Australian Embassy site up for sale
As construction of the Australian Embassy’s new premฌises near Lumpini Park nears completion, that country’s Department of Foreign Affairs and Trade has decided to sell the site of the current embassy on Sathorn Road.
JLL has been appointed as the sole sales agent for the property.
The site occupies 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 Thailand, said the Australian Embassy’s site on South Sathorn Road offered one of the last large prime developฌment opportunities available on a freehold basis in the area.
Since the launch of the sales campaign, the site has already received strong interest from leading propertydevelopment companies. “To ensure that the site gets the widest coverage, we will also circulate details of the property to JLL’s offices around the world. This will be a very competitive bid,” Suphin said.
The Australian Embassy’s site on South Sathorn Road has been offered for sale by expression of interest. The closing date is early June.