Sale, apartment, 36m², Pali, Bijelo Polje

Description

An apartment complex including 80 units: studios, 1BR and 2BR apartments. Rooftop with a swimming pool and BBQ area, commercial premises, coffee shop, restaurant, sauna, spa complex and fitness center.

Additional Information: Address: Sanur map Form of ownership: Leasehold 25 + 10 years (fixed price) | in the future, priority renewal at a commercial price Start and end of construction: February 2024 - December 2025 Cost of m2 at presale: $2700 per m2 Installment plan. Payment plan No. 1: 50% down payment, then 10% every 3 months

Installment plan. Payment plan No. 2: 15% first payment from the price list, then 15% every 3 months Contractor: in the process of selection Financing: Own funds Management company: In the process of selection Warranties: 5 years for construction, 2 years for finishing.

Technical details: Technical supervision: Yes Taxes: Included in the deal Ground Type: Pink

Presale price: Apartments

Studio 36 sq. m+ 7m2 - $99,000 1 bedroom 52 sq. m+ 14 m2 - $156,000 2 bedrooms 77 sq. m+26 m2 (terrace) - $245,000

Financial model

Studio 1 BR 2 BR Price per sq.m. $2,750 Area, sq.m. 36 51 76 Management fee per year, % 20% Unit cost, $ $99,000 $140,250 $209,000 Average occupancy in Bali, % 80% Average rental price on AirBnb per day, $ $120 $170 $220 Income tax and other tax deductions 10% Average rental yield per year taking into account occupancy, $ $35,040 $49,640 $64,240 Maintenance cost per year, $ $5,000 $6,000 $6,000 Studio 1 BR 2 BR ROI % ROI % ROI % 1 year $20,729 21% $30,341 22% $40,853 20% 5 years $103,644 105% $151,704 108% $204,264 98% 15 years $310,932 314% $455,112 325% $612,792 293% 25 years $518,220 523% $758,520 541% $1,021,320 489% 4Q 2023 1Q 2024 4Q 2 2027 Cost per 1 sq.m., $ $2,700 $3,000 $4,000 $4,500 $5,000 $5,500