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| Condotel For Investment - Income Profit-Sharing » Sotogrande, Fully Operational Beach Condotel Units and Residential Units |
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Location: Mactan Lapulapu, Cebu
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An Investment Proposal. FOREIGNERS CAN BUY! 100% FOREIGN OWNERSHIP ALLOWED!
100% FULLY DEVELOP, READY FOR OCCUPANCY
SOTOGRANDE AT RESIDENCIA DE VISTAMAR is sited on one Cebus most breathtaking locations. It sprawls over a wide expanse of greens and overlooks the azure blue waters of Mactan. At Residencia de Vistamar, everything is just a breath away.It all about spending quality time with your son at he beach. Or sharing a laugh or two with your daughter. or taking the chance to spend a day
dedicated to each other. Ah! These are the luxuries that await you at the ultimate seaside retreat
INVESTORS BENEFITS OF SOTOGRANDE AT RESIDENCIA DE VISTAMAR combines the features of a condominium and a hotel. It offers the opportunity of investing in a unit like and the management and the services of a hotel. The developer will form a management group that will
manage, operate and market the units that will be joined the rental pool. Hotel units will be sold to individual buyers. These units purchased will serve as an investment. Units owners will then turn over their units to the management to be pooled, operated and marketed by the hotelier. This schemes allows the unit owners to gain income from their investment with having to deal with the daily operational requirements. Whether or not the particular unit was not occupied during the period, the unit owner gets the same shares with the rest of the units that has been occupied.Investors will derive income from the share of the net operating profit of the hotel based on the occupied rooms per year and total expenses. Aside from the steady source of revenue from the lease rentals, investors are also guaranteed of the following privileges.
*IMPRESSIVE PROPERTY APPRECIATION
*FULLY FURNISHED HOTEL SUITES
*WORRY FREE MAINTENANCE OF THEIR RESPECTIVE UNITS
*DISCOUNTED AND UNLIMITED ACCESS TO VISTAMARCOUNTRY CLUB
*FREE USE OF THE UNITS FOR 30 DAYS IN A YEAR
Just in case a hotel guest is occupying your unit at
the time when you want to stay in it, it is still your privileges as an investor to stay in another room with the same unit area and enjoy the same benefits.
AMENITIES IN BEACH RESORT AND COUNTRY CLUB
*Clubhouse
*Function rooms
*Ballroom
*Conference & Banquets
1) Grand Ballroom 1 & 2
2)KTV
3) Fine Dining
*DISCOTHEQUE
*RESTAURANT
1) FOODS & BEVERAGE FACILITIES
*Coffee shop/bar
*SPANISH TYPE VILLA WITH AIRCONDITIONER & HOT/COLD WATER
1) Bay view rooms
2) Cable TV
3) Mini Bar
4) Room service
*Open tennis court
*Open Basketball / Vollyball court
*Billiards
*Badminton
*Darts
*SWIMMING POOLS
1) Eternity pool
2) Kiddie pool
3) Villas pool
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NOTE: HOTEL UNITS ARE NOW IN FULLY OPERATIONAL.
DAILY RATE: P5,500 TO P8,500 PER DAY.
RETURN OF INVESTMENT
A. HOTEL UNITS
Second Floor 14
Third Floor 16
Fourth Floor 16
Fifth Floor 16
Sixth Floor 16
TOTAL HOTEL UNITS 78
Number of Days a month 30
Total Hotel room night/month 2,340
Number of months a year 12
TOTAL ROOM NIGHTS PER YEAR 28,080
B. HOTEL ROOM RATE NIGHT(base on present rate)
C. INCOME PROJECTION PER UNIT OWNER BASED ON THE
FOLLOWING OCCUPANCY UNIT OWNER
OCCUPANCY 65% 75%
Total room nights/year 18,252 21,060
Rental Rate.night 5,500 5,500
Rental Income/Year 100,386.000 115,830.000
Less: Operating Expenses
(60%) 60,231.600 69,498.000
Net Rental Income 40,154,400 46,332.000
Total Hotel Units 78 78
Income Share per Unit owner/year 514,800 594,000
add: 30 days free use (value) 165,000 165,000
Estimated income /year/owner
P679,800.00 (base of 65% occupancy)
P56,650.00/month
P759,000.00 (base of 75% occupancy)
P63,250.00/month
NOTES:
A. Estimated operating expenses include monthly dues, management fees,
utilities, manpower, laundry expenses, hotel consumables (soap,
shampoo, etc.)
