VODOPAD

This listing is a resale (assignment) from the current owner: one apartment on the second floor with a view of the jungle and the waterfall, 28 m² plus a 6 m² balcony, offered at $75,000. VODOPAD is a complex of 21 income apartments in Ubud, 5 minutes from the centre: the Campuhan Ridge Walk, Zest, Alchemy and Moksa restaurants, the Bintang supermarket, museums and fitness centres are close by. The complex has a swimming pool with relaxation areas, a gym free for residents, secure parking and 24-hour security, with panoramic views of the jungle and a waterfall. The apartments stand in blocks of two, so each has neighbours on one side only. The apartment has one room with a bedroom area, a kitchen and a bathroom, ceilings up to 3 metres and a loggia. It is sold turnkey and fully furnished: bed with linen, bedside tables, desk and chair, wardrobe, dresser, air conditioner, kitchen furniture with a two-burner stove and dishes, shower cabin, and a tea table with two chairs on the loggia. The land is in the pink zone (suitable for apartments with daily rental — tourism accommodation), and a due diligence has been carried out. Leasehold for 30 years plus a 25-year extension. The complex is run by the management company Farsight, which handles bookings and operations and pays the owner the rental profit. The developer's realistic forecast for this apartment type is $75 a night at 75% occupancy: about $20,500 of rental income a year and about $13,600 to the owner after operating expenses and the 20% management commission. The seller quotes a return of up to 20% a year and a payback from 5 years. This is a forecast, not a guarantee.

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