Beachfront Pickleball
on Vietnam's Central Coast
A 500m² beachfront property featuring ocean-view courts, luxury cabins, and surf culture. The next Sportkation flagship on Vietnam's most scenic coastline.
Total CAPEX
₫12.8B
Projected NOI
₫280M/mo
Payback
~3.5 yrs
Location
Phu Yen
Investment Progress
Funding Status
640M VND
Target: 12.8B VND
2
Investors
180
Days Left
500M
Min. Investment
Section 1
Capital Expenditure (CAPEX) Breakdown
All-in development cost of 12,800,000,000 VND. Line items below reflect current Central Coast contractor and materials pricing (Q1 2026).
Land Acquisition (500m² beachfront)
Premium beachfront land in Phu Yen's developing coastal zone
5000M
42.4%
Construction & Cabins
12 ocean-view cabins with premium tropical architecture
3200M
27.1%
Pickleball Courts (3 courts)
3 professional courts with LED lighting and ocean backdrop
1200M
10.2%
Pool & Beach Facilities
Infinity pool, beach bar, and waterfront deck
800M
6.8%
Surf & Kayak Center
Equipment storage, rental station, and instructor area
400M
3.4%
Sauna & Wellness
Beachfront sauna with cold plunge and outdoor showers
350M
3.0%
Landscaping & Gardens
Tropical gardens, palm-lined pathways, and beach access
350M
3.0%
Utilities & Infrastructure
Solar panels, water treatment, and coastal reinforcement
300M
2.5%
Permits & Contingency
Construction permits, environmental clearance, and 5% contingency
200M
1.7%
Total CAPEX
11.800.000.000
VND
Section 2
Financing Structure & Debt Service
Structured with 25% equity and 75% bank financing at competitive Central Coast lending rates.
Self-Funded Equity (25%)
25%
3.200.000.000 VND
Requested Loan (75%)
75%
9.600.000.000 VND
Principal: 80M · Interest: 38M
Decreases over 10 years as balance reduces
Section 3
Revenue Model
Core Revenue
12 ocean-view cabins at stabilised occupancy
3 professional courts, hourly and session-based
Additional Packages & Upsells
Extra RevenueGroup and private surf instruction packages
Professional pickleball coaching sessions
All-day beverage packages
Private beach parties and corporate events
Total Monthly Gross Revenue
365.000.000
VND / month (at stabilised occupancy)
Section 4
12-Month Revenue Projection
12-Month Revenue Projection
Realistic ramp-up as marketing and referral network build in the coastal market
Month 1 (Launch)
93M VND
~30% capacity
Month 3
178M VND
Surf season boost
Month 6
283M VND
Marketing effect
Month 12
365M VND
Stabilised
Section 5
Operating Expenses & Profitability
Operating Expenses (OPEX) — Explicit Breakdown
Section 6
2026 Legal & Tax Incentives — Coastal Zone Benefits
Three major 2026 Vietnamese policy shifts directly benefit this coastal project:
CIT Exemption — Decree 20/2026/ND-CP
As a newly registered SME in a developing coastal zone, the project qualifies for a 3-year Corporate Income Tax exemption, followed by a 50% reduction for the next 4 years. This preserves ~200M VND/month for reinvestment during scale-up.
Coastal Tourism Development Incentives
Under the 2026 Tourism Law amendments, beachfront hospitality projects in designated tourism zones receive expedited permitting and reduced land-use fees, lowering development costs by up to 20%.
Construction Permit Exemption
Structures under 7 stories in designated tourism/developing zones qualify for the 2026 permit exemption for low-rise cabins, accelerating build time by 4–6 months.
Section 7
Risk Mitigation
Interest Rate Resilience
With 75% debt at 11.5% and a strong NOI of 285M/month, the project remains cash-flow positive even if rates spike to 16% (debt service would rise to ~105M vs. NOI of 285M).
Seasonal Diversification
Phu Yen's year-round warm climate and dual appeal (surf + pickleball) mitigates seasonal risk. Even in low season (Oct–Dec), projected occupancy remains above 50% due to domestic tourism demand.
Beachfront Asset Appreciation
The 500m² beachfront property is a premium appreciating asset. Central Coast land prices are trending +12–18% annually in 2026 due to infrastructure development and tourism growth. Exit value grows independently of operations.
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