This new listing measures 2200 sqm (22 are) and is part (Phase 2) of a boutique hospitality development located in Seminyak, an ever-popular area with up-market tourists, famed for its chic cosmopolitan vibes. Seminyak is filled with luxury hotels and villas, restaurants, entertainment, boutiques and shops. The development is 350 metres to La Favela Restaurant, 4 minutes to Kudeta and 2.5 km to world famous Seminyak Beach. The airport is less than half hour away.
Offered on a LEASEHOLD until 2041 (remaining 17 years) with extension options available, the concept for Phase 2 is the development of 18, one-bedroom pool villa suites, lobby & reception, underground carpark, large restaurant, rooftop multi-function area, management office and storage room. Currently, all foundation work and ground level structures for 12 ground floor suites including swimming pools have been completed. The Developer can provide full architectural plans, structural MEP BOQ and revenue model to any serious investor. The land is zoned for tourism/hospitality by the authorities with all the necessary planning approvals, building permits and operational permits for its development completed.
Phase 1 was the development of 4 villas. They are fully operational now and is earning healthy profits.
This is an excellent opportunity for those wanting to enter the lucrative villa rental market of Seminyak