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We are offering a fully furnished pre-completion sale price of US$265,000, based on a 50 year contract. To take advantage of this initial offer price we would require a deposit of 10% and have contracts signed by June 30th 2007. After this date the remaining villas will go on the market at US$275,000.
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| Rental Income forcast based on 2006 occupancy levels |
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Forecast based on worst case scenario |
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| Occupancy Levels |
High Season $175 |
Low Season $125 |
Occupancy Levels |
High Season $175 |
Low Season $125 |
| January 2006 50% |
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$1,937.50 |
January 30% |
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$1,162.50 |
| February 40% |
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$1,400.00 |
February 30% |
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$1,050.00 |
| March 50% |
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$1,937.50 |
March 30% |
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$1,162.50 |
| April 50% |
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$1,875.00 |
April 30% |
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$1,125.00 |
| May 70% |
$3,797.50 |
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May 50% |
$2,712.50 |
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| June 85% |
$4,462.50 |
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June 65% |
$3,412.50 |
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| July 85% |
$4,611.25 |
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July 65% |
$3,526.25 |
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| August 85% |
$4,611.25 |
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August 65% |
$3,526.25 |
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| September 85% |
$4,462.50 |
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September 65% |
$3,412.50 |
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| October 70% |
$3,797.50 |
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October 50% |
$1,875.00 |
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| November 2005 50% |
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$1,875.00 |
November 30% |
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$1,125.00 |
| December 2005 70% |
$3,797.50 |
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December 50% |
$2,712.50 |
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| Total |
$29,540 |
$9,025.00 |
Total |
$21,178 |
$5,625.00 |
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| Total |
$38,565 |
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Total |
$26,803 |
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| Less Annual Costs |
$5,269 |
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Less Annual Costs |
$5,269 |
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| Total |
$33,296 |
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Total |
$21,534 |
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| Less 2% Sinking Fund for Repairs |
$665 |
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Less 2% Sinking Fund for Repairs |
$431 |
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| Less 30% Management Fee |
$9,988 |
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Less 30% Management Fee |
$6,460 |
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| Total |
$22,643 |
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Total |
$14,643 |
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| ROI on $265,000 ex capital growth |
8.5% |
ROI on $265,000 ex capital growth |
5.5% |
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| Copyright © 2007 Paradise Property. All rights reserved |
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The first forecast is based on actual occupancy levels in Gili Trawangan during 2006. This period immediately followed the second Bali bomb so occupancy levels were much lower than we would have expected.
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The second forecast is a worst case scenario based on occupancy levels lower than we have experienced in the last eight years. So far in 2007, there has been a 30% increase in occupancy levels as compared to 2006.
Based on these forecasts the expected return on your investment is around 10% per annum from rental income alone.
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Over the past years land and property prices throughout Lombok and the Gilis have been consistently rising and are expected to continue for many years to come. Gili Trawangan is a small island and is the most popular tourist destination in the Lombok area.
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A recent initiative by the government to increase tourism in Lombok, combined with the construction of the new International airport, is set to increase tourism numbers dramatically.
As a result of this there will come a time when investment opportunities on Gili Trawangan become limited, which can only increase the value of existing properties.
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The Gili Villas are ideally located to maximise capital growth. As non-Indonesian residents can not own land freehold in Indonesia, property investment is commonly dealt with by way of a renewable leasehold contract.
The advantage of a Lease means that the foreigner's name is registered on the lease, and it is legally notarized by a Public Notary.
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For more details of the legal steps required, please contact us at info@ppbali.com
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