Located in Kuta, Lombok on a 9800m2 site adjacent to the Mandalika project site with magnificent ocean views of Tanjung Aan.
Current planning design and approvals are for 14 deluxe villas each with their own private swimming pool. Australian architectural design and structural design to Australian standards. Tentative agreement in place with an Indonesian construction company to construct. Three administration buildings. A reception and day spa wing. A 40 cover restaurant and bar in the second wing, with the third wing being a club lounge and gymnasium. Back of house facilities occupy lower levels of each of the three 2 level buildings.
There is a 75 year lease on the land via the existing PT company and existing permits include Izin Princip from BKPM RI Jakarta, Izin Pemanfaatan Ruang from BKPRD Lombok Tengah, SITU from Lombok Tengah, SIUP, TDP, HO/Izin gangguan with the IMB expected within weeks.
Looking for a JV partner to develop the project as designed or with modifications. Current owners would contribute the land component, all permits and current designs. Potential JV partners would need to contribute sufficient capital to develop the project with shares in the company adjusted to reflect existing value of approx. US$600,000. Alternatively an outright purchase of the company would be considered with lease, design and permits at a similar value.
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