New Boutique hotel in El Nido for sale!

Posted last month
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Price 21,000,000
Location El Nido, Mimaropa
Please contact Aline
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Description:
Opened last January 2019, already operating
3 levels: one basement and two floors
- 5 fancy rooms, 4 with open sky shower and 1 indoor pool
- All rooms are equipped with hot water (from solar) and split type air-conditioned
- Basement has his own little room (good be for staff room) in, little kitchen and laundry area
- Located at the entrance in El Nido walking distance to the town
- Contract for lease initially on 12 years remaining – land tittled
- Very affordable monthly rent for the area
- Good potential for eventually roof top restaurant (view on the cliff) or extension of the number of rooms (adding another floor for example) and up grade of room (possibility of adding mini ref and other facilities)
- Standard rooms are currently rented at 4200 pesos/night and family 5500 pesos / night
- Has its own Sewerage Treatment Plan
- All clear with Mayor Permit, ECC and other admin papers
- Mostly always fully booked in high season
- All permits and license are ok (for the moment no more building permit are beeing delivered in El Nido since they are making a capacity study, meaning a very good opportunity!)

Price for the building and the right to operate 21,000,000 pesos (which is approximately 148 000 pesos a month with a current potential turn over of at least 600 000 pesos / month and it might much higher in case of increasing the number of rooms or upgrading it)
monthly rental will be paid directly to the land owner (15,000 pesos / month --- 12 years)
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Aleene Member
Member since 06 February 2012
Philippines
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