Ideal for Investors looking for ROI greater than 10%
Prime location
Near the new Star Tollways Gate where the new Super Highway connecting the NLEX makes driving to Batangas City from Manila a mere 2 hours ride. It is near Rotunda intersection of roads leading to Batangas City Proper, New International Sea Port, Lipa & Manila via old National Road, and Manila via the Star Tollways.
Also near the new Batangas Commercial Business District and SM Mall.
Lot Area: 2,500 sq.m. approx.
Floor Area: 850 sq.m. approx.
Fenced in and secured cluster of apartments, 20 furnished bedrooms, 19 toilet and bathrooms, 2 swimming pools, spa room, back-up generator set.
Tenanted earning about P210,000/month net of expenses. Lease contract with existing tenant 2 years with evergreen clause (automatic extension). Existing tenant belongs to the top 1,000 corporation and has every intention of staying indefinitely. 2 year contract has just commenced.
Batangas is a thriving commercial and business hub because of the newly opened International Sea Port constructed as an alternative to the already congested Manila International Sea Port. A conservatin 3 to 5% annual increase in real estate prices along major roads is therefore expected.
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