Retail rental rates Chiang Mai moat area

[Bassosa]

Hi everyone,

I have an opportunity to rent a large townhouse in the Chiang Mai moat area, about 300 meters from Thapae gate and about 100 meters from Loi Kroh road.

The ground floor looks particularly suitable for retail. About 8 meters wide and at least 20 meters deep. The intention is to subrent the ground floor (permitted by the landlord) as to recuperate some or all of our rent and develop the top floors for tourism.

Does anyone know what the going rates are for such premises in this particular area? Per m2 or talang wah?

The premises is an empty shell at present so the future subtenant would need to renovate/invest. Alternatively, we would invest and make it suitable for business.

Thanks in advance for your input.