Description
I N T R O D U C I N G
The Olive Boutique Suites & Spa is a luxury suites-only hip hotel very close to the beautiful powder sand and turquiose waters of Cala LLonga Beach.
There are just 28 editorial standard properties at The Olive and these are set into a stylish boutique hotel environment featuring circular outdoor pools, a poolside chiringuito offering fresh juices, fantastic breakfasts, cocktails, light meals and tapas, a wonderfully atmospheric spa with hydro-pool, dip pool, sauna and relaxation area, plus a state of the art, fully equipped gym, reception, guest lounge and more…
Each property is delivered fully furnished including stunning interior designed dressing pieces (5 star boutique hotel standard and beyond) and are sold TOTALLY READY TO RENT, even down to Egyptian cotton bedding, towels, robes, slippers and organic bathroom products. All properties also come with a large lockable storage room and a private car parking space.
LUXURY HOTEL-STYLE MANAGEMENT
Properties at The Olive are fully managed for luxury hotel-style rental operations, which includes all marketing, OTA and traditional tour operator relations, bookings, administration and accounting, as well as the delivery of hotel services (check in check out, full concierge services, billing, daily cleaning, laundry, in-room spa and beauty treatments etc.).
Owners at The Olive benefit not only from the rental income from accommodation sales (property rental), but also from all of the F&B revenue at The Olive – the Chiringuito cafe bar, juice bar, cocktails, in-room dining, table service to pool beds etc. This represents a significant income boost for owners.
ARMCHAIR INVESTMENT
The business model at The Olive has been carefully designed to ensure that owners receive maximum revenue and benefit from a truly “armchair investment” – very healthy net yields, on-time quarterly income payments, no stress, no community fees to pay and detailed, open book financial reporting on a regular basis.
The Olive properties are set into a stunningly cool environment featuring turquoise circular outdoor pools, a poolside chiringuito offering fresh juices, fantastic breakfasts, cocktails and tapas, a wonderfully atmospheric spa with hydro-pool, dip pool, sauna and relaxation area, plus a state of the art, fully equipped gym, reception, guest lounge and more…
These unique apartment suites present a compelling case for investment, with yields conservatively forecast at between 6 and 7% net for 2023 after all costs. The calculations below are based on a Deluxe Apartment Suite of 365k euro:
At 6% net the annual would be: 21,900, per quarter this would be 5,475 euro, per month this would be 1,825 euro. At 7% net the annual would be: 25,550 euro, per quarter this would be 6,387 euro per month this would be 2,129 euro.
OWNER USAGE
Owners can stay in their property at The Olive for up to 2 months per year, with absolutely no blackout dates. Owners may also gift their days to friends and family at their discretion.
YEAR ROUND HOTEL OPERATIONS
The Olive is open every year from February 14th to December 31st, so any maintenance and repainting is completed during January and the first half of February each year. This is also the time for our team to take a rest before each new Season begins.
AVAILABLE FOR SALE PROPERTIES
As of January 2023 we have the following beautifully appointed properties available:
Chic Terraza 1 – limited edition gorgeous garden flat with a larger private terraces leading to beautiful country views (70m2) – 385k euro
Deluxe Apartment Suite 14 – a first floor South facing luxury suite with a drinks and cafe terrace (48m2) – 375k euro
Luxe Garden 27 – a lower ground stunning apartment with an oversized terrace and beautiful campo views (90m2) – 399k euro
Luxury Penthouse 24 – a stunning penthouse with an additional terrace off of the bedroom and an XXL private roof terrace of 60m2 offering 360 degree views of the Ibiza campo (110m2 total) – 459k euro
Each of The Olive properties perfectly accommodate up to two adults and two children and all feature an open plan living room with an elegant full service kitchen, an island/breakfast bar, lounge area, master bedroom suite, opulent bathroom and private drinks and cafe terrace. Gorgeous kitchenware and homeware and beautiful interior design throughout create an editorial standard environment.
Being open for almost the whole year means The Olive can capitalise on the thousands of visitors who visit Ibiza in what is oficially “low season” and find an acute shortage of high quality and high style accommodation available
BUYING PROCESS:
fully refundable
BUYING COSTS:
El Chiriguito are redeveloping a prime beachfront restaurant on Cala LLonga Beach arguably one of the islands original and best beachclubst:
