SAMPLE COMPUTATION:
RESIDENTIAL CONDOTEL
FLOOR AREA 28.46 SQM. 28.46 SQM
TOTAL INV. VALUE Php 1,618,122 Php1,895,208
INVESTMENT SCHEME:
I. CASH PAYMENT
TOTAL INV. VALUE 1,618,122 1,895,208
LESS 10% DISCOUNT 161,812 189,520
NET TIV 1,456,309 1,705,687
LESS RESERVATION 20,000 20,000
II. 10% SPOT DOWNPAYMENT, LESS 15% DISCOUNT
161,812 189,520
LESS DISCOUNT 24,271 28,848
LESS RESERVATION 20,000 20,000
NET DOWNPAYMENT 117,540 140,672
OR
10% D/P IN 18 MONTHS 7,878 21,513 (INCLUDES FURNISHINGS)
BALANCE OPTIONS:
A. IN-HSE.FIN.-10 YEARS @ 12% 20,894 21,348
B. BANK FINANCING 15,122 15,451
C. PAG-IBIG FINANCING 11,513 -
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Most AFFORDABLE CONDO with HOTEL AMENITIES! To schedule a FREE TRIPPING/ Consultation, Please call us at 583-5583 . Mobile 0919-9222577.
Bayo Condotel & Suites is a 12 Storey Building plus the penthouse level. The proposed development has 9 Commercial Units at the Ground Floor, 140 Residential Units & 60 condotel units with 189 parking slots located at Basement 1, 2, Ground and Second level.
STRATEGIC LOCATION:
Bayo Condotel & Suites is located along Scout Bayoran corner Scout Tuazon in South Triangle Quezon City
Proximity to:
A. TV Stations:ABS-CBN Broadcast Center,GMA Network , B. Educational Institutions; Miriam College, Ateneo De Manila University, University of the Philippines, St. Mary’s College, Paref Northfield, STI
C. Churches; St. Paul the Apostle Church, Bread of Life Crossroads , D. Medical Institutions, St. Luke's Medical Center, Capitol Medical Center, Philippine Heart Center, East Avenue Medical Center, Veteran Memorial Medical Center
E. Commercial Establishments; Trinoma, SM North EDSA, Crossings Department Store, Quezon Avenue
Facilities: & Amenities:
*Main Lobby/Grand Entrance
*Promenade area
*Computerized high-speed elevators
*Fitness Gym
*Penthouse Multi-purpose Hall
*Wi-Fi ready
*Entertainment Room
*Laundry service
*Lounge/Open-Air function room
*Grand entrance
*Garbage collection facilities
*Convenience store
*Swimming pool
*Waste water treatment disposal system
*Building lightning arrester
*24-hour Security
*Electronic Security door lock
UNIT LAYOUT
A. Flat Units
*1 Bedroom-28.72 sqm
*Exec. 1 Bedroom-33.75 sqm
*2 Bedroom-49.25-76.43 sqm
*3 Bedroom-108.80 sqm
B. Loft Units
*2 Bedroom-56.73 sqm
*3 Bedroom-72.23-113.68 sqm
*4 Bedroom-165.43 sqm
INVESTMENT TERMS
*Spot Cash: less 10% of TCP
*Deferred Payment 1: 10% initial investment ; 90% Bal. in 2 years 0% interest
*Deferred Payment 2: 10% initial investment in 18 months
*NO DONPAYMENT: 100% in 36 months @ 0% Interest
*IN-HOUSE: 20% in 24 months; 80% Bal in 10 years @ 12% p.a.
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Bayo Condotel & Suites has a very big potential for high return of investments. Your Monthly share of income from your condotel unit can pay for your monthly amortizations. To more of this please call us at 583-5583 or at 0919-9222577.
BAYO CONDOTEL & SUITES BENEFITS:
(CONDOTEL UNIT BUYERS ONLY)
At Bayo Condotel you own a specific Condotel Unit and have Condominium Certificate of Title in your name once it is fully paid.
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Bayo Condotel Owner will get a 30-day FREE stay benefit commences at the start of every fiscal year. This will be distributed to the Unit Owner in terms of certificates where they are entitled to priority in booking even on peak seasons provided the availing of the 30-day FREE stay is exercised and availed of by negotiating in advance the use of the unit.
