Luxevista — 2-bedroom Mediterranean villa with pool and waterslide, next to Pandawa

THE VILLA

• Luxevista is a white Mediterranean villa over two floors: 200 sqm built on a 150 sqm plot, with 2 bedrooms and 2 bathrooms.
• Private pool with a waterslide, a sunken lounge in the water and a hammock; double-height living room with arches, open kitchen, indoor bathtub and jacuzzi, three air-conditioning units, smart TV, granite flooring and kitchen, and private bike parking.
• It is handed over with basic furniture, sanitaryware and kitchen appliances included, as stated by the developer.

THE SMALL PRINT ON THE EXTENSION

This is the point worth going through with the notaris before signing: what matters is how the clause is written, not that it appears in a brochure.

THE SETTING

The brochure's own map gives the point: 8°49'55.0"S 115°11'01.3"E, in Ungasan, next to Pandawa — the Apurva Kempinski lies to the east and the Garuda Wisnu Kencana park to the north-west. The developer titles it "strategic location in Uluwatu" while also writing that the villas are five minutes from Pandawa Beach: the second is what their map shows.

PRICE

From $249,000 in pre-sale, per the brochure's payment plan. Their returns sheet runs the numbers on $249,900; the difference is theirs, and it is worth confirming in writing before reserving.

WHAT SITS INSIDE THOSE FIGURES

• The $19,560 of costs is 30% of income and covers management, insurance, laundry, wifi, water, electricity, gas, rubbish, maintenance, land taxes and banjar.
• The 10% accommodation tax, $6,570, is on top.
• The same table reaches a 20% return in year 5 by lifting the rate to $275 a night.
• These are their numbers, taken from their own spreadsheet, and TANAH has not verified them.

OPTIONAL UPGRADES, AS STATED BY THE DEVELOPER

A furniture and equipment package for $15,000: app-controlled lighting, water filters on every tap, an ice bath, a bathtub with a jacuzzi system, and smart locks for guest access.

WHO BUILDS IT, AS STATED BY THE DEVELOPER

Kingswood Group Bali, with Sam Founda leading and David Norcross (MIG) as strategic partner, for developments across Bali, Lombok and Sumbawa. They state more than 45 residential and commercial projects, among them B Work Canggu and Nu Look Seminyak.