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Freehold Hotel In North Bali For Sale

Lovina, Bali, Indonesia
Asking Price:
$350,000 (USD) Furniture / Fixtures included
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

Our hotel has been both our home and business for the past ten years. It has been the most rewarding time of our lives, but now it is sadly time for us to move on. Our property is priced well below market value, making it the perfect time for the astute investor to take advantage of this great opportunity.

The hotel sits on an easy to maintain 1,000 square meter plot of land. It comprises of 8 guest rooms and a separate 2 bedroom villa. The hotel also has a restaurant, kitchen, pool and on-site parking. The hotel comes with all furniture, CCTV system, kitchen and restaurant items, basically everything you need ready to start operating and making money from day one.

All rooms have AC and hot water. Two rooms are very large and could be modified to self-contained villas. The upstairs rooms have sea views and all rooms look out onto the adjacent rice field.

There is plenty of room for expansion, either by building up or further land acquisition. Access is down a small road just off the main road which runs between Lovina and Singaraja.

We have hosted groups of up to 40 people in the past and the property could be used for a range of tourism-related businesses, such as a yoga retreat or dive center.

The hotel is located on the coast of north Bali, which is rapidly becoming popular with holidaymakers and investors alike. The hotel attracts both domestic and international guests. There are plans to build Bali's second airport in the north, ensuring positive growth prospects going forward.

While the property is not beachfront, it is just a short walk to the beach and nearby warungs (small Indonesian places to eat) and restaurants. It is on the beach side of the main road running between Lovina and Singaraja.

The hotel is for sale (freehold), with all of the necessary licenses and permits. The website (www.mumbul.net), social media accounts, as well as all future bookings are included in the sale. We are listed on all major booking sites (Agoda, Expedia, Airbnb etc) and use an online booking system to make it easy to manage bookings and avoid double bookings.

For more information, please contact us by using the form below. We have tried to provide as much information in the advertisement as possible, so if you would like more information, please try and let us know what specific information or questions you have.

We are happy to discuss this further by Whatsapp or Zoom.

FAQs:

> Can foreigners purchase this property?
Foreigners in Indonesia cannot own property in their name. We can offer a long-term lease as an alternative (20+ years), or you can create a company, which owns the property. This is not legal advice, please seek a lawyer or notary for guidance.

> Can I view the property?
Please contact us at least 1 day in advance to arrange an inspection.

> Can the property be run remotely?
Yes, it is possible if you have the right staff.

> Can I have more pictures?
See here: https://mumbulguesthouse.imgbb.com/

> Can I rent the property for a year or two?
Unfortunately, we are only offering freehold sale or longterm lease (20+years).

> Is owner financing available?
We would consider it on a case by case basis, but would require a minimum 50% deposit.

> How many staff do you need to employ?
It depends on your level of involvement. You would need perhaps a minimum of two people.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The living accommodation consists of a 2 bedroom house with large open living and dining area which looks out onto the pool.

Location:

The hotel is located in the village of Anturan, between Lovina and Singaraja. It is an upcoming area with many large resorts being built close by.

Planning Consent:

It is generally quite easy to get new building permits for expansion if required.

Business Operation

Expansion Potential:

There is potential to add more rooms on the existing land by building up or in the restaurant area. There is plenty of vacant land also around the hotel and can put you in touch with the owners of the land if you require.

Competition / Market:

There is of course many hotels operating in the area, but in high season and holiday periods it can be difficult to find rooms available.

Reasons for selling:

Relocating

Trading hours:

Hotel is open year round

Employees:
Currently we only have security and cleaning staff
Years established:
2006

Other Information

Support & training:

We can provide any training and support during the sale and handover period.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

We would consider financing, but would require at least a 50% deposit.

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price
Website:
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Related Documents:
Home based:
This business can be run from home.