MAGNUM RESIDENCE SANUR, BALI, INDONESIA
-THE GENTRIFICATION OF BALI’S ORIGINAL TOURISM DESTINATION, SANUR
Sanur is undergoing major gentrification, with global scale infrastructure being built and modern innovations being implemented, the one time quiet seaside town is fast becoming the island’s most sought after destination for tourists and investors alike.
New infrastructure includes a new Port in Sanur Harbour, an International Hospital being built in cooperation with the prestigious USA Mayo Clinic and an R.M.I.T International University. The ICON Bali is under construction and this will become Bali’s first Premier lifestyle, culinary, retail and cultural center and G20 Summit will be hosted in Sanur November 2022. Finally, Global property developers, The Magnum Estate, are constructing The Magnum Residence Sanur. The 165 room premiere development will offer the only residential true beach frontage, in Bali Indonesia. It is the only luxury beach front development of this magnitude that offers views, immediate beach access and swimmable lagoon like conditions. Collectively infrastructure of this scale ensures a significant injection of revenue into the Sanur precinct.
Residential beachfront property is a global rarity and even more so on the tiny island of Bali. The Magnum Group reports that “90% investors and residents alike, specifically request beach frontage.” However a majority of beachfront property is owned by Global Hotel Groups and other beachfront property is not available due to green Government zoning. Where Bali residential zoning is available the geography precludes direct beach access or the ocean itself is unswimmable due to reefs and rips.
In addition to true beach frontage, The Magnum Complex 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 12-20% 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 start from $350,000 USD
High End facilities include:
● Jacuzzi on every balcony
● Sixty meter long private beach
● Beach Club overlooking the ocean
● Coworking space offering premium technology
● Fitness Centre
● Yoga Studio
● 15 meter high lounge Bar overlooking the ocean
● Sunrise views of Bali’s sacred Mount Agung
● Ocean views to Nusa Lembongan
● Neighbor to The ICON