DUMAGUETE APARTMENT RESORT RUSH SALE DUE TO BLOOD CANCER
This beautiful apartment resort for sale dirt cheap. You really need to see this jewel to appreciate it! I am selling out due to blood cancer. This place is a luxurious jewel that attracts great tenants. This is not your typical apartment; it is and has been rated NUMBER ONE in Dumaguete for 8 years in a row.
TWELVE FULLY FURNISHED UNITS NEEDS NO REPAIRS ALWAYS MAINTAINED IN PERFECT CONDITION
17 FULL BATHROOMS WITH SHOWERS
624 SQ METERS UNDER ROOF
52 SQ METERS INSIDE EACH UNIT
OWNER’S RESIDENCE IS 110 SQ METERS
PLUS 80 SQ METERS OF ATTIC STORAGE
LOT IS 1,703 SQ METERS
LAND VALUE IS ~7,500 PESOS PER SQ METER
TOTAL LAND VALUE 13 MILLION PESOS
COST TO DUPLICATE TODAY
IS 43,000,000 PESOS
Price Firmly at 23 million Philippine Pesos. This price is not negotiable so don’t waste your time. I will Finance qualified buyers with 50% down!
I repeat, this beautiful Apartment Complex on the outskirts of Dumaguete City is and has been the NUMBER ONE rated Apartment Complex in the entire area for the last eight years as reported on GOOGLE and TRIP ADVISOR. There are 500 hundred previous guests that will no doubt return for another visit. Our return visitors keep on increasing because they love here! If interested send an email to Capt. David Williams at email@example.com or call 63-0927-320-2111.
CURRENT LAND VALUE IS ~13,600,000 PESOS
Vacant Land in our area is now selling for ~8,000 pesos per square meter and rising quickly. Our total land area is 1,703 square meters.
VALUE OF THE OWNERS HOUSE
The current market value of the owner’s house is 6.5 million pesos.
VALUE OF MAIN APARTMENT BUILDING
The raw construction cost on the main apartment building was 12 million pesos 8 years ago. The same building today will cost 18 million pesos. All twelve apartments are newly furnished at a cost of about 2 million pesos. In other words, to duplicate this apartment resort today would cost over 43 million pesos!
COST OF THE POOL AND SURROUNDING INCLUDING KITCHEN
The cost of the pool and surroundings was 5 million pesos. This brings the total construction cost to 27 million pesos. Now add the 13.6 million in land value and you get a fair market price of 43,000,000 Pesos. In other words, this place is a STEAL at 23,000,000 pesos.
THIS IS A TREMENDOUS INVESTMENT OPPORTUNITY!
Our main building is the strongest, safest, non-flammable apartment building in the Philippines. It is earthquake-proof, burglar-proof, fire-proof, lightning-proof, tsunami-proof, typhoon-proof, and flood-proof.
THIS IS NOT YOUR TYPICAL PHILIPPINE APARTMENT
Ninety percent of the apartments in Dumaguete are cheaply built by slum landlords to supply the demand for cheap housing. These buildings attract cheap tenants and lots of trouble makers. Our Apartment Resort serves the higher-end market. Our tenants are well-to-do and well-behaved. As mentioned above, we have been the NUMBER ONE rated apartment complex in Dumaguete City ever since we first opened our gate 8 years ago. We are the premier place to stay.
Dumaguete Studio Apartments was originally designed as a 4-story building. But we ran short of money after constructing the 18 concrete columns and hundreds of meters of beams (17″ wide and 17″ thick with nine 25 mm steel bars). We had to stop construction at 2-stories with a large attic as the third floor. However, it will be easy to lift the roof and add another two floors back to the original design.
Bottom line is that we ended up with 10 studio apartments on two floors that rent for $600 (31,200 Php) per month (5 units on each floor) with 2 loft apartments on the 3rd floor that rent for 24,000 pesos per month.
Our building is so strong that it could even serve as a bomb shelter!
WE ARE UP THE BIG MOUNTAIN 10 KM ABOVE DUMAGUETE
There are 12 fully furnished apartments plus a beautiful detached one-story owner’s house with a large attic and a drop-dead gorgeous swimming pool. Every unit is fully furnished. Also included is a small eatery that seats 40 people by the pool!
We landscaped the property at a slight downward angle to make sure our underground storm drainage system works properly. There is also an underground storage tank that stores up to 5000 gallons of filtered rainwater that is pumped into the pool as needed. This same 5000 gallons of clean rainwater can be pumped to all the buildings in the event of a water main breakage. In addition, there is another underground drainage canal that carries excess water into the main city drain. This place is flood-proof even in the worse typhoon.
NEW INTERNATIONAL AIRPORT WILL OPEN 30 MINUTES FROM OUR LOCATION IN 2021.
Dumaguete City is getting ready for a huge boost in tourism due to the opening of a new International Airport in 2021 (Link). This new airport will bring is a rush of tourists resulting in an increased demand for short-term rental apartments. The government is also building hundreds of miles of concrete roads to all the tourist attractions in the mountains above Dumaguete. The expansion boom has just now begun.
CURRENT RENTAL RATE
Each fully-furnished luxury apartment rents for 31,200 pesos. Our occupancy rate is now 100%.
FULL-TIME STAFF WILL STAY WITH THE NEW OWNER
We have a full-time maid and a full-time cook. We also have a full-time gardener and a full-time maintenance man who doubles as our driver.
THE NUMBER OF RETURNING GUESTS INCREASES EVERY YEAR!
There is no long waiting period to build up repeat customers. All units are air-conditioned and equipped with new wall-mounted 52″ SONY SMART TVs, 2-burner gas stoves, GE microwave ovens, pots and pans, towels, sheets, pillows and much more. Look everything over at this web page (Link).
GOOGLE SATELLITE MAP
The swimming pool is a big draw because none of the big hotels in the area have a pool. In other words, no one can beat our pool anywhere near our price.
FASTEST GROWING CITY IN THE PHILIPPINES
Appreciation on the property is running at 15% per year mostly because labor, materials, and land values have increased rapidly in Dumaguete. The city is growing like crazy because a new International Airport will open about 20 km from our place.in less than 2 years.
GREAT INCOME PROPERTY IN DUMAGUETE
Our occupancy rate averages 90% year-round. Hundreds of repeat tenants coming back constantly. Facilities maintained in 100% perfect condition. No repairs needed; not even small repairs. No paint needed. NOTHING BROKEN. Everything in perfect condition! YOU MUST SEE TO APPRECIATE!
We also have fiber-optic Internet at 100,000 Mbps. Moreover, this complex is super clean all around with a well-trained staff. There is also an electrified 16-foot security wall. In addition, there are security video cameras all around. This is the cleanest, most secure apartment complex in the Philippines. You must see this jewel to appreciate the value!
One other point, a class 3 cyclone has never hit Dumaguete. The mountains in the area steer the storms to the left or right of Dumaguete. The area has been hit with a big rainstorm, but we built this compound with drainage canals all-around so flood damage is out of the question.