(Prime CONDOTEL For Sale – Ramos St., Cebu City)
Amazingly Affordable!!
Ultima Residences Ramos Tower comprises 30-storeys of mixed used levels. Units are sold at a much affordable rate. Commercial spaces are also available at ground level. Homeowners and hotel guests will love the studio unit with balcony offering a sweeping view of Cebu Mountains and the Cebu Harbor.
Features and Amenities:
Close Circuit TV, Automatic Generator Set, Automatic Sprinkler System, Internet Connection, Video Intercom, 5 High-Speed elevators, Swimming pool, Multi-level basement parking.
ENROLL IN OUR LEASEBACK PROGRAM (RENTAL POOL)
The leaseback program is a condominium-hotel project offered for purchase and to be owned by individual owners who have the option of renting it out as a hotel suite when not in use.
Owners of the unit may produce rental revenues, making the ownership of a unit an income-generating investment for them.
It will be managed by an experienced and established hotel management operator – Crown Regency.
No more association dues or maintenance fees
The minimum period you can have your unit enrolled in the rental pooling is 10 years
Enjoy 30 days free stay in the hotel for one year!
FOR MORE DETAILS ABOUT THE LEASEBACK PROGRAM (Click Here)
PROJECTED ANNUAL INCOME
Assumptions:
80% hotel occupancy rate, which is the average hotel occupancy rate of quality hotels in Cebu
Room rate of P2,000 per night. This is even a conservative rate as the current hotel rates of 3-4 star hotels ranges from P3,000 to P4,000.
335 days in operation since you will be given 30 days of free stay in the hotel.
Operating expenses including hotel management fees is estimated at 50% of the total revenues.
Based on the above assumptions, your projected annual income will be P268,000!.
Condo Unit Specifications:
- 400 condominium units
- 28 – 66 sq. meter area
- Units available w/ balcony
- Priority buyers are Club Ultima members & future members
- Price: P2.1-2.5 million
1. ACTUAL PRICELIST (CLICK HERE)
2. ULTIMA RAMOS TOWER REMAINING INVENTORY (CLICK HERE)
Payment Terms and Financing Scheme
Reservation Fee: P50,000
Option 1
Total contract price payable in 36 months without interest
Option 2
Downpayment is 20% of total contract price payable in 6 months without interest
50% payable in 3 years with no interest
The balance of 30% payable upon turn-over of unit
Option 3
Downpayment is 30% of total contract price payable in 6 months without interest
50% payable in 3 years with no interest
The balance of 20% payable upon turn-over of unit
For Club Ultima Details, including current promos, please (click here)
PHOTOS
