 Prime Investment Opportunity
A Great Investment Opportunity for Foreigners, Overseas Filipinos and Savvy Local Investors who visit the City of Golden Friendship for business, pleasure or vacation as they can earn as high as 17% ROI per annum as “Owner Non-Residents” of UPTOWN CONDOTEL hotel units when not using them through the Hotel Management Program. This makes UPTOWN CONDOTEL one of the Hottest Investment Opportunities in the Philippines.
The hotel units in the building will all be privately owned by their respective buyers. The hotel unit owner has the “option” of enrolling his or her unit in the Hotel Management Program. The “hotel” rental pool will be managed and operated by Plumbline Development Corporation’s affiliate or assigned Management Company for the first five (5) years only. If the unit owner opts to enroll a unit in the “Rental Pool” they merely have to do so for the standard yearly term or the minimum quarterly term.
The hotel rental pool will operate on a “Co-operative” basis, example below.
Assumptions:
Average hotel room rental rate - $100
Commissions, Discounts, Promotions – 30%
Occupancy Rate – 70%
Operational Cost – 30%
Management Fee – 10%
30 days in a month
Sample Computation:
$100 - 30% x 70% - 30% - 10% x 30days = $ 926.10/month
$926.10 x 12 months = $ 11,113.20
Hence, based on the example above, if you place your unit in the hotel’s rental pool, your share of the proceeds for the month could be as high as $ 926.10. This is pro-rated per unit whether you own a unit on the 2nd floor or penthouse or whether your unit is in the middle or at the corner.
On today's price guide for a 2nd floor middle unit ($ 65,000.00) this represents an approximate net ROI of 17% per annum!
Fairness is assured since all UPTOWN CONDOTEL owners enrolled in the hotel rental pool earn equal rental income. All unit owners will earn the same amount regardless of actual unit usage. This makes UPTOWN CONDOTEL a profitable, transparent and fair investment for all: Foreigners, Overseas Filipinos and Local Investors!
A Condominium
The UPTOWN CONDOTEL Advantage combines the luxuries of a full service hotel with concept of ownership of commercial (hotel and retail) condominium units.
UPTOWN CONDOTEL is fully owned and titles will be issued and transferred into the name of the Condominium Corporation in accordance with the Condominium Law.
Each individual unit [as well as all the “Common Areas”] in the building will be covered by, and owners will be issued a full Condominium Certificate of Title [CCT] representing their ownership in the Condominium Unit.
UPTOWN CONDOTEL is Full Property Ownership NOT Time Sharing! There is no “time limit” as to ownership of UPTOWN CONDOTEL Units. This means UPTOWN CONDOTEL is not a “time sharing” Condominium.
A Hotel
All hotel units will have kitchen facilities and each unit’s T&B will be fitted with bathtubs. The standard unit price for the residential unit provides for the suite to be fully furnished. Included in the price are the appliances, fixtures, furniture and linen.
UPTOWN CONDOTEL unit owners will enjoy luxury hotel services such as 24-hour operator assisted telephone service (no need to apply for your own landline), Cable TV & Free Internet Connectivity, and 24-hour House Keeping (Room Service) on Demand.
UPTOWN CONDOTEL will be a commercial glass tower with all the facilities of a hotel including but not limited to Concierge, Front Desk (Reception), Lobby Lounge, Coffee Shop, Filipino and International Theme Restaurants, Business Offices, Retail Outlets, a Full Service SPA, a Business Center, and a Medical Clinic with 24 Hours Nurse on Standby!
UPTOWN CONDOTEL is conceptualized and designed as a full service luxury hotel with all the comforts of home (a home away from home), your Vacation Home!
|
Beachfront Properties
For Property Buyers
