TWO 5 hectare Beachfront Properties, Sekongkang, Sumbawa

TWO 5 ht Beachfront Properties

These properties are 5 hectare each and are offered together, separately or there may be a possibility of getting a part of one (perhaps 50 are +).  They both have approximately 200 meters of beachfront.  Both properties raise into hilly terrain which is slightly rocky.  They are located on Sekongkang Beach, near Sekongkang village, which will be targeted by the local government for invest in the tourist industry and is less than a kilometer from the airport which is to begin operating flights in 2017.

The asking price for this property is Rp 15,000,000 / are, or,  us$ 1,129 / are.

note:  remember there are 100 "are" in a hectare.

This equates to (500 * 1,129) = us$ 564,500

Two 5 ht SekHajib Beachfront Properties, Sekongkang, Sumbawa, Indonesia

More about the Sekongkang area:

The property is in West Sumbawa.  About 1.5 hr ferry boat from Lombok.  The main airport in West Sumbawa is about 2.5 hrs away.  The best way to get to this area of Sumbawa is by the "fast" boat operated by the mine and available to the public which leaves Benete in Lombock and docks at Kayangan in West Sumbawa about 15 min drive to Sekongkang.

The local village is called "Sekongkang".  Lots of great surfing, fishing and beaches in the area all easily accessible by scooter.  The local government has made a commitment to invest in this area to increase tourism.  A new hospital being built in the near by village and the nearby airport is suppose to start operating again in 2017.

About 6 miles away there's a big copper/gold mine that has been in operation for over 20 years.  This means the locals are comfortable with foreigners in the area.  It also means the area is protected by the government.

 

 

The Investment Concept;

These are perfect "Land Banking" concept type of investments.  After the purchase, we suggest minimal service installation (access road continuation, water, electricity) and literally sit on it for 3-5 years then sell it whole at an estimated 2-5 times purchase price.  However, with 5 ht, theres plenty of land to either partition small portions to each investor to keep as they're own or designate a common area, and sell the rest in 3-5 years.

During the first year or two, we would extend the access roads into the property, drill at least one or two water wells and run electricity into the property from the back road access.  As an investment, the property would now have access, water and electricity on-site greatly increasing it's value.  As a "Dream Property" your going to need these services to develop whatever is decided on the property by the investment group prior to purchase.

The Estimated Investment Project Breakdown and Estimated Return;

Concept 1 - Land Banking 

Asking Price:  us$ 564,500

Service the property in the form of extending the road access, drilling wells and/or running city water and electricity into the property is estimated at us$ 40,000.

This project has a 5 year timeframe.  All costs and fees are estimated high

Summary:      
  Property Purchase Price US$ 564,500
  Purchase Tax (5%)   28,225
  Legal Fees   4,000
  Administrative   3,500
  Annual Property Taxes (5 years)   2,500
  Annual Admin Fee (us$ 1,400/yr)   7,000
  BTPI.Co 1%   5,645
  Service Installation   40,000
  Total Investment Package US$ 656,870
       
Return:      
  Property Sell Price (3 * original value) US$ 1,693,500
  Selling Tax (5%)   84,675
  Legal Fees   2,000
  Administrative   3,500
  Gross Investment Return US$ 1,603,325
  10% BTPI.Co (minus our 1% & annual admin)   147,688
       
  NET RETURN TO INVESTOR (S) US$ 1,455,637

 


Download the PDF for this property portfolio here -TWO 5 ht SekHajib Beachfront


 

Above are the available properties in Sekongkang identified by BTPI.Co

updated May / 17

 

 

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