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Idyllic Beach Resort For Sale in Busuanga, Palawan Philippines
Idyllic Beach Resort On Busuanga Island, Palawan
Asking Price: $1,200,000 USD
Idyllic Palawan beach resort located on the beautiful and largely undiscovered North East cost of Busuanga Island, Palawan with plenty of excellent diving opportunities.
The resort is built on 16,345 sq m of fully titled land with 150m of private beach. In addition, there is 2.1 ha of foreshore that is currently leased on a yearly basis.
The resort is four years old and built of natural materials of timber, bamboo and thatch and comprises a total of 12 salable rooms (6 beach front cottages, 2 beachfront rooms and 4 poolside rooms), beachfront restaurant, bar, library / lounge, swimming pool with pool bar, spa, offices, activity & store rooms, staff quarters, generator house, manager’s beach house and a dive shop. The land covers approximately 16,400 sq. m with plenty of mature cashew trees, a number of coconut palms, fruit trees and numerous plants and flowers.
The resort is served by mains electricity but has two back-up generators and there is an excellent rear-round water supply from local spring. Internet connection is via a direct satellite link with Wi-Fi in the main building.
It is located approximately 45 minutes’ drive from Busuanga airport and the road is currently being upgraded to concrete and is planned to be completed by early 2017 when the journey time will be approximately 30 minutes. There are currently between 5 and 9 flight a day from Manila, plus twice weekly flights to and from Puerto Princesa and Boracay.
The North East coast of Busuanga is currently undeveloped and guests enjoy the rare unspoiled natural beauty with deserted islands close by and world class scuba diving opportunities. In addition to diving, the resort offers island hopping excursions to deserted island, trips to Calauit Safari Park, Coron Island Tours, kayaking, etc. as well as hiking over the hills to explore disused mines.
The resort is currently a family run business and enjoys a very high occupancy rate and an excellent reputation both locally and internationally where it receives many excellent reviews on Trip Advisor and other review sites. The guest base is mostly European and the room rates are competitively priced varying from US$75 to US$125 per night.
There is plenty of room for expansion, both on the land and in the sea where the current owners have a foreshore lease of about 2.1 ha. Areas have been set aside for the construction of several owners houses.
The business and land is owned by a Philippine Corporation which will be sold as an operating business, complete with all inventories, boats and will include the web-site, e-mail addresses, on-line booking system, etc. The current owners can provide help and support during the change-over period.
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