Condominium For Sale In LAPU-LAPU CITY (OPON), CEBU

  • room Lapu-lapu City (opon), Cebu
  • search 1325 views
  • WEB REF. # 91748041
₱4,400,000.00
$

Condominium For Sale In LAPU-LAPU CITY (OPON), CEBU

  • room Lapu-lapu City (opon), Cebu
  • search 1325 views
  • WEB REF. # 91748041
₱4,400,000.00
$
  • It is set to open a 180-room luxury resort in Mactan.A condotel will be the seco (read more...) expand_more

    It is set to open a 180-room luxury resort in Mactan.

    A condotel will be the second resort facility to be managed by the Abaca Group, adding to the existing 30-room luxury resort currently operated at the Punta EngaƱo, Mactan Island.

    Abaca Group believes that Cebu should provide top-tier facilities to meet the demand from the growing number of affluent visitors, whether here for leisure or business travels.

    Abaca will manage the resort operation which is a resort and residential project, located in the beachfront property also on Mactan Island.

    The typical 40 sq.m. condotel would cost P5,440,893 + P500,000 for furnishing and appliances to make it hotel-ready.  Misc. Fees is 4.5% of the NET contract price.

    Tower 2 (the narrower building) offers the condotel concept. 

    The advantages of investing in this project: 
    - 14 days free stay a year, transferable (others even arrange/collect for fee lower than the hotel rate), but not convertible to cash.
    - in excess of 14 days, best daily/promo rate will apply
    - profit distribution is quarterly; deposited to respective accounts
    - 6%-8% conservative ROI estimate
    - Risk-free investment - you have tangible assets, the condotel unit and the resort itself.
    - very near the airport
    - Mactan is self-sufficient with nearby Savemore grocery, Watson pharmacy, 7eleven convenience stores, food outlets at nearby Newtown township
    - Mactan has also a number of malls example:  Island, Gaisano & Marina malls  
    - Management and maintenance is handled by experienced personalities in the hospitality business
    - You can no longer be part-owner/investor of Shangri-la or Crimson, but with us you have a chance to be part-owner of ABACA-managed REEF RESORT.
     

    Here are the advantages of getting a condotel unit. Condotel units are ideal for investors rather than end-users.

    - Risk-free investment - you have a tangible asset, the condotel unit itself offered at a low price.

    - Buyers can already receive the ROI. 

    - Profit distribution is quarterly; and deposited to respective accounts

    - 14 days free stay a year, transferable but not convertible to cash

    - In excess of 14 days, the best daily/promo rate will apply

    - The hotel has already been operating since November of 2022 and is now accepting reservations. Mostly fully booked.

    - Spa, Bakery and Restaurant are already open.

    - Management and maintenance are handled by experienced personalities in the hospitality business, under a company affiliated with The ABACA Group.

    - Located very near the airport. Proximity - 15 minutes

    - ABACA will operate the Sky Bar on the 25th floor, two restaurants on the 3rd floor (main dining and baking/coffee shop), and the bar kiosk near the boardwalk.

    - Mactan is self-sufficient with Newtown Township nearby where you have SaveMore grocery, Watson pharmacy, two 7-Eleven convenience stores, restaurants, coffee shops and outdoor food outlets.

    - Lapu-Lapu City also has a number of malls; nearest are the Island mall, Gaisano & Marina malls.  

Location

Listing Details - WEB REF. # 91748041
Listing Details - WEB REF. # 91748041

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