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Bayo Condotel Owner may use his 30-day FREE stay for more than one unit at the same duration, provided that it would be the same unit type. For example, if an owner will stay in the condotel for a week and he will rent another unit for his family or friend, he will consume a total of 14 days for the week chargeable to his 30-day FREE stay.
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If the usage will exceed 30 days, they will have to pay the member’s rate which is 30% discount from the regular rate.
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If the Condotel Owner was not able to use the 30-day FREE stay benefit. Subject to 2 months prior notice before expiry, the unused 30-day FREE stay maybe transfer/authorized his friends or relatives to use it. Advance booking and registration is required subject to the availability of room units.
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While the condotel is under construction, Buyers who pave paid the units and have a with 30-day FREE benefits may avail it at Sir William’s Hotel located at No. 39 Timog Avenue, South Triangle, Quezon City on a pro-rata basis as follows:
a. 100% payment – 30 days free c. 30% payment – 7 days free
b. 50% payment – 15 days free d. 20% payment – 5 days free
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If the Condotel Owner does not use his FREE stays on peak season, he will receive a bonus on those days equivalent to room rate difference on regular days.
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Bayo Condotel Owner can upgrade his FREE stay to different Unit category, provided that he has to pay the difference in room rates.
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Bayo Condotel Owner will receive an income from the Hotel operation.
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In order to maximize returns and ensure cost efficiency for Condotel Owner, only room revenues and room divisions related expenses are considered in the determination of income such as housekeeping, laundry, front office, security, repairs and maintenance, utility, taxes and insurance attributable only to the units. Food and Beverages (F&B) and its related expenses as F&B personnel, kitchen equipment, supplies, utilities, taxes and insurance are treated separately from and independent of the room divisions expenses of each Condotel units. This setup assures the Condotel Owners a cost efficient operation as room related expenses are easily controlled and managed.
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Dividends shall be payable quarterly in checks to be mailed or paid directly to the bank accounts of Condotel Owners.
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Bayo Condotel Owners will still receive quarterly income based on the type of unit regardless of whether the unit was rented or not. Hotel operator will pool together its entire total income from rental operations and distribute this to the Condotel Owners as dividends according to the pro-rata percentage sharing on unit types. Income will come from room revenue less room division expenses.
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BayoCondotel Owners can not live in their property full time. Condotel is for Investors Only. Condotel Owners are required to enroll in the Condotel Operations for a minimum of ten (10) years with further option available to the operator which he is likely to invoke to extend the term on expiry subject to mutual agreement as per majority vote of the Unit Owners Association.
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Sir William’s Hotel will be the Hotel Operator to manage the Condotel and to provide financial, operational and property management of the Condotel Units.
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Hotel Operator will receive 50% shares on the gross income of the Condotel.
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Asa a premium responsibility to the Hotel Operator, if total expenses do not exceed 30% of net sales, which shall result in a 50% gross operating profit before income tax, an additional 3% of net income will be given as a bonus to the Hotel Operator.
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Minor and major repairs are shouldered by the Hotel Operator and chargeable to and part of the operating cost covered in the estimated 50% Hotel Operator’s share.
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All “Bayo Condotel & Suits” Unit Owners are automatically members of the Condominium Association and pay association dues but for Condotel Owners, Condominium Association Dues are charge to the Hotel Operator and part of the operating cost covered in the estimated 50% Hotel Operator’s Share.
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The Condotel Owners will pay their INSURANCE PREMIUM share to the Condominium Association.
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Upon operation of the Condotel, investors will received percentage of income .
FOR MORE INFORMATION :
To schedule a FREE TRIPPING/ Consultation, Please call us at 583-5583 or Mobile 0919-9222577.
FOR INQUIRIES or to SCHEDULE SITE VISIT, Please Contact:
OSCAR M. ALABADO
Real Estate Broker
LICENSE NO. NCR-21138-03223
PASIG PAREB - REALTOR
PHILPROPERTIES INT'L. CORP.
Telephone : +632-583-5583
MOBILE NO.: +63919-9222577
http://oscaralabado.sulit.com.ph
http://oscar_philproperties.bahay.ph
Email:[email protected]
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