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BALAIHARA VILLATELS
Your
own private villa right along the fairway of Boracay’s only resort
golf course.
- A
total of 9 buildings with a total of 267 units or 30 units per
building will be constructed.
- Out
of the 267 units, only 90 units will be sold at the launch price.
- The
rest of the units will be operated as a hotel or sold at a different
price structure.
-
Thirty (30) units per one (1) VILLATEL building with three unit
types.
- The
buildings will be put up on a 2,500 square meter lot.
- Each
unit will be covered by a Certificate of Condominium Title (CCT).
- Each
unit will be leased back to the Club for 15 years to be managed and
operated as a hotel.
The
unit owner has the option to sell his unit anytime.
Each unit owner is entitled to thirty 30 days per year personal use
of his unit.
After 15 years, the unit owner will have the option to renew the
lease for an additional 15 years to the hotel operators or rent it
out on his own.
Proceeds from the rental of the units are projected to cover the
acquisition cost in about 6 to 7 years from the start of hotel
operations.
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