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Bar-Restaurant, House and Lot for Sale -180sqm – Boracay Island, Aklan in Cebu City, Central Visayas for sale

GREAT INVESTMENT OPPORTUNITY! Residential/Commercial property located right along the growing commercial area in Boracay Island. The property has road frontage and has a bar/restaurant, house and lot….. which gives a lot of potential for bar/restaurant business and/or expansion for hotel business. The bar’s foundation and massive poles are built to hold a 3-storey building (ideal for a mini-hotel).
Conveniently located along a paved road (30 seconds walk from the beach). Station 1 White Beach is also about 50 meters away and D’Mall (the town center) is about 10 mins drive away.
This is definitely one of the cleaner, more quiet parts of the island. It is also home to some of Boracay’s most luxurious villas. And it is definitely a growing commercial area (there are multiple hotels/ resorts / rental places being constructed currently close to this property). There are also a number of stores & souvenir shops nearby.
The bar American sports bar) is operational. It has a 28-seater mahogany wood bar with 7 LCD/ LED TVs, LED projector, industrial fans, Yamaha mini-road racing bike, etc. It also has a tiled bathroom (with powerflush toilet, sink, male urinal, etc), staff room, rat-proof storage room, and fully furnished kitchen (with charbroil grill, pizza oven, 18 cubic feet and 7 cubic feet Whirlpool freezers, big coolers, blender, gas oven, burners, etc, etc).
View from the 2nd Floor
Lot area : 276 square meters more or less
Living area : Two- storey house – approx. 180 sqm) ; Bar area - approx. 150 sqm
Zoning: Commercial/ residential (land taxes paid for until 2014)
Parking Space: Inside the property and along the road
Inclusions
HOUSE APPLIANCES (semi-furnished):
* The house has NEW TILES, NEW CEILING WORKS & FIXTURES, NEW PAINT & MOLDINGS
2.5 hp and 1.5 hp Panasonic window type airconditioners (excellent condition)
LG washing machine with spinner (excellent condition)
Chiropractic Mattress (Queen Size)
Shelves, computer table(s)
Kitchen appliances like hot & cold water dispenser, bread toaster, small burner, deep fryer, dinnerware
New ceiling lights, new curtains, new bathroom mirrors
Toilets and Lavatory
BAR & KITCHEN EQUIPMENT (all in great condition, some were barely used, some are NEW):
Charbroil Grill
Pizza Oven (imported from the US)
La Germania Gas Oven (with 4 gas burners)
Generator
Multiple LPG tanks & regulators
High pressure burner and low pressure burners
Deep fryer (6L, NEW), microwave oven, oven toaster
Refrigerator
18 cubic ft Whirlpool freezer with chiller function
7 cubic ft Whirlpool freezer with chiller function
Coolers
Multiple LCD TVs (7 pcs)
LCD projector (NEW)
Digital box (for additional 8 premium cable channels, Php 2500 new)
4 industrial wall fans
Osterizer blender (barely used)
Yamaha mini-racing bike
Cable & Wifi equipment
Mini-stereo/ speakers & USBs
Bar decors (e.g. punching bag, tennis rackets, basketball, etc) and decorative lights
Glassware, chinaware, silverware, meat grinder, hamburger patty maker, heavy duty french fries cutter with multiple attachments, burrito wrap cutter, pizza peels, set of knives (with bone saw, etc), trays, etc
Selling Price : Only PhP10,500,000 (USD249,000)
Income Potential
Option 1 : Rent the house out to tourists for at least USD150 per day (similar size homes for rent in the neighborhood go for USD175 or higher per day) and operate the bar
Potential Monthly Income from Rental = USD4,500 per month
Approximate income from the bar (lean season) = USD2,000 per month
Total Monthly Income = USD6,500 (PhP273,000) per month
ROI = 3.2 years
Option 2 : Lease the properties (easy option)
Potential rental price for the house = PhP70,000 per month
Potential rental price for the bar = PhP30,000 per month
Total Monthly Income = PhP100,000 per month
ROI = 8.75 years
FOR MORE DETAILS ABOUT THIS PROPERTY, PLEASE CHECK THIS LINK:
http://www.fehrealestateagents.com/bar-restaurant-...
FOR SIMILAR OR OTHER PROPERTIES, PLEASE CHECK OUR WEBSITE
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RATES AND OTHER DETAILS MAY CHANGE WITHOUT PRIOR NOTICE. FOR UPDATED INFORMATION, PLEASE SEND US AN EMAIL AT info@fehrealestateagents.com OR CALL OUR OFFICE AT 032-2362202, 032-5111022 OR CALL / TEXT US AT 0917-6233307, 0932-8617672.