Fully Furnished Queen Suite Condotel Unit at Belmont Hotel Boracay for SALE (Pasalo/Resale/Assume Balance/Transfer of Rights)

Fully-Furnished Queen Suite Condotel Unit at Belmont Hotel Boracay for SALE (Pasalo/Resale/Assume Balance/Transfer of Rights)

Location: Newcoast Drive, Boracay Newcoast
Barangay Yapak, Boracay Island,
Malay, Aklan, Philippines
Floor Level: 4th Floor
Floor area: 26.90 sqm.

Description:

* Queen suite
* Corner unit
* With balcony

For assume balance and transfer of rights.
Amount of Lumpsum Balance for pay off will be based on the latest Statement of Account upon processing of transfer of rights
Lumpsum Balance due date: August 11, 2025
Turnover date: To be determined after the LSB is fully paid off


Asking Cash out of the Seller as of February 2024: Php 1,800,000 inclusive of documentation with notarial fees and other professional fees.

Other expenses for the account of the Buyer/Assignee:

Transfer of Rights Fee due to Megaworld Corporation: Php 300,000
6% Expanded Withholding Tax due to the BIR (based on the original net TCP or zonal value, whichever is higher)
1.5% Documentary Stamp Tax due to the BIR (based on the original net TCP or zonal value, whichever is higher)
Any and all transfer related taxes and fees due to the local government units

*Note: actual amount to be determined by the BIR upon submission of documents