Savills is pleased to exclusive present ‘Tu Casa’ Resort, an exclusive beachfront hotel and resort development opportunity comprising of accommodation, food & beverage and day & night club facilities, located in the highly desirable Pererenan region, neighbouring the well-known ‘Canggu’,

Tu Casa offers incoming parties the rare opportunity to own and develop a slice of the Indonesia Island, with the approved project to take place on the waterfront beach.

With a land area of 11,880sqm, the Food & Beverage offering includes a Restaurant on the Hotel ground floor with 400 seats; a Restaurant on the Hotel’s top floor, with up to 400 seats; a Bar / Restaurant under SPA with 250 seats; a Bar / Restaurant near the pool with 100 seats. In case of events, the pool can be covered with an increased glazed platform, enabling the entire area to provide 800 seats.

The Hotel will comprise 78 units all 40 sqm each; 35 Villas, 100 car spaces and a 1860 sqm nightclub and is for sale through Nick Lower and Selin Ince of Savills Australia.

Australian/Bali property developer JMGM has optioned the site and has been working on refining the current planning/scheme, management agreement, leasehold interest.

According to Nick Lower, State Director, NSW & VIC Hotels at Savills Australia, “To achieve this, there has been a need to collaborate with local partners to get to where the project is today.

“The site will benefit from having full planning approval, however, will still have considerable flexibility to amend numerous aspects of the design, in particular the fixtures and fittings” he said.

The site is 50% freehold, with the remaining 50% of the site on a 50 year leasehold agreement.

Selin Ince, Senior Executive, Hotels at Savills Australia said “Numerous global operators have submitted management agreements for consideration including Accor, Marriot, Minor Hotels and IHG. A final operator has not yet been agreed to.

“Planning approval due for approval in January 2022 and can be a CP to the land purchase

“W Hotel and Potato Head are considered to be comparable type of hotels/facilities which have Valuations of $430,000 USD per key” she said.

The option agreement to purchase the land has been agreed at $9m USD until 31/12/21 but goes up $1m every 3 months from Jan 1, 2021 (see option agreement within the link)

Currently there is 10 years remaining on the existing leasehold agreement on 50% of the site, however JMGM has agreed an additional extension of 20 years for 11b IDR (780k USD) which would be paid on land purchase (simultaneously).

There is also an agreement in writing for an additional 20 years within the DD pack which will be finalised/negotiated by closing taking it to 50 years.