VILLA KOKITA, GILI TRAWANGAN, INDONESIA SALE 2011
Asking Price USD 650,000
Villa Kokita is 18 months old and is fully freehold.
Hotel licenses paid up for the next three years.
Title / 8.5 ara.
Prime location – absolute beachfront location with stunning views of Mt Renjani.
14m x 4m salt water pool/infinity pool concept.
4 luxuriously appointed rooms with stunning bathrooms, all opening on to pool verandah/deck.
Can be rented out as one villa/guest house or individual rooms.
Two managers’ flats available on separate title.
Includes onsite sewerage treatment plant (eco friendly).
Price includes all goods/chattels.
Fully insured with additional option of tsunami insurance (500-$600 pa to insure for ¼ million USD with Elliot’s). Full risk assessment survey for rebuilding cost).
Fully operational business with website and agent association in place.
Villa Rental/Yield
Low Season - US$100 p/night per room (USD 400 villa rental)
Mid Season - USD450 villa rental
High Season - USD500 villa rental
Currently average 80% occupancy/15-20% net return
Therefore 4 rooms @ USD 100 per night on conservative 10 month occupancy = USD 120,000 income per annum
Current Outgoings
Electricity USD 120 pcm (USD 30 per room per month)
Water USD 300 - 400 pcm
Wages USD 750 pcm (Western Manager, 3 Indonesian staff)
Laundry USD 80 pcm
Supplies USD 400 pcm
Island Security USD 30 pcm
Garbage Collection USD11 pcm
Additional Development Opportunity - USD500,000
4 x 1.5 ara blocks of land, all with freehold title and building IMP’s in place as well as hotel licenses for all villas, located directly behind Villa Kokita
Plans approved for additional 4 separate 2 x 2 Bedroom Villas
Rental potential USD 200 per night per villa
Option of spa facility development.
Combined Purchase Price of both Properties USD 1,100,000
Potential of 10-12 rentable rooms @ USD100 per room per night (USD 325,000 – 350,000 pa).
Additional Information
Option to purchase desalinator for negation of water costs (approx USD 20,000 purchase price).
