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Apartment In A Resort - Gili Meno For Sale

Gili Meno, Nusa Tenggara Barat
Asking Price:
$75,000 (USD) Furniture / Fixtures included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Not applicable

Kura Kura Resort is located in the famous Gili Islands, North Lombok, Indonesia. The resort has 15 apartments, 2 restaurants, massage and beauty salon, 16 metre swimming pool. The resort is positioned in the main harbour and located adjacent to the arrival area for the island. Kura Kura Resort opened in March 2016 and has already achieved a 65% occupancy rate.

Tourism in the area is booming and based on an independent report ( included in this presentation ) The Gili Islands can expect an increase in arrivals of approximately 35% for 2016 / 2017

I have only one apartment left for sale and i would like to move it quickly, please see the financing section for more details.

Further information available upon request, please contact seller below for further details.

Property information

Real Estate:

Lease

Lease Terms:

There is a copy of the lease agreement attached. In short, apartment owners can use the apartment for 30 days per annum. The income is split 60% ( owner ) 40 % for our management company. please review the lease agreement and email any questions you may have.

Leasehold Rent:

7,500.00 p.a, guaranteed per annum

Living Accommodation:

investors have 30 days free stay per annum

Location:

The resort is located in the main tourist area on Gili Meno. Spectacular views from the waterfront restaurant. lots of walk in business for the resort rooms and restaurants.

Premises Details:

15 rooms on 1500sqm. swimming pool, massage and beauty salon, 2 restaurant areas, commercial kitchen, bar, gelato bar. International tv systems for sports broadcasts. 8 rooms have been sold with only 2 more available for purchase.

Size in square feet:
rooms are 36sqm
Planning Consent:

All government approvals have been obtained such as IMB and operational permits.

Business Operation

Expansion Potential:

we will add a bakery and delicatessen within the next few months. The Lombok government have announced that a new jetty / pier will be built this year which will substantial increase visitors to the islands. It was also announced last week that 2 flights a week from China will be arriving in lombok.

Competition / Market:

We are the only resort in the area with a swimming pool and high end accommodation. There are another 2 small resorts, one next door, very ordinary, the other 200 metres away, very expensive, no privacy, no pool.

Reasons for selling:

My initial plan was to sell 10 apartments and retain 5 for the management company. 8 apartments were sold during the construction phase. Due to the operational and marketing pressures of running the resort we had no time to market the villas. please check www.booking.com for our resort reviews.

Trading hours:

restaurant and bar 7am until 11pm

Employees:
approximately 32
Years established:
11 months

Other Information

Support & training:

there is no training required

Financing available:

as this is the last apartment we have for sale, we offer potential investors terms of a 50% deposit with the balance payable over 4 years During the first 3 years, the investor will be entitled to our guaranteed return on investment of 10% per annum. this return can be credited towards the loan repayments. more details available on request.

Website:
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Related Documents:

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