Fully Furnished Executive Two Bedroom Floor Area: 65.74sqm [710sqft]
Php 5,467,004.14 1. 24 months equal payments Reservation Fee: Php 100,000.00 Balance 5,367,004.14 for 24 months 223,625.18 2. Save 214,680.16 30 days 40% Downpayment; Balance 24 months Payment Schedule: *Reservation Fee 100,000.00 *30 Days 40% Downpayment Net of Discount 1,932,121.50 *24 months amortization @134,175.10 (discounted) 3,220,323.90 ------------------- Total Payment 5,252,323.90 ========= Price 5,467,004.14 -------------------- Save 214,680.16 ======== 3. Save 546,700.41 30 Days Full Payment Price 5,467,004.14 Less: 10% Discount 546,700.41 Net Discounted Price 4,920,303.72 Payment Schedule: *Reservation Fee 100,000.00 *30 Days Full Payment 4,820,303.72 |
Fully Furnished Executive Studio
Floor Area: 36.5625sqm [395sqft] Php 2,753,924.06 We currently have a few Executive Fully Furnished Studio ready occupancy Condotel Suites that may be purchased with initial Reservation Fee: Php 100,000.00 1. 24 months equal payments Balance 2,653,924.06 for 24 months 110,580.17 2. Save 105,156.96 30 days 40% Downpayment; Balance 24 months Payment Schedule: *Reservation Fee 100,000.00 *30 Days 40% Downpayment Net of Discount 955,412.70 *24 months amortization @66,348.10 (discounted) 1,592,354.40 ------------------ Total Payment 2,647,767.10 ========= Price 2,753,924.06 ------------------- Save 106,156.96 ========= 3. Save 275,392.40 30 Days Full Payment Price 2,753,924.06 Less: 10% Discount 275,392.40 Net Discounted Price 2,478,531.66 Payment Schedule: *Reservation Fee 100,000.00 *30 Days Full Payment 2,378,531.66 4. 5 - Year Monthly Amortization Payment Term Payment Schedule: *Reservation Fee 100,000.00 *30 Days Downpayment 15% 413,088.61 *60 months - monthly amort 56,924.57 |
CONTACT US:
DOMINGO VALIOLA Executive Vice President Leuterio Realty & Brokerage FilipinoHomes International Network Contact Number: tm: +63906 794 6288 sun: +63932 538 0041 Website: www.cebuphilsrealty.weebly.com Email add: [email protected] SKYPE: domingovaliola follow on TWITTER: domingovaliola |
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There are in all Condominiums the “Monthly Condominium Dues” payable to cover such recurring expenses as the maintenance of the common areas, security guards etc…. and this will be around 25 pesos per square meter based upon you unit size. Annual Real Estate Taxes for a Studio Suite are around 3,000 pesos/annum. As with all Real Estate covered by Certificates or Titles Deeds, a Final Closing Fee of some –Pph-85,000.00 representing transfer and issuance of condo Title Deeds is also payable upon full payment for the unit.
The Lancaster Cebu rental pool operates on a “Co-operative” basis. Example: There are 50 units enrolled in the pool with a total floor area of 1,800 square meters. Should the Hotel room operations achieve 80% occupancy rate on a mixed rate basis and derive gross monthly room rental income of 1,640,000.00 pesos for the calendar month. The unit owners will receive a 60% share of net proceeds as share of rentals. This however will be paid as a “Dividend” based upon the total floor area of the rental pool. Example: Proceeds in Pesos 1,640,000.00 x 60% = 984,000.00 divided by total floor area of rental pool units [1,800 sqm] = 546.00 pesos per square meter which will be paid as monthly rental dividend. Hence, if you owned a Studio Unit in the rental pool, your share of proceeds for the month would be your unit floor area, example 36 square meters multiplied by 546 pesos. Ergo: your rental income would be an anticipated 19,680.00 pesos [USD 435.00] monthly. This is pro-rated whether you own a Studio or Two Bedroom Unit ……….
Moreover, because this is “Cooperative” basis, even if your unit was not used during the month you still get a share of rental proceeds because of the pro-rated pool sharing system of dividends…
The Lancaster Cebu rental pool operates on a “Co-operative” basis. Example: There are 50 units enrolled in the pool with a total floor area of 1,800 square meters. Should the Hotel room operations achieve 80% occupancy rate on a mixed rate basis and derive gross monthly room rental income of 1,640,000.00 pesos for the calendar month. The unit owners will receive a 60% share of net proceeds as share of rentals. This however will be paid as a “Dividend” based upon the total floor area of the rental pool. Example: Proceeds in Pesos 1,640,000.00 x 60% = 984,000.00 divided by total floor area of rental pool units [1,800 sqm] = 546.00 pesos per square meter which will be paid as monthly rental dividend. Hence, if you owned a Studio Unit in the rental pool, your share of proceeds for the month would be your unit floor area, example 36 square meters multiplied by 546 pesos. Ergo: your rental income would be an anticipated 19,680.00 pesos [USD 435.00] monthly. This is pro-rated whether you own a Studio or Two Bedroom Unit ……….
Moreover, because this is “Cooperative” basis, even if your unit was not used during the month you still get a share of rental proceeds because of the pro-rated pool sharing system of dividends…