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Price Reduced - Waterfront Resort In Gili Meno For Sale

Gili Meno, Nusa Tenggara Barat, Indonesia
Asking Price:
$495,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

The Resort is now being offered for sale at $495,000.00. A 30% deposit is required with interest free payment terms over three years of $9,625.00 per month.

The Gili Islands are world renowned and are located just 2 hours from Bali by fast boat and only 90 minutes from the Lombok International Airport. The resort Meno Mojo Beach Resort is on the tropical paradise island called Gili Meno, a waterfront property overlooking North Lombok and Gili Air. .

It consists of seven apartments, a 2 bedroom ocean view villa, commercial kitchen, bar, waterfront restaurant that seats up to 60 people, 5 gazebos, outdoor kitchen, sun lounges and additional dining areas. The Balinese style pavilion is the perfect place to relax and enjoy cocktails and seafood BBQ's

The resort also owns another 1400sqm of vacant land for future development behind the existing apartments. We have plans (building permit approved) to add another 16 rooms and a swimming pool, these ideas will be shared with potential buyers.

We also own another resort on the island and can offer potential buyers on going management and marketing services. We are affiliated with all the Major online booking companies and have signed agreements well over 100 offline wholesale agents and travel agencies around the world.

This is a genuine offer for a property discounted to sell quickly. Understandably trade is slow at present however we are already seeing positive changes and government predictions of the reopening of airports and the early introduction of travel corridors by July, 2021.

As a medium to long term investment this resort has it all, great location, beautifully appointed apartments, solid reputation with travel agents and the scope to expand and grow the business.

Next Year, the Moto GP will be held on the newly constructed track at Lombok. The super bikes, formula E and other reaches will also be staged at this track. These events will put Lombok on the world stage with the Gili Islands being featured and well supported as an after race destination. 2022 will be and exciting year.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

At present there are not any on site managers quarters however this can be added. We also own villas on the island that can be rented at a very reasonable rate.

Location:

Waterfront location, near from the main harbor on the east coast of Gili Meno

Premises Details:

7 waterfront apartments, 1, 2 bedroom villa, beachfront restaurant, cocktail bar, kitchen, front office .

Size in square feet:
2250 sqm
Planning Consent:

Government permits have been obtained to build the resort. All other licenses such as resort operations, alcohol and restaurant ops have been obtained.

Business Operation

Expansion Potential:

There is 1400 sqm of land behind the existing apartments. We have considered a number of different master plan designs which we will share with potential buyers. We can also assist with construction as we have extensive experience with island construction.

Competition / Market:

There are only 2 other waterfront resorts with the same star rating as Meno Mojo. New resorts are being built on the island, those being Bask, Le Pirate and Santika water park. This is good news for the island as we move out of the covid recession. .

Reasons for selling:

I have another business in Bali that has recently been awarded a contract in central America that will keep us extremely busy. This project could run for up to 3 years with considerable travel involved, we therefore will not have the time to devote to the further development of Meno Mojo.

Trading hours:

Seven days a week 7 am until 11pm

Employees:
8
Years established:
July 2018

Other Information

Support & training:

As mentioned earlier in our presentation, we own another resort on the island and we can offer long and short term management and marketing services. We will also assist with introductions to government and island official. Gili Meno is a very friendly place that relies on tourism.

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

We can offer potential buyers the following payment terms;
- 30% deposit payable at the time contracts are signed
- 36 equal payments over three years.

Furniture / Fixtures value:
$152,000 (USD) - included in the asking price
Inventory / Stock value:
$8,000 (USD) - included in the asking price
Website:
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Related Documents:

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