Beachview Apartment for sale – fromAU$220,000
Your Vanuatu real estate investment could be in a large fully furnished self-contained waterfront Studio apartment for AU$220,000. The apartment is placed into the rental pool. This means that all the rental income after costs is divided equally among the rental pool members. This method removes the insecurity that exists in some holiday rental situations where some owners seem to get all the renters while others get few.
More About the Apartments
The 56.4 m2 apartments have a 2.5 meter wide balcony. All with great views toward Erakor Island and Erakor Point in the distance.
The kitchens and bathrooms are contemporary in design and the living and sleeping areas are designed to be relaxed and tropical.
All apartments are fully self-contained with beautifully appointed timber furniture including a sitting area, kitchen, air-conditioning and fans, bathroom with shower and a balcony with ocean and pool views.
All Beachview Apartments have 1 king size bed and 1 single bed.
Every apartment has ocean veiws.
Prices are in AUD
|Price of Studio||
Owners also receive three weeks of accommodation for cost at $50 per day. This can be deducted from your monthly payment.
|Revenue 2013 to October||STUDIO|
|Total Revenue after VAT||$2,870|
|Body Corp Expenses||$217|
|RoR after expenses|
|Land lease Payment||$15|
|Sinking Fund (2%)||$57|
|Net to Owners||$1,009|
|Add back sinking fund||2.0%|
|Calculation Worksheet Holiday allowance|
|Valuation 21 Days||$5,145|
|Less Daily fee||$1,050|
|Less loss of income||$706|
|Rate of Return including holiday in Vanuatu
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