Really? I'm Paying for the Land only & this Int'l. Award-Winning Facilities are ALL FREE? Part 2, San Vicente, MIMAROPA, Palawan

For Sale

$11,500,000 USD 552M
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Property Summary for Really? I'm Paying for the Land only & this Int'l. Award-Winning Facilities are ALL FREE? Part 2

Type
Other
Style
Commercial
Lot Size
291.584 Ac
Year Built
2011
Neighborhood
Port Barton
Postal Code
5309

Description for Really? I'm Paying for the Land only & this Int'l. Award-Winning Facilities are ALL FREE? Part 2

I am Paying for the Land only and this Palawan's 12 International Award-Winning Facilities are ALL FREE?\r\rYou tube link - https://youtu.be/kZAgMsWNqmc\r \r“The BEST ISLAND RESORT IN THE PHILIPPINES” \ris a Descriptive Name so as not to hamper its Business as the Resort is still in Operation. The Real Name of the Corporation and all Pertaining Details will be Disclosed to those that Qualify as an IINVESTOR. \r\rThe Resort is in Cluster 2 in San Vicente, Palawan, that offers feet-in-the-sand luxury and adventure. Located in one of the fastest-growing tourism destinations in the Philippines and set in an exclusive part of San Vicente with un-spoilt natural wonders and views.\r\rThe resort, which has already established a solid international clientele since 2011 because of its breath-taking location and excellent service which has been conferred with more than a dozen international awards in 2018 - 2019 including the prestigious title for the 2nd year running, "Philippines Leading Resort - 2019" by the Oscars of the Travel Industry "World Travel Awards."\r\r12 Plus, International Awards – 2013 to 2018\r2018 - "25th World Travel Awards" - Hong Kong. "Philippines Leading Resort" \r2018 - "Haute Grandeur Global Hotel Awards"- Dubai. "Best Island Resort in the Philippines"\r2018 - "World Luxury Hotel Awards" Bali-Indonesia "Luxury Beach Retreat - Asia"\r2018 - "Hotel of the Year Awards 2018" Ireland. "Top 100Resorts Worldwide" & "Best Eco-Nature Resort Worldwide"\t/\r2018 - "Global Luxury Hotel & Spa Awards." England "Best Premier Resort - Philippines" \r2018, 2017, 2016, 2015, 2014, 2013 - Tripadvisor.com "Certificate of Excellence Awards"\r2018, 2017, 2016, 2015, 2014 - Tripadvisor.com "Travelers Choice Award"\r2018 - Tripadvisor.com "Hall of Fame Award"\r2018, 2017, 2016, 2015 - Booking.com- "Guest Review Award"\r2018, 2017 - Asian Lifestyle Tourism Awards - China. "Best Nature Resort in South East Asia"\r2017 - "World Luxury Hotel Awards" Switzerland. "Luxury Beach Retreat - Asia" & "Luxury Island Resort -Asia" \r2016 - "World Luxury Hotel Awards" Doha - Qatar. "Luxury Hideaway Resort - Country Winner" \r\rAchievements:\r•\t28 Awards from the Philippines 2014-2018\r•\t2014 - 2018, Approved member of Zero Carbon Resorts/ Philippines. \r•\t2015 - 2018 WWF-Philippines -Approved partner \r•\t2016 - 2018 - Accredited Turtle Sanctuary by PCSD & DENR Philippines.\r•\t2017, 2018 Partner "Wildlife Friendly Enterprise Network" \r\rPresent structures;\r•\t 14 Accommodation all with Air-condition/ Satellite TV etc (Accommodates maximum 65 guests)\r•\t 1 Executive villa, 5 Premier villa, 2 Deluxe honeymoon cottages, 4 Superior cottages, 1 Junior suite room & 1 Superior room.\r•\t 1 Restaurant/ bar with 2 eating areas, generator house, management house, staff house, and security house.\r•\t Power house with Electric Generators.\r•\t Smart repeater installed at the resort which provides phone/ Wi-Fi signal. \r\rLocation;\r San Vicente in Palawan is one of the fastest-growing tourism destinations in the Philippines with this Resort perfectly situated close to some of the best tourism attractions in the Philippines.\r North of the resort is San Vicente, where San Vicente airport is only 25 minutes away by speed boat or 1 hour by local pump boat. Further north is El Nido, another famous tourist haven. \r East of the resort is Port Barton, 15-20 minutes by speed boat or 45 mins away by pump boat. This tourism destination is famous for its islands and protected marine sanctuaries. \r\rThe Resort is only 1-hour flight from Manila airport to San Vicente airport, then a 10-minute helicopter transfer or 25 minutes speedboat transfer to the resort. Alternatively, take a private helicopter or seaplane from Manila or Clark to the resort. \r\rCurrently, there are three airports that can service our guests: Puerto Princesa City International Airport, El Nido Airport and San Vicente airport which is currently being lengthened to take international flights in the near future. At present, San Vicente airport has direct daily flights from Manila International Airport via Skyjet and Clark International Airport via Philippines airlines.\r\rValuation \r\rThe following factors play an important element on the value of the resort:\r\r•\tBureau of Internal Revenue (BIR) - Current Zonal Value of Area Php 5,200 sq.m (118 Hectares/ 1,180,000 sq.m) (Document No 80)\r\r•\t14.19 Hectares FLAGT @ 141,900 sqm x BIR Zonal Valuation (Document No 80) Php 5,200sq.m = P737,880,000 / US $14,611,485\r\r•\t+ 104 hectares with supporting documents in Secret Paradise Retreat Corporation name, - Municipality of San Vicente - Zoning / Land use certification 118 hectares.\r Provincial engineering office - Topography map 118 hectares. Provincial Assessor’s office - Property Identification map 118 hectares with tax declaration.\r DENR - signed compilation signed map with technical description for 118 hectares.\r\r•\tIndependent Licensed Appraiser Report 2019 - valued at P654,564,767/ US $12,961,678 (Document No 85)\r\rRate of Sale;\r\rLower than BIR Zonal Value and Lower that the Current Appraised Market Value \r•\t Rate of sale US $11,500,000 (@ rate 49 = Php 563,500,000), Lower than the Appraised Value - US $12,961,678 / P654,564,767.\r•\t The value per sq. meter is calculated as follows: 118 hectare’s/ 1,180,000 sqm = US $9.75 sq. m / Php 478 sq. meter; this Lower than the current BIR Zonal Value at \r Php5,200 per sq. meter.\r
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Price History for Really? I'm Paying for the Land only & this Int'l. Award-Winning Facilities are ALL FREE? Part 2

Date Price
07/04/2022
$11,500,000 USD
02/01/2022
$563,500,000 USD
Listing provided by Point2 Agent

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