
			Boracay Island condotel Apartment / Flat For Sale Boracay Island Phillipines USD 106000	15/11/2008 Free Ad

Villa Maria and Villa Margarita are elite condotels located inside Fairways and Bluewater, in New Coast, Boracay Island, Philippines. Called Villas on the 9th, the units boast of being in the 9th fairway of the only golf course in the island. All units are fully furnished and owners are given access to the golf facilities. Very exclusive, with access to the east and west beachfronts. There is an exclusive airport lounge, private jetty port and free shuttle service to take you around the island.

Price per sqm is PhP110,000.00 inclusive of taxes. Studio, 1 bedroom and 2-bedroom units available.

Buyers are given the option to occupy their units as primary residence or as vacation units. Owners have the option to lease back their units to the hotel operator and earn from it while they are not using it. Depending on the area of the unit and hotel occupancy rate, earnings per year can go from PhP280,000.00 to PhP 750,000.00 (based on 2008 projections). While the unit earns during the lease-back period, owners will enjoy free 30 days use of their units every year. Aside from this, owning a unit at the Villas is a worry-free investment�maintenance and security cost, real estate property taxes, CUSA, insurance, etc. are paid for by the hotel operator.

All units are covered by condominium titles so foreigners can have 100% ownership.

More photos of this property can be viewed at leisurehomes.multiply .

Property in Phillipines & Real Estate in Phillipines