Panglao Island Airport Resort & Commercial Complex for Sale

PANGLAO ISLAND AIRPORT RESORT & COMMERCIAL COMPLEX FOR SALE!

📍 LOCATION: AIRPORT ROAD, PANGLAO, BOHOL, PHILIPPINES

💵 CURRENT PRICE: PHP 129,999,999 (originally valued at PHP 163,780,000)

OVERVIEW

Built to international standards by a resort developer with the purpose of handing over to a new owner on completion. The resort has been built to 95%+, all that is required is for the new owner to put their specific styling and cosmetic touches to the rooms and resort and move in. With 36 rooms, the resort is well-sized and has room sizes to fit all tourist requirements. With the commercial units fronting the resort, guest-related businesses have the flow on the resort guests as well as the many tourists that pass the location.

LOCATION

Being on the main road from the airport to the famous Alona town and beaches (2 minutes airport, 3 minutes to the world's famous tourist destination, Alona Beach), there is a lot of passing trade and the location is ideal for those tourists wishing to stay in a quality resort with easy access to all of the amenities.

LOT DETAILS

✔️ 4,484 sqm total lot size

✔️ 25-year active lease with landowners (with the option to buy land)

RETURN OF INVESTMENT

✔️ Php 35 million annual estimated income for the resort

✔️ Php 8 million for the leasing of the commercial units at 90% occupancy

ROOMS

The resort boasts 36 beautifully appointed rooms with balconies. ✔️ 21 Standard rooms [22 sqm

✔️ 1 Apartment style room [72 sqm]

✔️ 10 Deluxe rooms [28 sqm]

✔️ 4 Deluxe rooms [25 sqm]

With the rooms available to be finalized to the style of the new owner, the hard work has been done and the rooms are ready for finish and occupation. All rooms have balconies and the landscaping has matured nicely with plush tropical plants providing a good cover for privacy.

POOL

✔️ 200 sqm swimming pool deep end for dive instruction

✔️ Large pool and spa-pool area designed as a scuba diving training pool alongside usual pool activities, offering the owner the option to build a dive operation or to lease to an independent dive operator.

BAR & RESTAURANT

✔️ Can accommodate 60 people

✔️ Communal sit-around bar overlooking the restaurant and pool ✔️ Kitchen built to commercial standards and can be used for any style of cuisine

✔️ Basic style with lighting to show how the restaurant can be laid out

COMMERCIAL UNITS

✔️ Total space of 894 sqm split across 18 units from 20 sqm through to 237 sqm

✔️ Covers 2 floors with the space fronting the entrance to the resort.

✔️ Past & current clients have been tourist-focused and services focused with restaurants, tour agencies, mini-marts, etc. With direct access to the main room and ample parking, this has proven to be a popular commercial development and units move fast when available.

PARKING

The spacious parking space can accommodate up to 50 vehicles for customers from both the resort and the commercial complex

TECHNICALS

✔️ Two (2) separate water supplies: Municipality water and Deep Well

✔️ Mainline power with 50Kva backup generator (with valid usage certificate)

FOR MORE DETAILS, YOU CAN REACH ME HERE!

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