3.6 hectare Property, Sekongkang Village, Sumbawa
In the above pic you see outlined the 3.6 ht lot which is located in Sekongkang village. The property is West Sumbawa (see detailed area image below) about a 1.5 hr ferry boat from Lombok. The main airport in West Sumbawa is about 2.5 hrs away in the North part of the island. There is an airport about 2 km to the East which will be operational in 2017. The best 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 asking for this property is Rp 20,000,000 / are, or us$ 1,490 / are.
Note: remember, there are 100 "are" in a hectare.
This equates to (360 * 1,490) = us$ 536,400
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;
This property is a perfect "Land Banking" type of an investment. It is in prime locations to take advantage of the future growth of Sekongkang village. It will be well serviced with roads for easy access. The present owner will run electricity to the property. After the purchase, we suggest adding some land fill near the rear of the property to increase the soil depth by 1/2 to 1 meter to ensure it is above high water line. Landfill is not expensive in the area. We also suggest installation city water as well as drill a well or two to increase attractiveness to the property. As a "Land Banking" investment we would then leave the land as is for at least 3 years and maybe up to 5 years then sell it whole at an estimated 2-5 times purchase price.
Another option, which can be decided after the minimum 3 year term, is to partition the property into 3 or 6 parcels. Smaller parcels may be attractive to individual investors wanting a "Lot" of 10-20 are for their personal second home or to a business requiring less than 3.6 ht. Another option here could be to partition 10-15 are lots for each investment partners personal use and subsequently partitioning and selling the remaining property. Another option would be to portion 15-20 are for a communal villa operation which could be owned maintained and used by the owner/partners for a vacation destination as well as operating as a small tourist operation while partitioning the remaining land for sale.
This land has lots of potential.
The Estimated Investment Project Breakdown and Estimated Return;
Concept 1 - Land Banking (no subdivision)
Asking Price: us$ 536,400
This project has a 5 year timeframe. All costs and fees estimated slightly high.
|Property Purchase Price||US$||536,400|
|Purchase Tax (5%)||26,820|
|Annual Property Taxes (5 years)||2,500|
|Annual Admin Fee (us$ 1,400/yr)||7,000|
|Total Investment Package||US$||585,584|
|Property Sell Price (3 * original value)||US$||1,609,200|
|Selling Tax (5%)||80,460|
|Gross Investment Return||US$||1,522,240|
|10% BTPI.Co (minus our 1% & annual admin)||139,860|
|NET RETURN TO INVESTOR (S)||US$||1,382,380|
Above are the available properties in Sekongkang identified by BTPI.Co
updated May / 17