Type of Property :RESIDENTIAL
APARTMENT COMPLEX IN A BEACH FRONT IN LILOAN Location : Liloan, Cebu Price:P12,500,000.00 - Negotiable NOW REPRICED TO 10.7M STILL negotiable Apartments: 8 - doors Year Built:2006 Sort:For Sale
Floor Area (sq. mtrs.):514 Lot Area (sq. mtrs.):840 Parking Spaces14
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
Community Features:
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.
Apartment Details
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.
Transfer Expenses:
At the Price of P12,500,000.00 NOW REPRICED TO 10.7M NEGOTIABLE...-> all expenses are for the
account of the Seller.
Lets discuss the property, talk or chat to me... or just add me to your YM...my YM ID: tessgemimah@yahoo.com..
DISCLAIMER: In preparing this information we used our best efforts to ensure that the information contained herein as much as possible is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements if ever there is. Buyers are advised to verify / check the property for better appreciation. Furthermore, Buyers are advised not to give payments to our Sales Professionals but to the seller at the sellers office only. Price indicated is current, however, it may change without prior notice and the property is subject for availability.
