Cebu Beach Resort For Sale

Transaction: For Sale Address: Bancasan City: San Remigio Province: Cebu Zip: 6011 Country: Philippines Neighborhood: Resort Central Lot Topography: Mixed Rental Type: Building or Tower For Rent Status: Last 3 Months Stay Rent Per Month: Php500,000 Rent Negotiable?: Yes	1 Php = $43.57 (LIVE) Monthly Bill: Pay Your Own Bill Advance Rent: 24 Months Security Deposit: 12 Months Selling Price: Php100,000,000 Price per SQM: Price per SQF: Lot Area: 38,000m² Hectare: 3.8 Status: Active Furnished Status: Fully Furnished
Full Description:The Resort is about a two-hour and fifteen minute drive from Mactan International Airport or from the City. The first 110 kilometer road is concrete, the local entrance road is a 1km sand road and through the golf course is concrete. The resort is situated in San Remigio, on the west coast, by the Tanon Strait facing Bantayan island. The entire San Remigio area was declared Tourist Zone by the Municipal Government 20 years ago and today the local government is supporting the project to promote the entire area for tourism development. View Beach Resort Property on Satellite Map Update as of April 25, 2012 - Resort + Golf Course (approx. 500,000 SQM) = USD 3.75M Outright Purchase. BEACH HOTEL for sale, inclusive of: 38,000 sqm lot with white sand beach 30 rooms with balconies facing the Beach and vary from 30 sqm to 50 sqm 6 beachfront Bungalows, 50 sqm including shower and toilet Swimming pool, sunshades, Shower house and two separate saunas Bistro Restaurant with indoor and outdoor dining with attached recreation rooms for Billiard & Karaoke, Coffee shop with big bar, Lounge with Karaoke and Movie set and office with storage rooms fully furnished and operational in house electric transformers and water wells OPERATION COST The  cost of running the Hotel is very modest due to: Hotel has its own transformers and pay only P50,000/mth for Electricity and water.  Staff is flexible, all living around the Hotel, and work when we have guests only. Maintenance is very low as all buildings are made of concrete, most roofs are concrete, window &  door jams mostly concrete,  all floors tiled and most wood removed. 5 self-draining Septic Tanks.    Fresh water from own well (free) + backup supply from Pawasco. FULLY  FURNISHED  The  Hotel is fully furnished with a lot of leather chairs, leather tables, designed by Ernest Hemingway, from his Safari Collection, all rooms have oil paintings, there are TV's and Satellite Dishes for most rooms, there are Antique cabinets and Desks, a lot of American designed wood tables, leather chairs, etc. PAYMENT  A 10% deposit upon signing Agreement to Sell. Balance payment upon signing Deed of Absolute Sales(DoAS). There are 4 DoAS, 2 for land, 1 for Buildings and 1 for FFE. Capital gains tax (6% of the selling price), documentary stamp tax (1.5%), transfer fee (0.5%), registration fee (0.5%) and notarial fee (1%): Buyer pays all taxes. LEASE INFORMATION CDM Beach Hotel and/or Golf Club are open for a 2-year lease. The Lease can be prolonged by mutual consent before the end of term. The Owner’s desire is to sell the Resort and the Lessee shall be amenable to let prospective Buyers inspect the resort. Hotel Lease The leased property is comprised of 6 Bungalows on the Beach, 20 suite/room units in the hotel building (total of 27 rooms), Office and Lounge building, Coffee shop building, pool, kitchen building, shower house and Bistro building with terrace. The Penthouse, #10, will be kept for the Owners to use on weekends. The DiveShop will be used for the Golf Course as Check-in facility. The Lessee shall do no construction on the leased property. The Lessee shall pay all operative and maintenance expenses. The rental is a fixed 2-year term, paid in advance in the amount of USD 240,000. A security deposit in the amount of USD 100,000 will be required. Golf Course Rental The Golf Course is offered for rental for a fixed term of 2 years. The rental includes Irrigation System, pumps, generator, tanks, pond but no turf equipment. 8 experienced staff will remain and be transferred to the employ of the Lessee. The Lessee can easily hire additional staff experienced in golf course maintenance. Turf Mowing equipment can be leased or purchased from the Owner or operated by Owner staff for a modest amount. 12 Golf Carts can be purchased or Leased from the Owner. All operative expenses, electric bills, payroll, pump repair, etc shall be paid by Lessee. The rental for 24 month is USD 120,000 payable in advance. A security deposit in the amount of USD 50,000 will be required. Hotel and Golf Course rental Rental of both Hotel and Golf Course for 2 year fixed term will render a discounted rate of 10%. Total cost for 2 year will be USD 324,000, (USD 13,500/month).

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Agent Info Listed by: Basil & Sol Alajid | Contact Agent Landline: (63-32) 495 8704 Sol: (Globe) 0915 428-5968 (Sun) 0923 3584-689 Home Page: http://www.realestateofcebu.com Google +1: https://plus.google.com/117083241507897058886/ Facebook: https://www.facebook.com/realestateofcebu Twitter: http://twitter.com/realtyofcebu Info: The leading web-based Real Estate of Cebu Philippines, where individuals can search to and compare real estate properties from for sale cebu house and lot, cebu lots, condominiums, residential, houses, farms, seaside, rentals, land and commercial properties. You may contact us between 9AM to 9PM from Monday to Sunday, Philippines time. Contact Us if the property you want is not listed on this website, we could help you find within the Central Visayas region. Available Schedule for On-Site Visit Sat-Sun 9AM to 6PM Specific Charging on North and South Refundable Upon Reservation Going to North beyond Liloan, we charge Php1,000.00 Going to South beyond Mambaling, we charge Php1,000.00 Source: http://www.realestateofcebu.com/listing-san-remigio-beach-resort-for-sale-80.html