Property Description

Panglao is a famous tourist destination for its white-sand beaches and world-class diving sites. Panglao is very accessible to other natural wonders of Bohol such as the Chocolate Hills, the countless springs, rivers, falls and caves and the ever cute tarsier, the smallest primate in the world. This condotel is Fully-fledged, nicely set and equipped with modern room finishing and accessories. • 24 studio type rooms -30sq.m each room -with cable flat-screen TV's -all have private balcony/veranda (8sq.m) -built by the highest standard by European engineers in 2017. • Reception building (200sq.m) -includes an office, bar, check-in area, and a kitchen. -It also has a roof terrace of 200sq.m for the restaurant sitting area. • Large swimming pool (200sq.m) • Own laundry facilities -with 3 underground water tanks -each has a capacity of 20cu.m. • 2 Septic tanks each of 40cu.m. • 125kwa Diesel generator for electricity supply during brownouts Currently working with the major online travel agencies like: • Agoda • Booking.com • Expedia also working with local transport, touring and rental companies Run rate sales: approx. Php30,000,000 /year with 50-60% net profit margin Lot area: 4000 sq m. Reason for selling: Owners intend to go back to Europe for good. Note: All taxes related to the sale shall be for the account of the buyer Youtube link : https://www.youtube.com/watch?v=huRbugRnxtc Contact us now!