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Situated in the heart of Canggu, this apartment in Indonesia boasts a strategic location with well-developed infrastructure, ensuring residents are just a five-minute stroll from the picturesque Berawa Beach. The property features a single bedroom complemented by high ceilings, enhancing its spacious feel. Spanning a total area of 60 square meters, this apartment for sale in Bali, Canggu is priced at $209,000, which equates to approximately $3,483 per square meter.
Investment in this apartment offers promising rental income prospects. With an average daily revenue of $150 and an occupancy rate of 80%, the adjusted daily earnings considering the occupancy rate stand at $120. This translates to an annual revenue of $43,800, factoring in the property’s occupancy. After accounting for expenses and taxes, the net annual profit is estimated at $38,982, representing an 18% return on investment. Consequently, the payback period for this investment is approximately 5.6 years.
The sale of this property entails various costs and taxes, which are determined on a case-by-case basis depending on several factors. These include a notary fee of 1% (shared equally between seller and buyer), a sales tax of 11% (also divided equally), and income tax which varies by residency status — 10% for Indonesian residents and 20% for non-residents.
The terms of payment and property ownership are structured around a leasehold agreement, offering 25 years of ownership with an option for extension. The project is slated for completion in December 2024, making it an ideal investment opportunity for those looking to own property in Bali in one of Bali’s most sought-after locations.
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