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Introduction
15-Loft Units on Freehold Land
We vetted multiple agents, builders, lawyers and property investors, and here is an overview:
Location: Berawa/Canggu/Pererenan (Most desirable location in Bali)
Average Size: 300 square meters (3,230 square feet)
Average Cost To Build: $636,250
Average Time To Build & Rent: 18 months (modest)
Average Annual Income: $137,700
Average Occupancies: >90% (even throughout the global pandemic)
Average Rental Market Appreciation: 4% (per year)
Average Breakeven: Year-4
Annualized ROI (Over 10-Years): >25%
Description
Bali has long been a well-known holiday destination. But as more remote workers uproot their lives in pursuit of a better quality of life, Canggu Bali is their most sought after location in the world.
These travelers can choose between a variety of accommodations, including hotels, home-stays, apartments and private villas, but the only rental markets unaffected by the global pandemic were Bali’s luxury villas and loft-units, which maintained over 90% occupancies.
For the price of an undesirable basement studio apartment in a major metropolitan area, we can provide these travelers with furnished luxury lofts with dramatic views of rice paddies and volcanos, accompanied with full-time staff and security.
Property values in Bali are expected to continue increasing from 4-8% per year, with some estimates going as high as 16% per year. Our estimates of Bali's growth mirror Goldman Sachs', at 18.4% growth by 2024. Either way, both the quality of life and returns are tremendous.
Our development partners have been building some of the nicest multi-family units in Bali for three generations. They handle everything from sourcing land to architecture, development, furnishing and maintenance. And they can build one of these units every few months, creating dozens of jobs in the process.
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