This apartment in Indonesia is located within an elite gated community, just a four-minute walk from the unspoiled Batu Bolong Beach, making it a coveted property for sale in Batu Bolong.
Property Overview:
- The apartment spans a single floor, featuring one bedroom.
- Amenities include a swimming pool, a fully-equipped gym, and ample parking spaces.
- Residents will enjoy the complex’s well-developed infrastructure along with panoramic vistas from their apartment in Indonesia.
- The unit covers an area of 40 m².
Financial Details:
- Asking Price: $180,000, equating to $4,500 per m².
Investment Yield:
- Occupancy Rate: 90%.
- Annual Revenue (based on daily occupancy): $43,800, leading to a profit of $32,850 after accounting for expenses and taxes, which translates to a 25% return on investment.
- Estimated payback period is 5.4 years.
Capital Gains:
- Purchase Price: $180,000.
- Resale Price: $217,188, yielding a profit of $37,188 (20.66%).
Additional Financial Obligations:
- Notary fees are set at 1%, to be equally divided with the buyer.
- Sales Tax at 11%, also split with the buyer.
- Income tax rates differ for residents (10%) and non-residents (20%) of Indonesia, impacting overall costs and taxes which vary based on several factors.
Ownership and Payment Details:
- The property for sale in Batu Bolong is available on a 30-year leasehold basis.
- Construction is anticipated to be complete by the second quarter of 2024.
Please note that costs and taxes associated with the sale of the property are subject to individual assessment and depend on various criteria.
