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Stunning Beachfront Property In Gili Meno For Sale

Gili Meno, Nusa Tenggara Barat
Asking Price:
$685,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$100K - $250K (USD)

Beach front property at Gili Meno, the quiet achiever and most magnificent of the 3 Gili Islands. This is a partly developed resort that has enormous potential for further development. The resort is known as Meno Mojo and at present has 2 villas, commercial kitchen, bar, beauty salon and beach front restaurant. There is 1,750 sqm of vacant land for future development and plans have been drawn up and approved to build another 20 apartments. There are other development options that can be discussed with interested parties.

This property is priced to sell at just above land content price. A magnificent opportunity for developers or for those that want a lifestyle change combined with an excellent opportunity to develop a successful business.

For any further information, please contact seller below.

Property information

Real Estate:

Real Property Included

Living Accommodation:

accommodation can be arranged on the island

Location:

Meno Mojo Beach Resort is located on the east coast of Gili Meno, North Lombok. This is possibly one of the best beach front locations on the island with magnificent sunrise views and snorkeling on the reef at the front of the resort. There are no cars and motor bikes on the island but the resort is located on the main road just 600 metres from the main harbour.

Premises Details:

The resort consists of an 80 seat restaurant, 1 x 2 bedroom villa and 1700 sqm of vacant land for future development. There is a second villa ( ov1 ) which has been sold but Meno Mojo have retained 40% of the income as a management fee.

Size in square feet:
2250 sqm
Planning Consent:

government approval has been obtained for the construction of 20 apartments.

Business Operation

Expansion Potential:

Plans / detailed drawings have been drawn up to build 20 more apartments, 10 ground floor pool view and 10 ocean view apartments with magnificent over Mt. Rinjani and Gili Air. These plans have government approval, construction can start immediately. On request we will provide renderings, floors plans and a master plan. Potential investors can also consider plans on a smaller scale, we can assist with this. .

Competition / Market:

Meno Mojo has a very unique position on the island. it's isolated from the main toursist hub but has a lot of passing traffic ( people and horse and carts, no cars or motor bikes allowed on the island ) that stop at our magnificent beach front restaurant. there are no direct competitors within 500m of the resort.

Reasons for selling:

initially, there were 2 other partners involved in Meno Mojo. one based in Hawaii, very good friends and customers of mine in Bali. they are now approximately 76 years old and have decided to move to the mainland to be with their extended family. The other is a close friend from Sydney Australia. very similar circumstances , they now retired and do not want to inject capital into more construction. to Simpilfy the sales process, i have bought them both out at a reduced price with the trade off being i continue to run the resort and pay the expenses.

Trading hours:

seven days a week 7 am until 11pm

Employees:
18
Years established:
the villas and restaurant opened in August 2012

Other Information

Support & training:

i have been doing business on Gili Meno for approximately 12 years. in March 2016 i opened Kura Kura Beach Resort ( www.kurakuragilimeno.com ) which has been very successful and i intend to add budget accommodation to this resort on other land i own. I will be available to assist the new owner in the takeover with general operations for a period as required to ensure a smooth transition. I would also be prepared to assist with the construction of more apartments which would include project management and government liaison responsibilities.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

I am willing to consider a 50% deposit and payment of the balance over 2 years based on a sale price of usd 685,000.00

Website:
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Related Documents:

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