For Sale 1 Unit Room at Mercure Bali Legian Condotel in a Strategic Location, Only Approximately 5 Minutes Walk to Kuta Beach.

Specification

Description

The spec unit is a deluxe room no. 423 on the 4th floor, facing east with a garden view, equipped with a double bed and no balcony. The unit status is strata title/non-subsidized apartment, with the certificate status still being processed by the developer/PPJB. The condotel is operated by the developer, authorized by the unit owners, in collaboration with Accor Group as a 4-star hotel under the Mercure brand. The condotel stands on customary land with a leasehold status until June 17, 2061, construction began in October 2012 and it started operating in October 2014. Unit owners benefit from 21 free stay vouchers for their unit or an equivalent unit each year. Voucher usage is time-based: 1 voucher counts as 1 night on regular days, 2 vouchers count as 1 night during peak season, and 3 vouchers count as 1 night during high season. Vouchers can also be gifted or freely sold to third parties. Unit owners share profits from the room's operation, divided into three terms: Jan-April, May-August, and Sep-Dec. Profit distribution is given on the 25th of the following month for each term. The profit-sharing funds are received net, after a 10% final income tax deduction, while monthly expenses such as electricity, water, cleaning/arrangement/security/insurance for the room and environment, property tax, and others are covered by the developer.