 3 area, this price is quite good. Especially when you consider the stable cash flow that the house generates. This is a worthwhile investment opportunity for those looking for a high-yielding asset.
Contact
If you are interested in this property, please contact Tuong Villa at 0934 161816 for more detailed advice.
