Lancaster Condotel in Mactan Island

	REAL ESTATE OVERVIEW

Location EGI Condominium, Lapu-Lapu City
Offering Development (with a variety of units to choosen from)
Name The Latest Condotel Investment™
Property Type Condo Unit
Transaction For Sale
Asking Price P 2,753,924 ~ P 54,670,004
Floor Area 108 m² ~ 140 m²
Terms Fixed and non-negotiable

	PRICING INFORMATION

P 2,753,924 ~ P 54,670,004

SHOW CURRENCIES US$ 61,733 ~ US$ 1,225,510 € 41,484 ~ € 823,540 A$ 70,367 ~ A$ 1,396,911 £ 32,390 ~ £ 643,007 C$ 66,104 ~ C$ 1,312,276 FJ$ 100,872 ~ FJ$ 2,002,483 HK$ 482,124 ~ HK$ 9,570,988 S 258,168 ~ S 5,125,083 ¥ 6,797,457 ~ ¥ 134,940,913 MR 205,325 ~ MR 4,076,046 SAR 231,500 ~ SAR 4,595,662 S$ 87,006 ~ S$ 1,727,233 R 481,520 ~ R 9,558,978 D 226,728 ~ D 4,500,930

	PROPERTY DESCRIPTION

The Lancaster Suites Cebu is an EXISTING development located in Pusok, Lapu-lapu City, Cebu, Philippines, around 5 minutes travel time from Cebu International Airport and 20 minutes from Cebu City center. Lancaster Cebu development includes high design standards, quality and a Modern Mediterranean condominium development consisting of Four [4] Low Rise [Five Storey] Buildings and One [1] Low Rise [Six Storey] Building [with elevators] into a signature Lancaster Resort Condotel. It consists of some more or less 1.5 hectares of land with five [5] existing buildings laid out in clusters containing a total of some 540 condo units with a standard floor area of 36sqm [380sq ft

	AREA DESCRIPTION

Features and Amenities

The buildings are built around two central Courtyards, one of which will be developed in the Water Feature and Swimming Pool with Spa and Massage Facilities and the other into an elevated deck casual restaurant and relaxation area and will incorporate an Open Air Bar. Adequate parking will be provided within the development.

The main Lobby will incorporate the Reception areas. A Mediterranean inspired Terrace fronting the property will provide for Cafes and Coffee Shops for Al fresco casual dining. The development includes Lancaster signature design and construction. All Floors will be serviced by elevators. The Lancaster Cebu will become an extremely desirable packaged product.

The Lancaster Cebu will replicate the same high design standards, quality and conceptualization to that of the Lancaster Suites - Manila. The existing buildings will be built around two central Courtyards one of which will be developed in the Water Feature and Swimming Pool with Spa and Massage Facilities and the other into an elevated deck casual restaurant and relaxation area and will incorporate an Open Air Bar. Adequate parking will be provided within the development. Its main Lobby will incorporate the Reception areas. A Mediterranean inspired Terrace fronting the property will provide for Cafes and Coffee Shops for Al fresco casual dining. All Floors will be serviced by elevators.

All Lancaster Cebu units will include superior quality of finishing and will be sold on a FULLY FURNISHED basis to include Ready for Occupancy specifications. Hence, all appliances such as Air-conditioning, Electric Range, Refrigerator, Television as well as furnitures [Bed/Sofa/Tables & Chairs etc] will be included in the package price of each Condominium.

All payments for the purchase of the Lancaster Cebu Suites are placed directly in a specific ESCROW TRUST ACCOUNT with the Equitable PCI Bank. This Trust Account Escrow Banking agreement ensures that funds for the Lancaster Cebu project are properly disbursed for only direct project related developmental costs and expenses. There is no mingling of funds of juggling of accounts. Funds are directly disbursed to Pacific Concords contractors and suppliers. Our suppliers and Contractors are paid without delay. This means that the Lancaster Cebu buyers and contractors alike will be given the up most security and assurance of full project development and completion. Moreover, because everyone whom deals with the Company is assured of payment and paid on time the development is accomplished within the time frame promised.


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Lancaster Cebu will Operate as Condominium Hotel [condotel]

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Lancaster Suites was designed with the overseas Filipinos and foreigners in mind, so upon turnover, Lancaster Suites unit owners have the option of enrolling their units in the rental pool to be operated as hotel rooms. This ensures that unit owners can earn competitive rental income dividends when they are abroad, and still be able to use their own Condotel unit with advance notice.

Unit owners in the rental pool enjoy hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to payment of electricity bills and utilities are taken care of by professional hotel management operator. Lancaster Suites unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world.

Since Lancaster Suites is a full service Condotel, unit owners also enjoy full hotel services such as 24-hour telephone operator service, a local PABX telephone line in each unit (no need to apply for your own landline), 24 hour housekeeping service, laundry pickup service on demand, even as a resident. We authored the professionalized Condotel concept wherein unit owners in the rental pool get equal rental income per square meter- per month. Fairness is assured since all Lancaster Suites unit owners enrolled in the rental pool earn equal rental income based per square meter.

All unit owners will earn the same amount per square meter regardless of actual unit usage. This makes Lancaster Suites a profitable, transparent and fair investment especially for foreigners and overseas based Filipinos.


Payment Terms - RESERVATION FEE- Php 100,000.00
SPOT CASH PAYMENT with 10% discount
STRAIGHT CASH PAYMENT payable in 24 months without interest
24 Month Scheme with Downpayment - 20% downpayment with 10% discount - 80% in 24 months with 0 interest
Studio unit- Floor area - 36.5625 square meter-
Two Bedroom Suite - Loft- Floor area - 65.7400 square meter-



Spot Cash and downpayment payable one month after unit reservation.
All payments shall be made payable to bank-
Turnover of the unit shall be made only upon payment of at least 40% (excluding interest, if any) of the total contract price.

	AREA DETAILS

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

General Hospital		15 min
Downtown Area		15 min
Seaside		15 min
Shopping Mall		30 min
Police Station		30 min
Fire Station		30 min
Domestic Airport		10 min
International Airport		10 min