Víctor Rosales Aranda, destacado empresario en bienes raíces y promotor de la sostenibilidad, apuesta por impulsar la eco...
Nectar Tulum is a 15-unit luxury condominium development located in the heart of Tulum, Mexico.
The property was designed by EC Architects, a Mexico-based industrial architectural firm. They maintain a focus on each project's surroundings, thus achieving a balance between the spiritual and the material. Nectar Tulum was designed for visitors who wish to experience local culture and lifestyle in local style and while living amongst the locals.
Nectar Tulum is a luxury gated community, notable for its modern architectural design and high-quality finishes, set against the backdrop of the natural wonders of Tulum. Nectar Tulum feels magical, because living in Tulum is magical. It is the first development to integrate nature, vacation and art in the heart of the town of Tulum.
The property was acquired by the developer in 2018 and construction is approximately 80% complete. As of September 2020, seven of the units have been pre-sold for an average price of $210,000. The development is expected to be completed in Spring 2021.
Amenities include a rooftop garden, an infinity pool, a concierge, room service, and daily cleaning.
Our company has agreed to acquire the following 4 units in Nectar Tulum.
The apartment layouts have been designed to enable a connection with Tulum's natural environment.
Plan of Operation
We plan to operate these units as short-term rentals using sites such as AirBnB and VRBO to maximize demand. We believe these units will garner significant interest from guests who wish to experience the culture of Tulum without sacrificing on convenient location and desirable amenities.
Tulum is the pre-eminent global destination for eco-tourism and sophisticated beach life.
- Tulum is the most visited site in Riviera Maya. Its occupancy rate is 85%.
- Riviera Maya accounts for 33.6% of total visits to Mexico, and has the busiest airport in LATAM.
- Visitors come mainly from Europe (44.2%) and the US (31.5%).
- Property prices have had a CAGR of 30% over the last 7 years.
- Forecasts expect growth to be maintained over the next 5-7 years.
- Rental prices are 50% higher than in other tourist cities in Riviera Maya.
Asteroides St., where the building is located, and the surrounding areas will be splashed with color, turning it into a walkable outdoor art museum accessible to all visitors.
Surrounded by the Mayan jungle, white sand beaches, crystal blue waters, lively beach clubs and renowned restaurants, visitors can enjoy activities as diverse as swimming in cenotes (underwater caves) and exploring ancient Mayan ruins. For all these reasons, Tulum has become a top global destination for travelers who are in the know, and one of the best places in the world to experience unforgettable sunrises and sunsets.
The development is set in the local village of Tulum, a destination that connects art and design to the natural world, in collaboration with renowned international and local artists like Marco Pichardo and Emmanuel Silva.
The following condominium units in close proximity and of similar quality to the Nectar Tulum have been sold or are for sale for the prices listed below. The average price of these properties is $390 per square foot compared to our purchase price of $325 per square foot.
We are offering up to $1,070,000 in membership interests in the Nectar Series of Smart Vylon, LLC, the company that will own and operate the 4 units described above. In the event that we do not raise the maximum offering amount, we will acquire as many units as we can using the proceeds from the offering. Any excess capital will be returned to investors.
We have agreed to acquire the 4 units for a total purchase price of $840,000. In addition to the purchase price, we estimate that there will be an additional $44,000 in expenses per unit including furnishings, closing costs, and preparing each of the units for rent.
Upon closing of the acquisition of the 4 units (estimated Spring 2021), we intend to operate the units as short term vacation rentals.
We intend to make distributions of cash flow semi-annually once the property is operating. Our plan is to hold the units for a period of 3-4 years at which point we intend to sell the units. We are estimating a total return to investors of 21.25% per year which includes dividends paid from operations and capital appreciation over the course of our holding period.