Bali Kuta Residence
Ref:
70106
Type:
Apartment (New, Offplan)
Location:
Kuta, Bali, Indonesia
Price: 36719.1 EUR (49500 USD)
2 bedrooms, 1 bathroom
Recommended
Pool
Garage
Distance to beach: Short walk to beach
Distance to town: Short drive to the town
The Development
Within the complex landscaped grounds there is a choice of round the clock dining that includes in-house service. Water falls enhance the boundaries, amenities such as a large swimming pool, bar, cafe and restaurant, business centre, spa, massage, gymnasium, convenience store, secure car parking and a sporting arena.
The BALI Kuta Residence concierge will assist in local knowledge from directions to the best local services like transport and dry cleaning to knowing where to find expert health practitioners for chiropractic, dentistry and hospital requirements.
You can buy a beautiful apartment in this first four star managed, apartment complex in the centre of Kuta.
With flexible investment options, you can have an income and a stunning place to live all at the same time.
Simply put...it couldn’t be easier. In residence you get to live in a four star exquisitely designed home and take advantage of international-standard apartment living; then, when you are away, the management company lets your apartment out and guests enjoy the same high quality facilities that you experience as a resident. All this works to your advantage, all financial and letting arrangements are completely taken care of. There are no hidden costs and there are five attractive and flexible investment options.
Location
BALI Kuta Residence has designed 267 superbly appointed apartments studios from one and two bedroom apartments. This five-storey complex is located in the centre of Kuta and offers unequalled views. Most apartments have pool or ocean views while the others have discreet, partial views. This unique location has so many advantages: the fully serviced complex with four stars facilities is just walking distance to Legian Street, Kuta Square, banks, supermarkets, restaurants, food and clothing markets. International hospitals are within ten minutes by taxi.
Investment Options
Apartment owners have the choice to stay in their apartments whenever they want for as long as they want. They can live in their apartment permanently if they so wish, but when they are not in residence they may chose for the management company, to let the apartment out to paying guests and to share in the income produced from those rentals.
Within this system there are four options available to apartment owners that are detailed below:
Option 1 - Purchase price refunded at 4 years
BALI Kuta Residence is offering investors a guaranteed purchase price repayment on the forth year anniversary.
Investors wishing to take advantage of this package are eligible for the following benefits*:
* Owner occupancy for up to four weeks per year - two weeks in high season and two weeks in low season, excluding peak season. If the owner wishes to occupy the apartment longer than the time specified the 40% management fee is payable to the management company, the cleaning cost are covered from this fee.
* Package not available with vendor finance.
* Sixty percent will go to the owner with the Management Company retaining forty percent as a management fee.
* Package reviewed after three years if requested.
The owner must offer the apartment to the developer no later than 6 months prior to the forth year anniversary date. The purchase price will be refunded on the forth anniversary date from completion and handover of keys.
If the Owner wishes to carry on with the lease the contract will revert to option 3.
Costs involved. While the apartment is part of the rental pool the owner is required to pay the apartments electricity, cable TV and annual maintenance levy. Telephone and broadband will be charged to the paying guests and the cost of servicing their apartments is covered by the 40% management fee.
NOTE: While the owners are residing in their apartment option 4 applies.
Option 2 – Guaranteed return
With this option, owners receive a guaranteed return on investment (ROI) of 8% per annum.
Investors wishing to take advantage of this package are eligible for the following benefits*:
* ROI of 8% per year for the first three years
* Owner occupancy for up to four weeks per year - 2 weeks low season and 2 weeks high season, Excluding peak season
NOTE: While the owners are residing in their apartment option 4 applies.
Option 3 – Rental Pool
Owners have the opportunity of allowing the Management Company to rent their apartment to paying quests and share in the income produced. Seventy percent will go to the owner with the Management Company retaining thirty percent as a management fee.
Owner occupancy free for up to four weeks per year - two week in high season and two week in low season,
excluding peak season. If the owner wishes to occupy the apartment longer than the time specified the 30% management fee is payable to the management company, the cleaning cost are covered from this fee
Costs involved. While the apartment is part of the rental pool the owner is required to pay the apartments electricity, cable TV and annual maintenance levy. Telephone and broadband will be charged to the paying guests and the cost of servicing their apartments is covered by the 30% management fee.
NOTE: While the owners are residing in their apartment option 4 applies
Option 4 – Residency
The fourth option available to apartment owners is to reside in their apartment solely for personal use. Owners may choose to place their apartment in the rental pool (option 3) at any time.
Costs involved. Owners participating in this option are required to pay their electricity, cable TV, Daily apartment cleaning, broadband and telephone and their annual maintenance levy.
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