New apartments in Kuta Bali

Anyone who has walked from Poppies II through Gang Ronta to Poppies I will of noticed the construction behind Pasar Agung, the art market on Poppies I. This construction is called Kuta Town Houses. Today I passed by and went in for a look. Kuta Town Houses is a 3 -storey deal featuring 15 units, 8 of which have already been sold. Downstairs is a pool, there will be restaurant and business center. A nice young lady showed me around and we checked out a second story place with 2 bedrooms, bathroom, kitchen, balcony and lounge. All rooms are fitted with fan and AC and look very clean although none are furnished yet. The units will be sold fully furnished, including a plate, knife fork and spoon according to my guide. They will also be fitted with satellite TV, DVD and there will be a reception, maid service, bar & dining, massage service.

Looking at the price list all units range between 2 bedroom & 1/2 bath for between $82,400-$94,700. You will have a 25 year lease.Kuta Town Houses is managed by a management company, that takes 30% of rental, plus $1,000 for maintenance. The owner is an Aussie guy who I met briefly. He seemed a decent bloke from the 10 words we exchanged.If you are interested in Kuta Town Houses, stop by and talk to the staff. According to the brochure, the benefits include: Monthly owners income statement, audited accounts, a tax efficient investment, ownership structure, lease agreement drawn up by Bali based Australian lawyer, owner can be assured their investment is secure.