The Opportunity

Situated on the prestigious eastern side of Mactan Island, Blue Coral Resort and Spa offers visitor the tranquillity and beauty of a paradise island combined with the ease and convenience of being located within easy access to Cebu city and Cebu international airport the second largest in Philippines.

Blue Coral Resort & Spa covers approximately 10,000m² with private beach overlooking the crystal clear waters of the Bohol straits and Cordova Island in the near distance.

The 195 room resort comprises of 95 studio suites, 25 two bed suites, 10 two bed pool villas and 10 three bed villas for private ownership with condominium title and offers additional facilities including 26 Spa treatment rooms, conference facilities, Restro bar, swimming pools, children’s play area, shopping and a fully equipped and professionally staffed Gymnasium, diving school and water sports.

Facilities

• 26 Spa Treatment Rooms
• Conference Hall
• Infinity Pool
• Play Area
• Childrens Pool
• Shopping
• Gymnasium
• Water Sports
• Diving School
• Private Beach
• Restro Bar
• Wellness Spa

Rental Figures

The opportunity offers a guaranteed 80% occupancy with net room rates fixed at the following:

• Studios $100 per night
• 2 bed condos $125 per night
• 2 bed pool villas $150 per night
• 3 bed pool villas $200 per night

Capital Growth

Conservatively, in the current market, capital growth is predicted to be between 7%-10% per year. 2007 was 14.2%. This is based on the low property prices and very high yields due to high occupancy and room rates.

Other positive indicators include plenty of foreign investment (eg: Donald Trump)and demand for land and property which will raise the profile of the Philippines creating higher prices.

Payment Structure

Cash Option (0% interest)

• First stage payment:  40% (30 days from reservation)
• Second stage payment: 30% (roof level)
• Third Stage Payment: 30% (hand over)

Developer finance 10% APR (either 10 or 15 year terms)

• Deposit £2000.00/$3500.00
• 40% down payment within 30 days of reservation
• 60% (less deposit) on completion of hand over (financed)
• Transfer of title remains property of Paradisya Land until last payment is complete
• Rental return is payable 2 months after hand over, in monthly arrears

Discounted Option (5% discount)

• First stage payment: 80% down payment within 30 days of reservation
• Third stage payment:  20% on completion of hand over

Return on Investment

This is the return on investment on the rental income, based on a studio priced at $108,560.00 (£59,000)

Exit Strategy

Philippine law allows foreign nationals to fully own any property that carries a Condominium title. The units can be sold at anytime, during or after completion, and as they hold a condo title, there are no restrictions regarding who can purchase the units. The average occupancy level in Cebu is over 70%, allowing a clear exit if required.