INVESTMENT OPPORTUNITY, 3 RENTAL HOUSES 4 SALE, Nr MOMO BEACH, PANGLAO

We are offering 3 x 1-bedroomed rental units for sale, set on a 1st lot of 356 sqm adjacent to a Brgy road and close to the access road to Momo Beach, in Looc, Panglao. This is an area, which is under tourist development, so this is an ideal time to buy in before prices escalate. Very close to Panglao centre and just 10 mins drive to Alona beach.

The duplex was finished in September 2019 and the detached property was totally refurbished at the same time.They are all of similar layout and about 50sqm interior living space.  Each has a bedroom with ensuite bathroom which has large shower area and hot water shower; open plan living area with fitted kitchen, built in gas hob and wall cabinets; sofa, large wall mounted TV and dining area; outside permanent circular concrete seating and table with parasol plus washing facilities. There is ample off-street parking at the front of the properties on lot owned land.

The units have recently been connected to the new Panglao water supply.

This investment would be ideal for anyone wishing to benefit from the up-coming development of the Momo Beach area, or for someone wishing to use one unit to live in and enjoy rental income from the other 2 units.

All 3 units are currently let long term. Currently rentals still have COVID levels, but as tenants move on rental prices will move up. The normal rental levels are between P15k - P22k per month giving a possible annual income from all 3 units of approximately P750k, although short term letting could more than double the income.

The Title documents are complete and being processed at DENR now. We will check progress next visit end of August.

We are offering all 3 at P12m (Pre-title price. Once titled the price rises) to include the lot, 3 units including contents and rental business.

For viewing please call Angus and Ai on Contact the Seller