3-storey hotel building of 26 hotel rooms in Mactan-Cebu, for sale @ P50 million

FOR RENT: Three-storey hotel building with 26 hotel rooms, strategically located in a prime business area of Mactan, Cebu. This is just very near big beach resorts. The building is of solid and quality construction as it is earthquake-insulated. This is newly renovated.

NEIGHBORING BUSINESS ESTABLISHMENTS:
01. Whitesands Resort and Spa
02. Karanchu Maribago Beach Resort
03. JW Hotel
04. EGI Beach Resort
05. Maribago Bluewater Resort
06. Cebu Thai Massage
07. J Park Island Resort and Waterpark
08. Bo's Cofee
09. QQ English Seafront Campus
10. Nordtropics Resort

LOT AREA: 516 sq.m.
FLOOR AREA: 1,200 sq.m
GROSS INCOME: P500k-700k a month -inclusive of VAT

NOTE: The whole building can be rented for one year as a dormitory hotel or a condo-hotel or as a Language School.

BUILDING DETAILS:
* 3-storey building (earthquake safe/insulated)
* relatively 3-year old building (building completed last 2015 of July)
* 26 hotel rooms (21 guest rooms are with bath tubs and only 5 rooms are without)
* 1 office/admin room
* 2 linen rooms
* 1 common rest room for the guests (at the ground floor)
* 1 service quarter/maid's quarter (with a toilet & bath)
* 1 restaurant/cafe area
* reception area
* parking area (for 4-6 cars)
* 1 storage room
* 1 water pressure machine
* 3 big water tanks (10,000 liters)
* 4 big washing machines
* 1 deep well
* swimming pool

Summary of Guest rooms:
7 family rooms
14 deluxe rooms with bath tub
4 standard rooms without bath tub
1 standard room with bath tub

TOTAL OF 26 GUEST ROOMS.. Every regular room can accommodate 6 persons if with double decks. Family rooms can accommodate 8 persons if with double deck.

Total Guest Capacity: 182 persons

RENTAL DETAILS:
Monthly Rental: P500,000.00 VAT inclusive (non-negotiable)
Security Deposit: 4 months
Advance Payment: 3 months
Post dated checks to be issued : remaining 9 months payable
Minimum of 1 year contract

For inquiries and assistance, please contact:

MARIQUITA "KETS" L. BOLIGOL
Licensed Real Estate Broker
License # 0005770
Leuterio Realty and Brokerage
Cebu City