Catangnan Hotel near Cloud 9 on 1396 sqm lot

PHP50 M
For Sale Prime Location

GL006

Property ID

1,396 m2

Size

Description

This centrally located property in Catangnan/General Luna is with-in walking distance to the famous Cloud 9 surfing spot. The hotel consists of 6 Native buildings with two floors each on 1396 sqm of land area, the structures were sustainably built and strong enough to withstand.

These modern bungalow’s have 92 sq. m. of floor area each and include 2 bathrooms, a balcony and terrace. 3 of the bungalows have a kitchen and stairs interior to suitable for families, and two have the stairs outside accommodate unrelated guests/tenants using the first and second floor.

This titled property also features a deep well, water tank, septic tanks and electrical installation. There is additional space in the front and the back for a ex. a restaurant, pool, reception, stock-room, staff-house, parking area and many more.

Terms
Spot cash, portions unavailable.
Price discounted by 10 Million PHP from the original 60m listing price

Leasing option
12 Million PHP for the 6 buildings delivered ready for operation with a land lease contract for a term of up to 15 years. This would be a great option for investors who’d like to immediately enter the market with less initial start-up costs and construction lead time. Generate income from all six buildings at an estimated rate of 3,000-4,000 PHP per night / per building.

Sample gross revenue calculation
6 Buildings x 4,000 PHP x 30 days x 70% occupancy rate = 504,000 PHP a month
504,000 PHP x 12 months = 6,048,000 PHP annually

Proximity to points of interest

2 mins to Cloud 9
10 mins to Malinao
20 mins to Dapa City & Port
20 mins to General Luna
30 mins to Airport
45 mins to Pacifico

Contact Us About This Property

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Contact Us About This Property

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Address

Address: General Luna, Siargao
  • Country: Philippines
  • Province / State: Surigao Del Norte
  • City / Town: General luna, Siargao Island
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