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Building For Sale in Panglao, Bohol Inactive

Opportunity to Own A Well Reviewed and Popular Local Homestay - 400M to Alona

Was 40 Million PHP NOW 28.9 Million PHP Own this successful Homestay barely ten minutes’ walk to Alona Beach. Excellent opportunity to take over and manage a thriving local business. You have the option to buy or lease. THIS IS WHAT’S GREAT: Excellent feedback on Facebook, TripAdvisor, Airbnb and Booking.com Fantastic reviews from Chinese and other foreign guests 5 Homestay style bedrooms in the main House and 3 extra Hotel Style rooms Very close to the new International Airport – 4km Current staff can stay if the business is leased Long lease available or purchase outright Alona Beach is incredibly popular with year-round income stream Homestay has year-round occupancy rate of 90% plus Extra income streams with tours etc The lifestyle you have been dreaming of, with a great income! KEY FEATURES & BENEFITS: Excellent Location 400m to Alona Beach 4km to Panglao International Airport 2 Family Rooms with ensuite – Sleeps 4 2 Smaller rooms 1 with ensuite – Sleeps 4 1 Double room – share Bathroom 3 ensuited rooms, 1 share bathroom. Made to Australian Standards Property has access through adjoining properties. Neighbours are very friendly Currently renting adjoining 200SQM land for staff and laundry area Currently 4 sleeping huts and one seating/ eating hut on this land Currently laundry and storage on the adjoining land Adjoining land lease terms are very reasonable with option to extend Neighbours land is also optioned for rental extending the property Deep well and town water supply Generator on site Total Land area is 484SQM PLUS 200SQM leased Generating excellent income RETURN ON INVESTMENT (ROI) Approximate yearly income for RESORT at 75% OCCUPANCY is 7 Million PHP per year gross. REMINDER – You have the option to lease the business. The land (as is normal Philippines Business procedure) is leased to you for 25 years (full new lease) plus the option for another 25 years (right to renewal). You also have first right to purchase from the buyer. We can help you get organised with business permits, municipality requirements, building permits, construction, municipal permits (wastewater, discharge) by providing our extensive local experience and contacts. WE ARE NOT A BROKER! We are simply trying to connect with people interested in buying or selling property that may not have the skills to do so! James Mathers

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