Reference: ID 059
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 October 2022 we have the following beautifully appointed properties available:
Deluxe Apartment Suites 10, 11 & 12 – first floor luxury suites with beautiful country views and a drinks and cafe terrace (48m2) – 365k euro
Deluxe Apartment Suites 13 & 14 – first floor South facing luxury suites with a drinks and cafe terrace (48m2) – 375k euro
Luxe Garden Suits 26 & 27 – limited edition gorgeous garden lats with oversized terraces and gardens leading to beautiful country views (90m2) – 399k 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:
1. 2,000 euro to reserve a property – this is in any event – even if you simply change your mind!
Fully refundable
2. 30 days research and review period – time for a site visit or we can make a video tour, legal due diligence etc.
3. Signing the official deposit agreement – 10% payment
4. Signing the deed at the notary – 90% balance payment
Buying costs:
2.5% AJD tax (stamp duty)
Notary fees – approx 3,000 euro
Legal fees – dependent on your chosen lawyer
Hot investment also for the future:
You may already be aware of what is happening at the moment in Cala LLonga – it is Ibiza's hottest investment destination right now…
Hilton Group are redeveloping an existing hotel in Cala Llonga, and this property will be in their highest brand category, Curio Hotels.
Also coming to Cala Llonga, opening 2024, is Only You Hotels which is another 5 star boutique small chain of 5 star design hotels:
El Chiriguito are redeveloping a prime beachfront restaurant on Cala LLonga Beach arguably one of the islands original and best beachclubst:
Finally, we are of course developing a brand new 5 star boutique hotel also on Cala Llonga beach, Luna Casa Hotel Spa which will be
+open early Spring 2024.
