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PHP 12,500,000

Excellent investment opportunity Panglao. 3 rental properties for sale


  • Transaction Type: For Sale
  • Foreclosed: No
  • Property Address: Purok 5, Looc, Panglao
  • Bedrooms: 3
  • Bathrooms: 3
  • Floor Area: 120
  • Lot Area: 356
  • Contact Number(s): +63(0)917 708 2920 +63(0)917 701 8677
Road View 6

Property Description

We are offering three 1-bedroomed rental units for sale, set upon a 1st lot of 356 sqm on a Brgy road, adjacent to an access road to Momo Beach, in Looc, Panglao an area which is under tourist development so an ideal time to buy in before prices escalate. Very close to Panglao centre and just 10 mins drive to Alona beach.

2 units are new (built August 2019) and the 3rd totally refurbished at the same time. They all have a fitted kitchen with built in gas hob and wall cabinets. The bedroom has ensuite bathroom with hot water shower. They all have circular concrete outside seating with parasol plus outside washing facilities. Ample off-road parking at the front of all the properties.

The units have their own deep well water and available connection to the new Panglao water supply when it is operational.

This investment would be ideal for anyone wishing to benefit from the up-coming development of the Momo Beach area, or for someone wishing to use one unit to live in and enjoy rental income from the other 2 units.

All 3 units are offered for long term rental at P18k – P25k per month giving a possible annual income from all 3 units of approximately P800k , although short term letting could more than double the income.

We are asking sensible offers P12.5m for the lot, 3 units, all fixtures and furnishings (90% of which were new in September 2019) and rental business.

Mobile / Contact Number(s): +63(0)917 708 2920 +63(0)917 701 8677



  


PROPERTY SUMMARY

This real estate property located at Purok 5, Looc, Panglao is For Sale and was listed on HouseAndLotForSalePhilippines.com on August 19, 2020 for PHP 12500000.

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