FOR SALE: Brand New 4-Storey Boutique Hotel - BORACAY @ P40M

RUSH SALE: Brand new 4-storey boutique hotel, located in a quiet area of BORACAY ISLAND. The property is just a short walk to the white beach area or the resorts area (approximately 150 meters of distance from the shoreline). The place is so homely and is surrounded with green plants. It is a home sweet home away from the party and noisy atmosphere of Boracay, and yet this is still near the prime business district. This is accessible by public vehicles as this holds a two-way well-paved road of six meters wide. The neighboring establishments are mostly spa houses, pension houses, and suite hotels. This property has a ready market by reason that Boracay is a prime tourist destination in the Philippines and is also considered as one of the top 10 islands/white beaches in the world.

LOT AREA: 243 sq.m.
FLOOR AREA (building): 725 sq.m. [approximate]
BUILDING TYPE: bed & breakfast/boutique hotel type

* a two-minute walk to the white beach area
* a five-minute ride to JEFFY PORT (in Cagban)
* a five-minute ride to D-MALL (Station 2)

1. of good foundation and quality construction
2. construction is 95% complete
3. occupancy permit is already released
4. there are fourteen (14) hotel rooms of 19 sq.m. floor size [with toilets & baths, and
water heater each], six (6) rooms with verandas and the other eight (8) rooms are just regular rooms
5. three (3) commercial space/units at the ground floor: (a) commercial unit 1 = 50 sq.m., good for a coffee shop, and; (b) commercial units 1 & 2 = 20 sq.m., with own toilet & storage area each

1. small storage in the basement
2. generator set pad [good for 75 KVA type]

Php40,000,000 (old selling price: Php50,000,000)

(Buyer pays the transfer expense, capital gains tax, doc stamps tax, and notarial fee.
Seller pays the broker's fee.)

For inquiries and assistance, please contact:

Licensed Real Estate Broker
License # 0005770
Leuterio Realty and Brokerage
Cebu City
Mobile numbers: 09328759649; 09152593896
Landline: (032) 5116260; 2367909


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Located inCebu City , Cebu
Member since July 17, 2013

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