B. Estimated or Projected ROI does not include value appreciation,
increase in hotel rate, etc.
C. Mactan Hotel Occupancy rate is averaged at 75% for the year
D. Guaranteed room is based on an 8 weekend day per month
AMENITIES IN BEACH RESORT AND COUNTRY CLUB
*Clubhouse
*Function rooms
*Ballroom
*Conference & banquets
1) Grand ballroom 1 & 2
2) KTV
3) Fine dining
*Discotheque
*RESTAURANT
1) Foods & Beverage facilities
*Coffee shop Bar
*Spanish-type villa with airconditioner & hot/cold water
1) Bay view rooms
2) Cable TV
3) Mini bar
4) Room service
*Open tennis courts
*Open Basketball / Volleyball courts
*Billiards
*Badminton
*Darts
*Swimming pools
1) Eternity Pool
2) Kiddie Pool
3) Villas Pool
PRODUCT OFFERING: AVAILABILITY
1) CONDOTEL UNITS = 7 UNITS LEFT
2) RESIDENTIAL UNIT = 1 RESALE UNIT BY OWNER.
HURRY ....FEW UNITS ARE LEFT ...
READY FOR OCCUPANCY UNITS
UPDATED SEPTEMBER 2010
CONDOTEL JOINING FEE = P20,000.00
PRICES:HOTEL SUITE DELUXE 1 BEDROOM
1) 1 BEDROOM SECOND FLOOR UNIT A
FLOOR AREA= 72.854 SQM
PRICE -------P6,119,736.00
2) 1 BEDROOM SECOND FLOOR UNIT I
FLOOR AREA= 72.854 SQM
PRICE -------P6,119,736.00
3) 1 BEDROOM SECOND FLOOR UNIT M
FLOOR AREA= 80.65 SQM
PRICE ------P6,774,600.00
RESIDENTIAL (1 BEDROOM ) RESALE BY OWNER
LOCATION : 9TH FLOOR OCEAN VIEW
FLOOR AREA= 55.26 SQM
PRICE ......P5,500,000.00
NO ADDITIONAL EVAT.
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HOTEL SUITE REGULAR (STUDIO TYPE )
1) STUDIO TYPE SECOND FLOOR UNIT B
FLOOR AREA: 44.721 SQM
PRICE --------P3,756,564.00
2)STUDIO TYPE SECOND FLOOR UNIT C
FLOOR AREA :44.721 SQM
PRICE ------P3,756,564.00
3)STUDIO TYPE SECOND FLOOR UNIT G
FLOOR AREA :39.393 SQM
PRICE ------P3,309,012.00
4)STUDIO TYPE SECOND FLOOR UNIT L
FLOOR AREA :39.393 SQM
PRICE ------P3,309,012
NOTE: PRICES ARE INCLUSIVE OF EVAT.
MODES OF PAYMENT
RESERVATION FEE IS P100,000.00
1) CASH PAYMENT WITH 10% DISCOUNT.
NOTE: 2ND TO 6TH FLOOR ARE HOTEL SUITES
7TH TO 9TH FLOOR ARE RESIDENTIAL SUITES
click pictures above to enlarge
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| Clubhouse & Swimming Pool |
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| Studio Type Condotel |
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Floor Area: 44 sqm |
Price: 3,421,262.80 PHP
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| Specifications: |
Studio Type Condotel Unit with 1 toilet & bath with bathtub.
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| Resale 1 Bedroom Unit Residential |
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Floor Area: 55 sqm |
Price: 5,500,000.00 PHP
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| Specifications: |
1 Bedroom residential Unit located in 9th floor with Ocean View. It has kitchen, toilet & bath with bathtub, living area and balcony.
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| Living Area with glass door leading to a balcony |
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| A view from a balcony to the Niegborhood & Ocean |
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