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Prices Slashed, Brand New Waterfront Apartments Business For Sale

Gili Meno, Nusa Tenggara Barat
Asking Price:
$98,500 (USD) Furniture / Fixtures included
Sales Revenue:
$15,000 (USD)
Cash Flow:
Not applicable

This business for sale comprises 7 brand new waterfront apartments for sale under a 100 year lease agreement on the beautiful island of Gili Meno. There are 2 larger apartments that have been reduced by 40% with the deluxe apartments reduced by 20%.. All apartments are now priced at usd 78,000 ( plus 10% government tax ).Tourism to the island is growing which is a direct result of the president of Indonesia declaring Lombok as the next island to develop like Bali. Some big announcements have been made which includes the construction of a Moto G.P. track with the first race scheduled for 2021. Air Asia have also announced that the airline will make Lombok Praya airport its 5th Hub in Indonesia. This will include new flight routes from Australia, Singapore, Yogyakarta and Bali.

Apartment owners have 30 days per annum free stay in their apartments. The remainder of the year they are rented and the income is split 60 / 40 in favour of the investor.

We are an established company on Gili Meno and have another resort and property on the island. Our company has an exceptional reputation and have been associated with Gili Meno and it's people for over 15 years. We look forward to receiving your inquiries.

Property information

Real Estate:

Lease

Lease Terms:

A 100 year lease, please see attached.

Leasehold Rent:

$7,700 (USD) per annum

Living Accommodation:

investors have a free stay period of 30 days per annum

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:

Stage one of Meno Mojo consists of seven waterfront apartments and 1 2 bedroom villa. There is also a 60 seat beachfront restaurant, bar and plenty of sun loungers to relax on.

Size in square feet:
40 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 10 units, swimming pool and tropical gardens. We envisage work will commence during March 2019.

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:

This is an investment opportunity.

Trading hours:

seven days a week 7 am until 11pm

Employees:
18
Years established:
July 20th 2018.

Other Information

Support & training:

not applicable

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

We offer potential investors the option of paying a 50% deposit with the balance being payable over 5 years. Repayments can be partially offset using our 10% P.A. guaranteed return on investment for 3 years. Details will be provided on request.

Furniture / Fixtures value:
$15,000 (USD) - included in the asking price
Website:
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