Renovation Opportunity Cashcow – 2 Leasehold Villa’s Combination Purchase, Jungut Batu Village, Nusa Lembongan.

Opportunity to purchase 2 leasehold villas on the one property in one of the now most tightly held locations on the booming tourist hotspot of Nusa Lembongan.

The property is positioned on the laneway leading to Ohana’s Beachclub, a couple of lots back beachside of the thriving Jungut Batu main road strip and only 150m to the beach itself. Dozens of excellent bars, restaurants, dayspas, boutique stores of all kinds, convenience stores etc etc within casual walking distance.

The first residence is a nicely designed high ceilinged 2 level/1 bedroom Lumbung style villa. On the ground floor is the kitchen, dining and lounge zone in an open plan format plus the villas bathroom including bath. Off here is a very good sized balcony which fronts the backyard, perfect for a barbecuing and bar entertaining area when the sun dips in the west and the cooling evening breezes decide to settle in for the night. This villa is in excellent condition and simply needs a cosmetic upgrade for example in particular the kitchen/bathroom, a couple of additions here and there, whitewashing of interior timbers, an exterior paint in white and a shake up with new furniture, some art hangings, maybe a feature wall or 2 etc to create the Wow factor. Solid timber staircase leads to the upper level master bedroom which has a wardrobe/walk-in area behind the bed (in need of a woman’s touch refit) and another excellent size fully covered in balcony which would facilitate a  double sofa bed for example and even another little bar/kitchenette…

Built on the other half of the property is a classic and timeless Javanese Gladak House, open plan also with en-suite, sourced and relocated from Central Java. Made of Indonesia’s finest timber including teak, ironwood and oulin and featuring some beautiful Javanese carvings, Gladaks are well know for standing the test of time through multiple generations…This particular Gladak would easily be restored back to A1 condition again with as little as 10k spent on it and could really be taken up another notch with a touch more spent. A traditional bale on-site refurbished would go nicely with the Gladak adding another little dimension to this half of the property. Easily enough m2 on this particular part of the land to build another Gladak or conventional pavilion suite to effectively turn the property into a 3 bedroom cash cow generating anywhere up to a 20% ROI given the minimal initial capital outlay and superb location. Both villas have been sectioned off from each with a solid batako wall which just needs rendering to give the option of renting individually or together, ideal for someone looking to reside on Lembongan while making a solid passive income renting out the other half of the property. Land size is a healthy 400m2 in total and includes a 5 scooter covered over parking area and 2 entrance points from the access gang. Neat and tidy established gardens and stepping stone paths throughout.

The lease tenure is for a full 28 years with an option to extend into the future. At IDR 2.70 billion asking price, with a little spent and managed/marketed correctly, this investment would without doubt easily pay for itself in a matter of a short few years.