Overview
- Updated On:
- November 10, 2024
- 1 Bedrooms
- 1 Bathrooms
- 101 m2
Description
Magnum Residence is a luxurious beachfront development in Bali, Sanur Beach.
165 apartments available for sale including a 5 * hotel service.
The development is located on a true beachfront plot and offers a beach club, restaurant, lounge bar, spa, coworking space, fitness center, yoga studio and kids club.
All apartments on floors 2, 3 and 4 HAVE SEA VIEWS.
The only luxury beachfront development in Bali of this magnitude that offers magnificent views, immediate beach access and lagoon-like bathing conditions, along the 5.5 km long promenade in Sanur.
In addition to true beachfront property, The Magnum Residence will also offer its residents the most luxurious design. Interior specialist designers have imported the most decadent materials including marble, floor to ceiling glass and quality tiles. The 165 apartment development also offers a lease term of 52 years with the option to renew for another 30 years, where most Balinese leaseholds are a maximum of 25 years with no option to extend.
In addition, The Magnum Residence Sanur will offer real estate value growth of 150 – 200% over the first three years due to the following factors:
- The cost of square meterage will increase by circa 20-25 percent as each construction phase is completed
- Tourism is increasing by circa 20 percent per annum on average in Bali post Covid
- Property investment in South East Asia continues to increase, on average 30% per annum
- Global scale infrastructure to the area also adds significant value to the developments value
The Magnum Residence has also secured a hotel license for its property. This will provide investors with an option to rent their apartments year round to create passive income. In addition the Magnum Group offers an in-house service to manage the rental property on behalf of the investor (offering day, week and monthly rates). Investors will also be invited to self manage their rental property or to live in the residence themselves (without any personal limitation on time spent). On average investors can expect a (net) ROI of 17% percent within the first 3 years.
The Sanur Complex offers 165 apartments total:
- 113 one bedroom apartments
- 47 two bedroom apartments
- 5 three bedroom apartments
One-bedroom apartments:
- Area: 101 m² *semi-gross
- Price starting from 450.000$
Two-bedroom apartments:
- Area: 202 m² *semi-gross
- Price starting from $800,000
Premium 8000 m² infrastructure within the complex:
- Beach with white sand
- Private Beach Club
- Rooftop Lounge Bar with panoramic views
- Restaurant
- Fitness center
- Yoga platform
- Coworking space
- SPA center
- Underground parking
- Yacht at the complex
Touristic infrastructure near the complex:
- Longest promenade in Bali – 5.5 km
- Starbucks Coffee shop 200 m away
- Yacht pier 1800 m away
- International medical center 700 m away
- Grand Lucky Sanur supermarket 350 m away
- Latest ICON BALI shopping center 50 m away
- Bali Island School
- Liga.Tennis Padel Sanur tennis center 500 m away
- Airport 20 minutes away
Ownership type: Leasehold 50 years + 30 years extension
Payment plan: 18 months
Completion date: lllQ 2025
