BOHOL PANGLAO AIRPORT RESORT
BRAND NEW RESORT AND COMMERCIAL BUILDING TO BE COMPLETE NOVEMBER 2020
WAS 163.78 Million PHP
NOW 124.9 Million PHP (FIRM)
SOON TO BE COMPLETED RESORT with ALREADY TENNANTED COMMERCIAL BUILDING 3KM to FAMOUS ALONA BEACH and only 1km TO PANGALO INTERNATIONAL AIRPORT! This is your opportunity to own a BRAND-NEW Resort and Commercial space near Alona BEACH.
THIS IS WHAT’S GREAT:
· Commercial Building is complete and 90% leased
· Architecturally designed
· 36 beautifully appointed rooms
· Very close to the new International Airport – 800m
· Long lease and terms
· Alona Beach is incredibly popular with year-round income stream
- 2 Complete businesses. You are purchasing the Resort and Commercial Business, this is not a presell as the Commercial Business is complete, running and tenanted. Completion of the adjoining resort and second income stream is March 2020.
- KEY FEATURES & BENEFITS:
· Excellent Location
o 3km to Alona Beach
o 500m to Panglao International Airport
· 1 Apartment style room – 72SQM
· 10 Deluxe rooms – 28SQM
· 4 Deluxe rooms – 25SQM
· 21 Standard rooms – 22SQM
· 200SQM swimming pool – Deep end for dive instruction – (if required)
· All rooms have a balcony
· Deep well and town water supply available
· Restaurant gazebo
· 50KW Generator
· Estimated completion date is March 2021
· New Lease already negotiated with landowner for 25 years on good terms
· Total Land area is 4484SQM
RETURN ON INVESTMENT (ROI)
Approximate yearly income for RESORT at 75% OCCUPANCY is 35 Million PHP per year gross.
Current yearly income for COMMERCIAL BUILDING at 90% occupancy is 8 Million PHP.
This does not include restaurants or other income.
REMINDER – You will be purchasing the business. The land (as is normal Philippines Business procedure) is leased to you for 25 years (full new lease) plus the option for another 25 years (right to renewal). You also have first right to purchase form the buyer if the land itself comes up for sale.
We can help you get set up with business permits, municipality requirements, building permits, construction, municipal permits (wastewater, discharge) by providing our extensive local experience and contacts.
DON’T MISS THIS AMAZING OPPORTUNITY!