The Grand Cenia Hotel and Residences

	REAL ESTATE OVERVIEW

Location Barangay Luz, Cebu City
Offering One specific individual property unit
Name Grand Cenia™
Property Type Condo Unit
Transaction For Sale
Asking Price P 2,381,900
Floor Area 25 m²
Terms Fixed and non-negotiable

	PRICING INFORMATION

P 2,381,900

SHOW CURRENCIES US$ 53,393 € 35,880 A$ 60,861 £ 28,015 C$ 57,174 FJ$ 87,245 HK$ 416,995 S 223,293 ¥ 5,879,197 MR 177,587 SAR 200,226 S$ 75,253 R 416,472 D 196,099

Price/Floor Area P 95,276/m²

	PROPERTY DESCRIPTION

Join an investment opportunity that will let you ride the tourism boom and thriving hotel industry in Cebu by making you a co-owner of one of the best quality hotel projects, soon to rise, in Cebu - The Grand Cenia Condotel and Residences.

The Grand Cenia project is a 25-storey condotel and residential tower that will rise along Archbishop Reyes, corner Solon Street in Banilad, Cebu - right across Ayala Center Cebu and the Cebu Business Park.

Two products are offered - the condotel units and the residential condominium units.

1. The Condotel Units

The condotel units are 24.54 square meter hotel rooms available for purchase. These condotel units will be furnished and brought into a rental pool. All the units within the pool will be managed and operated as part of a fully functional hotel. Filinvest Land is tying-up with Aston Resort International, an internationally renowned hotel and resort operator, for the hotel operations of the project. The proceeds generated from hotel operations, basically from renting out the pooled units, will then be subdivided to the condotel owners quarterly on a per square meter basis. We are projecting an annual return on investment of 15%. Thus, you may be able to recover your investment in about 6 years! Afterwards, you will continually and perpetually receive rental income from the hotel operations. Also, Condotel owners are allowed 14 nights free per year in the hotel plus generous discounts on extended stay.

2. The Residential Condo Units

The residential condominium units are for long-term residential end users. 1 bedroom, 2 bedroom and 3 bedroom units are available. Residents shall enjoy the project’s strategic location right at the heart of the commercial and business district, its proximity to good schools, as well as all the advantages of condominium living complete with amenities and a sweeping view of the business center and the surrounding mountains.

And be it noted that Foreigners are allowed to own condo units in the Philippines!!

Prices:

1. Condotel Units (7th floor to 18th floor) Price Range: Php2.3M to Php4.3M
2. Residential Units (19th floor to 25th floor) Price Range: Php5.8M to Php12.2M.

Payment schemes such as deferred payment with no interest for three years are available

	AREA DETAILS

Security The building of this property has 24 hour security.
Neighborhood Area Urban commercial
Proximity to...

General Hospital		1 min
Downtown Area		5 min
Seaside		5 min
Shopping Mall		1 min
Police Station		1 min
Fire Station		1 min
Domestic Airport		30 min
International Airport		30 min