The Petitenget area of greater Seminyak has become the new leader in the medium to high end market segment of the rental for investment property market and currently appreciating at unparalleled levels.
This seven unit Villa complex is set on 1,500 sq metres land and it is located in the heart of Petitenget. The average size of the land for each unit is 193 sq metres. Each unit has 2 bedrooms and 2 en-suite bathrooms with Private Pool and Parking (excluding villas 1 and 4) and are being constructed in consultation with a locally based Australian Project Management and Construction Consultant. These villas are being constructed for either buy for investment and subsequent rental or for private secluded living in the heart of Petitenget. The potential RENTAL RETURN on the rental market (under a villa rental management agreement) is currently grossing on average between US$220-325 per night for a 2 bedroom unit similar to this villa.
This project presents an opportunity to buy into a very good development in a secure area with a well thought out design at a prestigious address that attracts excellent up market Rental plus Capital Gains.
The selling price starts at US$ 305,000 (unit 4) purchased now off plan or while in the early stages of construction. The price upon completion will be in the order of US$ 390,000-$US 420,000 depending upon which unit is chosen with Return On Investment of approximately 16% per annum with a captial gain of, conservatively 15% per annum.
The villas are available for interested investors or owner occupiers with completion of stage 1 anticipated to be in the second half of 2015. The units are offered for sale on a 30 year lease agreement with the land owner with the option of an additional 30 years that can be exercised by the purchaser.
The units are offered for sale on a 30 year lease agreement with the land owner with the option of an additional 30 years that can be exercised by the purchaser. The option to convert to a HakGunaBangunan lease agreement is available to Indonesian citizens and PT PMA companies.