GREAT VALUE. PANGLAO. 3 Rental Houses for sale. Panglao, Bohol, Philippines. Immediate income. P7.5m

Bohol, Panglao, Looc
Sale: ₱ 8,000,000
3 Bedroom House for sale in Looc, Bohol
Full description

Listing ID: 332-LPC

3 Bedroom House for sale in Looc, Bohol

RUSH SALE PRICE - LAST PRICE P7.5m plus all costs

Genuine reason for sale. See below.

We are offering 3 x furnished 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 and Panglao International Airport.

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 is fitter with aircon and has an 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. Rental income long term (6 months or more) achieves P15k-P20k per month. Shorter term (our minimum is 3 months) P20k to P22k per month. Shorter term letting could more than double the income.

The Title documents are complete and approved by the DENR and ready for titling.

We are offering all 3 at P8m for a quick sale - to include the lot, 3 units including contents and rental business. All costs are for the buyer. Terms negotiable

Unit 2, the blue unit will be refurbished once the present occupants move out later this year. The reduced price of P8m is an 'AS IS' price before any such renovations. The price will rise if these renovations are completed before the sale.

Genuine reason for sale. We no longer live full time on Panglao and whilst we have a caretaker, it is not expedient to manage the property from afar.

For viewing please call Angus and Ai on
View Phone

Key features
Mortgage calculator
Details on Andrew Palmer

Listing provided by Andrew Palmer who have 47 other listings.

To view this property or request more detail contact the Agent by Calling or Emailing.

View agents profile page
Marker Icon
Bohol, Panglao, Looc
Contact information
Contact agent
Other properties for sale from Andrew Palmer
The information contained in this listing forms a property advertisement of which dotproperty.com.ph has no control over content contained within. Furthermore, dotproperty.com.ph cannot guarantee the accuracy of listing information, linked content or associated resources provided by private sellers, agencies or developers for the purpose of advertising. The advertiser assumes all responsibility for the advertisement details, please contact Andrew Palmer for further detail.