Fire Sale! Hotel Beach Resort in Calatagan, Batangas

JP-CP Welcome to Calatagan, Batangas ! Calatagan is a coastal municipality in the province of Batangas. The municipality has a land area of 101.50 square kilometers or 39.19 square miles which constitutes 3.26% of Batangas's total area. Its population as determined by the 2020 Census was 58,719. This represented 2.02% of the total population of Batangas province, or 0.36% of the overall population of the CALABARZON region. Based on these figures, the population density is computed at 579 inhabitants per square kilometer or 1,498 inhabitants per square mile. The municipal center of Calatagan is situated at approximately 13° 50' North, 120° 38' East, in the island of Luzon. Elevation at these coordinates is estimated at 13.6 meters or 44.6 feet above mean sea level. Property Features: Ideal for investors! Contemporary Mediterranean Architecture in Monolithic structure built in Y2014 **SELLING BELOW FMV (110M)* based on existing COMPS! *VOTED TOP 8 CALATAGAN BEACH RESORT destination, by Traveloka *White Sand shoreline shared w/ other popular resorts, i.e., Playa, Calatagan South Beach (CA SO BE) & STILTS Calatagan Beach Resort *Only 2 hrs. travel time if one leaves Manila at 4 am; 3.24 hrs. drive from Ortigas to Calatagan - after 8 am *Lot area: 1,080 sqm *Floor area: 948.65 sqm (Building & Improvements, 2 pools included) *12 Hotel Rooms in mixed Classifications - 2 Family Rooms; 8 Deluxe Rooms; 2 VIP Rooms w/ max occupancy of 65 pax/night *2 Pools - Adult & Kiddie *Guest Parking - 10 to 12 cars *w/ Dining Area and Kitchen for in-house guests *Hotel open for both Day & Night Use to maximize income generation *Roof Deck for beach viewing *Distance from Resort Gate to shoreline- 104 meters or a comfortable 5 min. walk *GROSS AVERAGE MONTHLY INCOME: between PhP 1.5M to a high of 1.750M (peak and lean months factored in) or PhP 18M/p.a. GROSS *ROI on the 6th year or shorter based on Marketing Tie-Ups by incoming Owner w/ Event Companies and Ad Agencies on peak months. Basis: 95M purchase price *STANDARD TCTitle (NOT CLOA) - no issues; bank encumbered for 10M