Beachfront Resort for Sale in Mamburao, Mindoro, Philippines

Beautiful Very Large Beachfront Resort-Price Reduced

12 ACRE, BEACHFRONT RESORT AND ADJOINING UNDEVELOPED BEACHFRONT. SERIOUSLY FOR SALE BY HEIRS TO SETTLE ESTATE AND AGING NON-RESIDENT INVESTMENT PARTNER.
ASKING PRICE: $550,000 U.S. DOLLARS (NEGOTIABLE) NOT ONLY A LEASE BUT THE PROPERTY AND ALL IMPROVEMENTS AND ASSETS.
PALM BEACH RESORT, JUST A FEW HOURS SOUTH OF MANILA. WEST OF PUERTO GALERA, MINDORO. VERY SCENIC MOUNTAIN BACKDROP, FRIENDLY COMMUNITY, BEAUTIFUL SOUTH CHINA SEA SUNSETS.
THE PROPERTY CONSISTS OF A PROFITABLE, OPERATING BEACHFRONT RESORT OCCUPYING 2 HECTARES (20,000 SQ MTRS.), WITH 14 MODERN CEMENT COTTAGES AND A LARGE CLUBHOUSE WITH BAR, RESTAURANT, VIDEOKE ROOM, POOL TABLE, DANCE FLOOR, MIRRORED STAGE AND CONFERENCE OR EVENT FACILITIES. THE ADJACENT UNDEVELOPED BEACHFRONT AREA OF APPROX. 30,000 SQ MTRS. IS SUITABLE FOR HOUSING DEVELOPMENT, SUBDIVISION, DIVE SHOP, OR OTHER COMMERCIAL OR RESIDENTIAL PROJECTS. THIS APEA COULD BE SUBDIVIDED FROM THE RESORT, DEVELOPED AS AN EXPAT OR VACATION HOME SUBDIVISION COMMUNITY AND SOLD THRU LIMITED PARTNERSHIP CO-OP AGREEMENTS. PROFITS CAN BE INCREASED, CONSERVATIVELY, FOUR FOLD WITH REASONABLY AGGRESSIVE MARKETING AND PROMOTION. WITH NO INTL EXPOSURE, LOCAL CLIENTELE ONLY, CURRENT NET PROFIT MONTHLY APPROX $2,300USD (2009 INCOME AND EXPENSE RECORDS AVAILABLE FOR REVIEW BY SERIOUS ON-SITE BUYERS).
PALM BEACH RESORT IS JUST FIVE MINUTES OUTSIDE THE VERY FRIENDLY, LAID BACK TOWN OF MAMBURAO ON EXCELLENT NEWLY PAVED HIGHWAY. MAMBURAO IS A PLEASANT RIVERFRONT TOWN WITH EVERY TYPE OF STORE, RESTAURANTS, ATMS, AND BANKS TYPICAL OF A TOWN OF 30,000 POPULATION. BUT WITH NONE OF THE RUSH, POLLUTION OR CRIME ASSOCIATED WITH MANY CITIES. THE NEW REGIONAL HOSPITAL IS JUST 5 MINUTES AWAY. A MODERN AIRPORT IS SCHEDULED FOR REGULAR SERVICE IN 2009.
THE BEACHFRONT RESORT WAS BUILT IN 1991 BY A GERMAN DUTCH PARTNERSHIP. ALL BUNGALOWS WERE UPDATED AND REMODELED IN 2003 AND A NEW SWIMMING POOL INSTALLED . THE RESORT HAS OVER 120 METERS (400 FEET) OF LOVELY, DEEP, SANDY BEACH FRONTAGE, WITH A SANDY SEA BOTTOM FOR SEVERAL HUNDRED METERS OUT INTO THE SEA. SAFELY LOCATED ON A SMALL, WELL PROTECTED BAY WITH CORAL HEADS AND OTHER DIVE SIGHTS IMMEDIATLY IN FRONT OF THE RESORT. THE PROPERTY LIES BESIDE A GREAT STONE JETTY. THE BEACH IS PERFECT FOR ALL AGES TO ENJOY. THE WATER IS WARM, CLEAN AND CLEAR.
THE 2 STORY CLUBHOUSE HOUSES THE RESTAURANT WITH BAR, VIDEOKE ROOM, POOL TABLE, DANCE AREA, AND MIRR BACKED, POLE EQUIPPED STAGE, AND AN UPSTAIRS LIVING QUARTERS FOR STAFF. ALSO PRESENT ARE LAUNDRY ROOM, STORAGE AREAS, AUXILIARY GENERATOR ROOM WITH EXECLLENT HIGH QUALITY DENYO 10 KVA GENERATOR, MENS AND WOMENS RESTROOMS, AND MORE.
THE 14 BUNGALOWS ARE NICELY SPACED UNDER MORE THAN 100 TALL, SWAYING PALM TREES, EACH WITH A SPECTACULAR VIEW OF THE SEA. TWELVE BUNGALOWS ARE LARGE STUDIO STYLE WITH FULL BATHROOMS. ONE IS A DUPLEX BUNGALOW. ONE HAS A LARGE LIVING, KITCHEN/DINING AREA SEPARATED FROM THE BEDROOM. ALL HAVE ROOFED PATIOS FACING THE BEACH AND SEA. ALL HAVE CEILING FANS AND SIX ARE AIR CONDITIONED. ALSO THERE IS AN OCEANFRONT (RIGHT ON THE BEACH!!!) OWNERS OR MANAGERS RESIDENCE BUILT IN 2006, WITH COVERED PARKING, TWO BEDROOMS, WITH A RAISED DECK AND ATTACHED SPA STYLE POOL WITH SEATING ALL AROUND.
