5.6 hectare Beach Resort with additional land for development

LAND & PROPERTY SALE (not a Business Sale)
We are selling the Resort and the adjacent land for approximately the Land Value set by BIR Zonal Values.

Included in the price is the Beach Resort, approximately 2 hectare developed area, with swimming pool, beach, large family rooms, coffee shop, etc.

The Resort is simple but built in solid concrete and has survived 2-3 serious typhoons and storms. It can easily be face-lifted to 4 stars or used while a bigger complex is being built on either side of the Resort.

The Resort have 30 large family rooms and 6 Bungalows, a Coffeeshop and a Pool.

The Beach is fantastic with white sand and crystal clear water.

The Beach Resort is managed by Mr Jae Lee since 2019 and its in fair operational condition, 2-3 stars. Several improvements have been made by Mr Lee and he is also a Partner in the Beach Resort.

We have agreed with Mr Lee to sell the Resort and the surrounding lands.

There are ample room on the south side of the Resort for additional rooms, houses or sporting activities. South of the beach Intercontinental planned 180 rooms on the Cliff.
On the South Slope there were 100 Townhouses planned.
Beside the Resort, there is a 5 hectare development area composed of 1 hectare Cliff, 3 hectare Slope area and some more around the Beach.

LAND VALUE
Based on BIR’s Zonal Land Values in Brgy Bancasan, given beach, shore land, roads, infrastructure, etc the land value for our 56,000 sqm is Peso 197 million.
Included in this price is the infrastructure, an operational resort and access road.

PAYMENTS & TERMS
Vendor Financing is available, Joint-Venture can be discussed, payment terms over a number of years, Lease-to-Purchase, etc can be discussed with a suitable buyer that has a viable vision, hospitality experience and strategic plan.
Approximately 50% of the total amount has to be paid upfront and the balance can be negotiated over a period of time while the land is being transferred.