Expressions of Interest Invited
Please email for more information [email protected]
We are delighted to offer FOR SALE a great resort in CANGGU. Consisting of a luxurious collection of private villas, where modern elegance meets tropical serenity. Perfectly designed for both leisure and investment, CANGGU offers an exclusive living experience with unparalleled privacy and comfort.
THIS IS A FANTASTIC OPPORTUNITY TO LIVE IN AND EARN SHORT TERM RENTAL INCOME OR AN OPPORTUNITY TO CREATE A SIGNIFICANT INVESTMENT PROJECT WHICH COULD BE RUN AT AN ARMS LENGTH AS A RESORT WITH A MANAGER IN PLACE
Potential to earn $400,000 per year
Property Overview
Current owners built the complex new 9 years ago and it has been exceedingly well maintained and is both spacious and modern.
For an astute investment there is the opportunity to get an immediate return of their money by buying as a whole and then creating a company to sell off individual villas within the complex or to buy it as a going conceren
Total Units:
FINANCIALS
ROI Detail 2023
Occupancy was at 45% to 50% over the 9 months to September 2024.
This was due to construction of villas and showrooms on all 3 sides of the complex that made most of the Lime villas unrentable due to excessive noise.
However, the business still managed to make a profit as per the actuals as follows.
Results.
Gross Av. Monthly income during that period, (Jan 2024 to Sept 2024) ,A$24,700
Less monthly overheads A$13,600
Nett Profit (,Net) A$11,000
Net profit for the above 9 months A$99,000
ROI Forecast
Moving forward to forecast with a performance, to take into consideration with all construction complete in the immediate area and all family and friends free accommodation cancelled & professional management installed
Based on historical evidence , Lime has consistently performed to industry standards at around a constant 70% occupancy.
Based on 70%, using low season room rates
2bed Villas @ A$345/nite x 255days/nites (70%) =A$87,000 x 4 Villas = A$350,000
1 bed Villas @ A$320/nite x 255 =A$61,000 x 2 Villas = A$122,000.
1Studio unit @ A$51/nite x 255 =A$15,000.x1 = A$15,000
GROSS ANNUAL INCOME = A$487,000
Less OVERHEADS = A$87,000
NETT PROFIT = A$400,000
Two-Bedroom Villas
One – Bedroom Villas
Location
Leasehold
Current lease is 22 years with option to renew