THE VERY SPACIOUS GROUNDS PROVIDE PLENTY OF ROOM TO EXPAND ACCOMMODATIONS WITH MORE BUNGALOWS, HOTEL STYLE RENTALS OR FOR ADDITIONAL ACTIVITIES, SUCH AS TENNIS, FITNESS CENTER, BASKETBALL AND MORE. WATER IS SUPPLIED FROM THE RESORT’S OWN PRIVATE WELLS AND APPROVED FOR DRINKING.
PALM BEACH RESORT HAS ALWAYS BEEN OPERATED AS A FAMILY BUSINESS CATERING TO LOCAL CLIENTEL WHO VISIT FOR NOT ONLY VACATIONS BUT FOR BOOKING EVENTS SUCH AS WEDDINGS, GRADUATIONS, CONFERENCES, SEMINARS, AND LOCAL BANDS FOR DANCING. FOREIGNERS COME FOR VACATIONS. WHILE IT HAS NEVER HAD PROFESSIONAL MANAGEMENT OR INTERNATIONAL PROMOTION TO ATTRACT FOREIGN VISITORS, IT IS THE ONLY FULL SERVICE RESORT WITHIN 50 MILES, IN ANY DIRECTION AND THUS HAS NO COMPETITION. WESTERN MINDORO IS JUST NOW OPENING UP WITH GREATLY IMPROVED ACCESS FROM NEARBY MANILA AND SCHEDULED AIRLINE CONNECTION TO BEGIN SOON. THE LONELY PLANET TOURIST GUIDE RECOMMENDS IT HIGHLY, ITS POTENTIAL AS AN INTERNATIONAL DESTINATION IS EXCELLENT. THE CURRENT LEASEHOLDER OF THE RESORT HAS HAD TO TERMINATE HIS ACTIVE MANAGEMENT, ASSIGNING THIS TO LONG TIME FRIEND, FOR CRITICAL HEALTH REASONS AND HIS LEASE RIGHTS ARE INCLUDED IN THE SALE PRICE OF THE PROPERTY PER WRITTEN AGREEMENT WITH THE PROPERTY OWNERS.
ONE MAY REACH THE PROPERTY FROM MANILA EITHER BY SPECIAL VAN OR BUS TO BATANGAS PIER, WHERE SCHEDULED FERRIES TO ABLA DE ILOG,( NORTH OF MAMBURAO) AND LUXURY AIRCON VANS WAITING TO WHISK VACTIONERS DIRECTLY TO MAMBURAO.
INCLUDED IN THE SALE ARE ALL FIXED AND NONFIXED ASSETS, GENERATOR, FURNITURE, APPLIANCES, ELECTRONICS, LINENS, ETC. USED TO OPERATE THE RESORT. A TRUE WALK-IN TAKE OVER RESORT BUSINESS. HOWEVER, COULD USE SOME DEFERRED MAINT REHAB TAKEN CARE OF.
A DIVE CENTER WOULD FLOURISH WITH EXCELLENT LOCAL REEFS AND NO COMPETITION. THE RESORT IS ALSO WITHIN 2 HOURS BOAT TRIP OF THE WORLD FAMOUS APO DIVING REEF.
THE UNDEVELOPED PORTION OF THE PROPERTY LENDS ITSELF BEAUTIFULLY TO DEVELOPMENT OF PRIVATE HOMES OR A LUXURY BEACHFRONT CONDO PROJECT, AN INCREASINGLY POPULAR LEFESTYLE IN THE PHILIPPINES AND LEGAL FOR FOREIGNERS TO OWN. ALSO HUNDRFEDS OF THOUSANDS OF PILIPINOS LIVING OVERSEAS ARE STARTING TO RETIRE AND RETURN TO LIVE HERE.
FOREIGNERS WILL BE HAPPY TO KNOW THAT MANY THOUSANDS OF EXPATS LIVE AND HAVE BUSINESSES IN THE PHILIPPINES.
THERE ARE NO FINANCIAL RECORDS OF THE OPERATIONS OF THE RESORT AS THE SOLE PROPRIETOR/LEASEHOLDER, DID NOT KEEP RECORDS AS HE HAD NO ONE TO ANSWER TO AS FAR AS INCOME AND EXPENSES. IT IS CURRENTLY BEING MAINTAINED BY AN AGING OVERSEER AND DOING BUSINESS ON A LIMITED SCALE. OPERATIONAL EXPENSES AND STAFF SALARIES ARE MINIMAL. MARKETING, WEBSITE AND WORLDWIDE PROMOTION WOULD DRAMATICALLY ENHANCE PROFITS OF THIS BEAUTIFUL PARADISE.
PLEASE CONTACT THE LISTOR DIRECTLY AT THE EMAIL ADDRESS BELOW FOR FURTHER INFORMATION AND ASSISTANCE IN EXPLORING THIS UNIQUE OPPORTUNITY IF YOU ARE INTERESTED AND PREPARED FOR PROFIT AND ADVENTURE. BE ADVISED THAT THE OWNERS OF THE PROPERTY WILL REQUIRE AT LEAST 50% DOWN PAYMENT FOR PURCHASE OF THE PROPERTY, WITH POSSIBLE MORTGAGE TERMS FOR THE BALANCE TO BE NEGOCIATED.
PLEASE ONLY RESPOND IF YOU ARE SERIOUS AND FINANCIALLY QUALIFIED TO EXPLORE THIS OFFER FURTHER.
THANKS YOU FOR YOUR ATTENTION AND CONSIDERATION
LISTOR: DR. HERBERT L. CHEUVRONT; AUTHORIZED AGENT
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