Own an Anantara beachfront apartment last opportunity jacuzzi management, Seminyak $410,000

Anantara Seminyak is an exciting new real estate development offering an exclusive chance to own beachfront property in Bali. Located on the absolute beachfront next door to the popular Gado Gado restaurant, Anantara Seminyak features 59 suite accommodation units of approximately 80 square metres on four floors. Every unit is decorated and furnished to the most exacting standards and all most suites enjoy sea views. Offered to investors on a strata title and operated to the same standards as a five star hotel, Anantara Seminyak will be the standard bearer for resort owner accommodation in Bali. Anantara Seminyak was completed in December 2007.

- Freehold strata title certificate
- Foreigner is eligible to buy
- High-yield return of 8% in USD per annum
- Managed by Anantara, prestigious 5 star Hotel Resort & Spa management in Asia Pacific
- Complemented with high end lifestyle amenities


Management
Anantara Seminyak is managed by Anantara, probably the foremost provider of luxury property accommodation in Thailand, operating luxurious hotels and spas that cater to the most discerning of clientele. Anantara is wholly owned by MINOR International, a publicly quoted Thai company that also owns five Marriott and three Four Seasons properties in Thailand. An overall marketing strategy has been defined for Anantara Seminyak and each suite will participate. The Anantara group provides pro-active international marketing expertise along with professional booking and administration.

Location
Seminyak is the hip international playground of Bali and a destination in its own right. With an ever-growing collection of luxury property, fantastic restaurants and superb shopping, Seminyak is one of the most popular tourist areas of Bali. The property is located on 3,500 m2 of absolute beach front land in Seminyak, opposite the well-known Gado Gado restaurant. The beach is very popular with tourists and offers a stretch of uninterrupted shoreline dotted with bars, restaurants and activity centres. West facing, the area is also renowned for spectacular sunsets every evening.

Investment
All apartment owners will participate in a fully managed rental system administered by Anantara with quarterly accounts available. Income will be payable on an annual basis. A minimum of 60% occupancy is expected, and the developer will guarantee an 8% return on investment in US dollars for the first two years. Additionally the suites will appreciate in value and provide capital gains for those owners who decide to sell on. The property developer will be PT Seminyak Suite Development, an experienced and reputable developer whose parent company has an exciting list of projects throughout Indonesia, from apartments and condominiums in Jakarta and the Novotel hotel in Bogor to retail, restaurant and mall developments in Manado and Bekasi.

Facilities
The four-storey property features 59 suite accommodation units of approximately 80 square metres, decorated and furnished to the most exacting standards including plasma screen TVs, contemporary furniture, broadband internet connection and a private bar. Almost all suites will enjoy sea views. Hotel facilities will include a destination restaurant on the ground floor offering an al-fresco and indoor international dining experience; a roof top terrace bar to enjoy the famous Seminyak sunsets; a superbly relaxing spa and treatment centre; two swimming pools with infinity edges overlooking the Indian Ocean. Furthermore, underground parking is available.

Each suite is superbly furnished and fitted with quality: Bose Sound System, Plasma TV, private bar, balcony day bed, jacuzzi and "Rainmaker shower" by Hans Grohe.
The daily rental rate for the units is USD 380++ with a surcharge of USD 100 for high/peak season bookings.


Frequently Asked Questions

Who are the operators?
Anantara, a prestigious five star Hotel Resort & Spa management Company, based in Asia pacific, part of MINOR International which is a publicly listed company in Thailand. Currently Anantara has hotels in Koh Samui, Hua Hin, Chiang Rai, Maldives and a further two under construction in Dubai. In addition, MINOR owns and operates five Marriott Hotels and three Four Seasons in Thailand.

What facilities/services are available and included?
In addition to the typical facilities one would expect in a five star Hotel, there are two swimming pools with infinity edge, Thai destination restaurant, spa and treatment centre, roof top terrace bar and underground parking.

What is the total size of the project?
The Hotel is constructed on 3,500 m2, consisting of 59 suite rooms at 80m2 and 70m2 on four storeys.

Am I restricted to the amount of time I may use the residence?
Yes, there will be a restriction, set at 28 days which will enable the hotel to maximize investment returns for the suite owners as well as enjoying the lifestyle benefits.

Will I own a specific unit or a share of the development?
A specific unit, with strata title certificate of ownership.

Do the properties come fully furnished?
Yes, all units are furnished to a luxurious and exacting standard.

What if there is a tsunami or earthquake or terrorist events in Indonesia, what will happen to my property?
Indonesia is located in a geographically volatile area, although earthquakes and tsunamis of a magnitude sufficient to negatively impact the hotel are very rare. Full insurance to the property is provided by the hotel/developer, so such an unlikely event will have limited impact.
Terrorism is a global issue that can affect London, New York or anywhere. We believe that with the determination of the Indonesian government and the will of the people such an event is unlikely.

What hotel services/facilities can I use as an owner?
As an owner you will have access to all of the hotel facilities.

What is the ownership structure?
The ownership of Anantara Seminyak suites is on a fully legal and accepted strata title, suitable for both Indonesian citizens and foreigners. Additionally for foreigners the Developer is able to offer a 10 year lease term.

Am I free to sell at any time?
As an owner you are able to sell at any time subject to a small administration fee.

What is the payment structure?
The payment structure is as following: US$ 10,000 reservation fee, followed by 30% of the sale price (minus reservation fee) within 1 week of signing the sale/purchase agreement. Thereafter, 70% of the sale price to be paid one month after the second payment.

What local or international taxes will be applicable?
Indonesian law stipulates that a tax of 10% of the purchase is payable upon transfer of ownership.

Are the residences fully insured?
Yes, the hotel and all units and facilities within it will be fully insured.

Is there a guaranteed yield for the properties?
Currently the developer is not offering guaranteed returns, although it is confidently expected, due to the professionalism and marketing expertise of the operator to produce a minimum net income of 8% to the unit owners.

Will the complex, the manager and the hotel operator be subject to an annual audit?
Yes, a reputable international auditor will be appointed to provide annual audits for the owner’s benefit and to provide peace of mind.

Will there be any additional charges?
A small monthly service fee of US$0.50 per square metre will be charged monthly. This translates to US$ 40 per month.

What is covered by this fee?
The service fee provides for daily servicing and maintenance.

Can I change the management company if I am not satisfied?
Anantara have a contract for 10 years with the option for a further 10 years. This provides all owners with peace of mind knowing that an internationally respected operator is protecting the long term future of their investment.

Can friends/families of mine stay free of charge or make use of my benefits if I'm unable to?
Yes, subject to the usual conditions of booking.

How do I receive income from rentals?
The income will be paid annually to an account stipulated by the owner.

What are the expected utilities and maintenance costs for the Residences?
These costs are included within the operational management.

Can the owning family move into the villa after a year/several years?
No, as the Hotel will be fully functioning.

Will there be a cash call for renovations or infrastructure provision during the management period?
The Developer will make a commitment to cover any renovations or structural maintenance in the first 10 years

What happens after the management period?
The Owners' Association will be able to appoint management of their choice.

What if someone stays in my unit/villa and breaks items and ruins certain fixtures and fittings?
The guest will be charged for the replacement.

Can I store my belongings such as private tools and sporting equipment in some form of locker or safe storage as an owner of a property within the complex?
Yes, the Hotel will provide lockers for use by owners.

Available Units
From all 59 units, only 10 are currently available for quick (re)sale.

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