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SEMINYAK – BALI

August 6, 2018 by Ashok Kumar

Only Two Villas Left!

 

A quiet oasis in bustling Seminyak, less than 200 meters to Seminyak’s famous Eat Street, 5 minute’s stroll to Revolver Espresso and Sisterfelds Cafe and just 15 minute’s stroll to the beaches at La Luciola and Ku De Ta, these three one-bedroom villas are in the heart of Seminyak’s bustling shopping, restaurant and bar district.

Offering the perfect balance between owner lifestyle and high yielding holiday rental investment, experience shows that villas in that location achieve more than 75% average occupancy and generate a Return on Investment (ROI) of 11% per annum on average.

Due for completion in mid 2019, the villas will have an air conditioned king sized bedroom with en-suite bathroom. The spacious open plan living, dining and kitchen area will flow out onto a private pool surrounded by lush tropical garden.

Seminyak is undoubtedly one of the most cosmopolitan areas of Bali and these villas will be highly sought after as holiday accommodation.

ABOUT US:

Since 2015 we have successfully built and sold luxury villas to international buyers. We pride ourselves on our dedication and commitment to building quality villas that appeal to the discerning buyer or investor and to helping you through the process.

We offer a turn-key solution to owning a villa on Bali.

Our professional in-house team offers a full interior decorating and furnishing service to meet your style and to prepare your villa for immediate rental.

We will obtain the local villa rental permits for you, and assist in all your legal needs

Villa management services are provided.

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Overview

The proposed purchase structure and associated documents seek to protect the interests of both the Purchaser and the Developer. In particular, the Purchaser will benefit from being the registered owner of the sub- leased land from the commencement of the villa project. This structure has been prepared in conjunction with international property lawyers and notaries, and reflects the legal and professional advice received from them.

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Rectangular Pool Option

Built over 40 sqm on 75 sqm of land, each villa consists of a double bedroom with en-suite bathroom, open plan living, dining and kitchen and private swimming pool. For versatility the king sized bed (Australian king 180cm wide) can be split into two single beds.

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Floor Plan of Villas showing swimming pool options

Documentation and Payments
The Land purchase and villa construction will be governed by three legal documents: (1) the Sale and Purchase Agreement, (2) the Land Sub-Lease Agreement and (3) the Construction Procurement Agreement.

1. Sale and Purchase Agreement (SPA)
This document sets out the terms of the full transaction for a 1-bedroom villa at the agreed sale and purchase price of US$198,000, defining the land area and the proposed villa development, and detailing the obligations of both parties. In order to secure the right to buy the villa under the above terms, following signing of the SPA and completion of the Notary’s Due Diligence Report, the Purchaser will pay a Reservation Deposit of US$20,000.

2. Sub-lease of Land (Lease Agreement)
This provides for the transfer of the leasehold interest in the land from the Head Lessor to the Purchaser as Lessee. This document will be prepared by and signed in the presence of a local Notary on Bali.

The consideration for the transfer of the leasehold will be US$ 40,000, paid in two payments. The first land lease payment of US$20,000 will be payable on signing of the Sub-Lease Agreement at the Notary office and paid to the Notary’s bank account. The second land lease payment of US$20,000 will be paid on handover of the completed
villa.

3. Construction Procurement Agreement (CPA)
This document sets out the terms under which the Purchaser will make payments to the Developer during the period of construction of the Villa, and will be signed at the same time as the CPA. The Agreement will set out the details of the villa and the total cost of construction US$158,000.

In addition to the Deposit of US$20,000, the purchaser will make four payments during construction. The first payment US$35,000 will be due at the time of the first land lease payment. Two further payments of US$ 35,000 each will be made when the construction of the villa is 25%, 50% and then US$ 33,000 upon 75% completion.

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PAYMENT STRUCTURE

There are only three villas in the development. Each villa carries a renewable land lease of 25 years. The building permit allows for the villas to operate as a holiday rental. The Progress Payment summary appears below, as explained previously in this document.

Payment

Completion %

USD $

Construction stage payment:-

Deposit

n/a

20,000

On signing Sale & Purchase Agreement

1

n/a

20,000

On signing of Lease Transfer agreement

2

n/a

35,000

On commencement of build

3

25%

35,000

Foundations and walls complete

4

50%

35,000

Roof installed

4

75%

33,000

Pool structure complete

5

100%

20,000

On handover

Total

US $198,000