Luxury Bungalow with stunning views to the Pacific Ocean
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Price PHP 19,900,000
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Location Cebu
Description
For sale is a fully equipped bungalow with a main apartment, a separate 2-room apartment, a guest room with its own entrance, an open kitchen/bar, a beautiful garden with Bermuda grass and various palm trees, and its private access road. According to the Certificate of Occupancy, the total living area is 251.32 m²:
• MAIN APARTMENT 133.6 m²
o Living 47.1
o Dining 24.0
o Bedroom 23.9
o Kitchen 16.2
o Bath 12.5
o Powder room 2.7
o Laundry/Stockroom 7.2
• GUEST APARTMENT 37.8 m²
o Living 17.8
o Bedroom 16.3
o Bath 3.7
• GUESTROOM 18.0 m²
o Bedroom 13.2
o Bath 4.8
• OTHERS 41.3 m²
o Technique room 15.0
o Bar with CR 26.5
The total plot area for sale is 1,668 m². The built-up property is approx. 946 m² including the garden. The approx. 722 m² plot to the east in front of the bungalow is also being sold. This property provides access to the bungalow. The outstanding view of the Pacific Ocean is permanently secured.
The property is suitable as a home for families as well as to accommodate holiday guests.
The high-quality house, the quality and equipment of which is far above the level customary in the country, impresses with the following features:
• Made with a lot of concrete and steel, making it highly earthquake-proof
• Excellent views of the Pacific Ocean (Strait of Cebu)
• Water supply through a private deep well plus backup rainwater cistern
• Own water softening and filter system
• Solar thermal for water heating
• Double-glazed windows with PVC frames, tinted windows, integrated insect nets and electric shutters with remote control
• Reolink CCTV system (outdoor), smoke detectors, fire extinguishers
• Modern main entrance door
• Ultra-quiet split air conditioners (inverter) with remote control in 3 bedrooms
• All floors and bathroom with tiled walls; tiles format 120 * 60 cm
• 3 very well equipped bathrooms with high-quality rain showers ; wall-hung toilets; cold and hot water supply
• Washing machine
• Modular kitchen with gas cooker and high-quality electrical appliances: side-by-side fridge / freezer combination, oven, microwave, extractor hood, Dishwasher; large sink
• Two additional refrigerators in the apartment and in the open kitchen/bar
• Premium class 5.1 Hifi/TV surround system consisting
• Huge main terrace (approx. 80 m²) with approx. 8 * 4 * 1.5 m swimming pool
• Separate terrace (approx. 9.6 m²) in front of the guest room
• Large garage with an electrically operated roller door and remote control
• Entrance from the stainless steel gate to the garage covered with washed concrete (pebbles)
• Terraced garden with natural stone walls, palm trees and Bermuda grass
• Strong emergency power generator
LOCATION
Dalaguete is a place with about 67,000 inhabitants in the south of the Philippine island of Cebu. Cebu City, the second largest city in the Philippines, is approximately 90 km north and has a modern, international airport.
The house is located on a hill on the southern outskirts of the city in the district of Balud about 95 m above sea level. In the neighborhood, foreigners (German, Swiss, Australian, British) built a few houses. The access to the residential area is via a concrete road.
INCOME GENERATING HOTEL/PENSION BUSINESS
With the purchase of the property, the buyer can continue to operate the pension. The business called "Pacific View Dalaguete" is well established and very popular with guests from Cebu City as well as with international tourists. Excellent reviews in all relevant internet portals confirm the quality of the house, which is well above average. Google Maps awarded the property with five stars. Guests who booked through Booking.com rated the property with the top grade of 10.
INVESTMENT AND OUTLOOK
The quoted price is net, excluding fees, taxes and commissions: Notary Public 1 - 2 %, Local transfer tax 0.5% - 0.75%, Registration Fee 1%, Documentary stamp tax 1.5%, Capital Gains Tax 6%.
The existing infrastructure and the property offer enough space to create additional accommodations at low cost. The area could easily develop into a medium size first class resort.
The Municipality of Dalaguete, together with the Governor of Cebu, is planning to reactivate the airstrip in Casay/Dalaguete. This will be the first airport in southern Cebu and consequently real estate in the area will become more valuable.
The Municipality of Dalaguete extended the existing pier for a new wharf and docking area for all kind of ferry vessels and leisure boats. It enables many new connections, e.g., to the International airport of Panglao (soon to open) or excursions to nearby dream islands. The ambitious Municipality plans also to build a yacht and leisure boat port at the southern end of the pier.
ATTRACTIONS
There are many amazing attractions in the nearby surrounding. Enjoy short trips, daytrips and package tours to many famous tourist spots for unforgettable holidays. See some samples below:
• Whaleshark watching
• Sumilon Island
• Tingko Beach
• Kawasan Falls and Canyoneering
• Tumalog Falls
• Inambakan Waterfalls Ginatilan
• Osmena Peak
• Simala Shrine Sibonga
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