₱ 280,000,000.00

Garden Resort and Convention Center Mactan, Cebu Philippines Cordova

  Other real properties   (Item ID: 83678)

Invest in Cebu and Own this Income generating and beautiful Garden Resort and Convention Center in Mactan, Cebu.
The buyer will also have an option to buy the resort in Bohol for a lesser price for both resorts...

Lot Area: 21,600 sq. m
Price: Php 280,000,000.00 (cebu resort)
180,000,000.00 (Bohol Resort)

Features: 8 Function Rooms, 31 Guests Rooms, 5 Dormitories good for a group of 200, 4 Family Rooms and 10 Bungalows, Outdoor Amphitheater and Stage, Restaurant and Bar, Kitchen, Staff Quarters, Extensive Landscaping, Team Building Area, Big Parking Area, Large Generator, 30 foot hexagonal restaurant, 2 large pools, 2 spa, kiddie pool. Dock, new generator, 2 wells.

Ownership options:

1. Buy one or both resorts in Cebu or Bohol

2 businesses in 2 beautiful locations - Cebu and Bohol Island

Foreign tourists * Feeding employees at large corporations * Local functions

One (1) year after sale training is included in the sale price

14 years operating under same ownership

Cebu property has after tax profit of $355,000.
Land value expected to appreciate by $3.5 million USD in next 3 years.

• Construction of the Cebu to Cordova Bridge is expected to finish in 3 years
• Location is everything in business and in real estate
• There is a loyal group of past guests who return year after year
• Functions are sold nation-wide
• Profitability is growing every year

Living Accommodation:
2,500 square foot home with stain glass windows and large living room

Expansion Potential:
Half the property is undeveloped. We had plans to build a small town concept with call center,condos, convenience store, day care center...etc. There is plenty of room on the more than 1 hectare of vacant land to build several 5 story buildings.


 Published date:

April 2, 2019 2:00 am

 Expiration date:

December 31, 9999

 Region:

CEBU

 City:

Cordova


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