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Looc, Panglao
We are offering three 1-bedroomed rental units for sale in up and coming area. Set upon a 1st lot of 356 sqm on a Brgy road, adjacent to an access road to Momo Beach, in Looc, Panglao an area which is under tourist development so an ideal time to buy in before prices escalate. Very close to Panglao centre and just 10 mins drive to Alona beach. 2 units are brand new and the 3rd totally refurbished. They all have a fitted kitchen with built in gas hob and wall cabinets. The bedroom has ensuite bathroom with hot water shower. The 2 new units have unique circular concrete outside seating with parasol plus outside washing facilities. Ample offload parking at the front of the properties. The units have their own deep well water and available connection 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 usually offered for long term rental at P15k - P22k per month giving a possible annual income from all 3 units of approximately P800k, although short term letting could more than double the income. All units are currently rented and we are inviting offers of P12m for the lot, 3 units, all fixtures, fittings and furnishings and rental business. Agents are advising clients to act fast as prices around Momo Beach are likely to rise quickly once tourists return, as the beach and surrounding area are developedd into another major tourist location.
₱ 12,000,000
120 m²
Floor area
356 m²
Land Size