Type of Property : RESIDENTIAL APARTMENT COMPLEX IN A BEACH FRONT IN LILOAN
Location : Liloan, Cebu
Apartments: 8 - doors
Year Built: 2006
Sort: For Sale
Floor Area (sq. mtrs.): 514 sqm
Lot Area (sq. mtrs.): 840sqm
Parking Spaces 14 cars
SELLING PRICE BEFORE: Php12,500,000.00 negotiable
Now Repriced to Php7,500,000.00 - Sacrifice Sale
Apartment Features: All units - Furnished High Speed Internet Cable TV Telephone Water Air Conditioning Balcony Hot & Cold Running Water Patio/Deck Waterfront 2 Bedrooms 1 bath Living room/Dining Room
Overlooking Open Spaces Perimeter Fence View Deck Bike Paths Markets Convenience Stores BoatingPublic Transportation
Walking distance to Amara and Historic Lighthouse
This property is situated in Liloan, a town about 15 km north of the centre of Cebu City.
Just few minutes away to Airport, Mandaue City or SM Mall or Ayala mall via Cansaga Bridge.
It is a quiet and peaceful neigbourhood in front of the ocean on an own lot of 840 sqm near the new build Amara Resort and the Liloan Lighthouse.
On the lot are 2 buildings, one building with 3 smaller 2 bedroom apartments and the other building with 4 bigger 2 bedroom apartments. There is also another small building what we use at this moment as office, but it is easy to rent out this as a 1 bedroom apartment. The small apartments have a surface from 35 sqm each and the big apartments 65 sqm each. The asking price includes furnishings on each apartment like: beds, cooking equipments, micro waves, refrigerators, tv's, aircons, fans, couches, chairs tables and so on and so on. The area have a big gazebo, an outside barbecue grill, an view deck and there is enough space to park cars inside the area. A concrete high wall and a gate protect this property.
It is easy to build more on this lot since there is space enough.
The apartments are always fully occupied there are only americans and european citizen that rent the apartments at this moment. But off course everyone is welcome. The current rent for the small apartments is 8500 pesos/month fully furnished including aircon.
The current rent for the big apartments is 12,500 pesos/month fully furnished including aircon.
The tenants pay there own electricity and water, all apartments have there own meter.
The office can easily rent out as studio apartment for 6500 pesos/month.
This make a monthly rent income of P82,000 or on an annual basis P984,000 thats a benefit of 9 %. If you put your money to a savings account on the bank you are lucky to get 2% per annum.
And keep in mind the real estate properties in the Philippines are rising each year, so all and all make this a really interesting investment.
At the Price of P12,500,000.00 NOW REPRICED TO P7.5M or any offer...-> all expenses are for the account of the Buyer, suchs as follows;
Capital Gain Tax
Documentary Stamp Tax
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