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Tropical Island Resort In Gili Meno For Sale

Gili Meno, Nusa Tenggara Barat
Asking Price:
$585,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Not applicable

Meno Mojo Beach Resort is located on the beautiful tropical island of Gili Meno, one of the very famous Gili Islands just off the main island of North Lombok. I purchased the property 2 years ago and at that time there was a 2 bedroom villa, waterfront restaurant, kitchen, bar, spa and another 1400sqm of land for future development. The villa is sold to an Australian investor however the resort retains 40% of the income. I decided to knockdown the existing buildings on the beachfront and erect seven waterfront apartments. These are luxurious and are at present attracting rentals. I have marketed these with Online and offline travel agents and have received several bookings for late July thru to October. The resort is fully functional and has all the required operational licenses.

Behind the existing apartments is another 1400 sqm of land for future development. i have worked on a couple of plans whereby an additional 12 single level apartments could be added or going two storey another 20 apartments could be built, there would also be room for a resort swimming pool.

Tourism to the region is growing and is aided by the federal government initiatives to make Lombok the next Bali like destination. Air Asia ( low cost budget carrier ) has recently made Lombok it's 5th Indonesian Hub and have added new routes from Perth Australia, Singapore, Jakarta, Yogyakarta and Bali. Other airlines from China and Japan may soon be the next to service Lombok.


My main reason for selling the resort is because I have developed other business interests outside of Indonesia. I will however retain another small resort on the island and am willing to assist the new buyer in anyway we can. This truly is a fantastic opportunity to purchase prime real estate on a tropical island that has enormous potential.

Property information

Real Estate:

Real Property Included

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 and the resort is located on the main road just 600 metres from the main harbour.

Premises Details:

Stage one of Meno Mojo consists of seven waterfront apartments and 1x 2 bedroom villa. There is also a 60 seat beachfront restaurant, bar and plenty of sun loungers to relax on. Behind the waterfront apartments there is 1400sqm for further development.

Size in square feet:
2,250 sqm
Planning Consent:

Government permits have been obtained to build the resort .

Business Operation

Expansion Potential:

Stage 2 planning is underway, there is 1400 sqm of vacant land behind the apartments. We are drawing up plans to build another 12 units, swimming pool and tropical gardens.

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:

Although i will continue with other business interests on the island, i am also involved with project development in Panama that needs my attention. I will be spending more time outside of Indonesia.

Trading hours:

Seven days a week 7 am until 11pm

Employees:
7
Years established:
July 20th 2018.

Other Information

Support & training:

As requested by eventual buyer.

Furniture / Fixtures value:
$120,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price
Website:
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