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Listing ID: 123160

Marcos Hiway, Pasig City
2656000.00
26.95
FOR SALE: Apartment / Condo / Townhouse - Manila Metropolitan Area > Pasig

santorini condotel/condominium
santorini condotel/condominium santorini condotel santorini condotel 1
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PROPERTY DESCRIPTION:

Santorini Towers Located at -Sta.Lucia Center Marcos Hiway, Pasig City and Cainta Rizal Santorini Tower is the second of the five Mediterranean-Inspired Residential Tower Within the Cosmopolitan Complex of Sta Lucia Residenze. It follows the Success of Monte Carlo, the first Tower at the Complex.
TYPICAL UNIT SIZES CONDOTEL UNIT SIZES
STUDIO UNIT – 26.95 SQM.
1 BEDROOM -41.58 SQM.
2 BEDROOM -41.58 SQM.
CONDOMINIUM UNIT SIZES
STUDIO UNIT- 26.95 SQM
1 BEDROOM- 41.58
2 BEDROOM- 59.15 SQM
Sample Computation
Studio Unit 26.95 sq mt.
Total Contract Price: 2,696,425.00
10% Down payment 269,642.50
Less: Reservation 50,000.00
10% disc. 26,964.25 (if paid within 7 days)
Net Down payment 192,678.25
Additional 10% DP 269,642.50
24 months to pay 11,235.10
Bank Financing:
80% Balance 2,157,140.00
5 yrs @ 7% I/A 42,713.96
10yrs @ 8% I/A. 26,172.06
5 TOWERS OF STA.LUCIA RESIDENZE
1st Tower – Montecarlo – Residential Condo-Turn Over July 2015
2nd Tower – Santorini – Condotel & Resdl Condo-Turn Over 2017
3rd Tower – Romania
4th Tower – Venetia
5th Tower – Marseilles
Condotel also known as Condominium Hotel a building which is legally a Condominium but operated as Hotel where Units are individually owned as Condominium. Unit Owner are given CCT [ Condominium Certifacate of Title ]
Condotel Specifications
Fully Furnished
Flooring Carpeted Walls
Fully Painted Plaster Finish
Toilet and Bath [ 8 Ft height ] Fully Tiled Ceramic Bathtub With Exhaust
Mini Bar and Closet
Living and Dining Area [ 8 feet height ]
Provision for Air-con Unit window type Air Con
SANTORINI CONDOTEL. A condotel is a condominium/Hotel located in one of the major urban center is wise investment because you become a part owner of a Hotel establishment and Managing your Investment is Hassle Free.
ADVANTAGES OF CONDOTEL INVESTMENT COMPLETELY OWNED
1.Owners Will be given Condominium Certificate of title { CCT } as proof of Ownership.
2.Membership with the Condotel Corporation is for Minimum of 15 years Condotel conversion to Condominium becomes an option after the Contract.
3.Fully Transferable INVESTMENT RETURN 1 .you can start receiving your quarterly dividends once the Condotel is Operational with a minimum of 20% Down payment and Release of Bank Guarantee for the Balance 2 .The Typical net profit sharing among st Condotel Investor and Condotel Management is 70% {Investors } 30 {Condotel Management }
4. Investor receive the same Income Per sqm. HASSLE FREE
Self Liquidating ; the quarterly Dividends can be allocated for the units Monthly amortization 2 .Quarterly Share is to be Credited to the Investors Local Bank Account.
LUXURIOUS LIVING condotel unit owners are given the ff.
1 .Resort Like Amenities
2 .30 Days complementary Hotel room accommodation with Hotel Service Annually

Figures of Condotel dividends based on existing La Breza Tower for 2013 Computed at 50% Occupancy [ Studio_36 sqm. ]
Lest 60% Operating Expense P 32,160,000 x .60 = P 19,296,000
Net Profit P 32,160,000-P19,296,000. P 12,864,000
70% Condotel Owners’ share P 12,864.000 x.70 P 9,004,800
Unit income Per Share P 9,004,800/3,017 sqm P 2,985 36 sq,m.
Unit ‘s Annual Income from Room Rental Revenue P 2,985 x 36 sqm. P 107,449
Add 30 -Day Complimentary Room Usage Income P 3,000 x 30 days P 90,000
Total Annual Income P 107,449 + P 90,00 P 197,449
Less Association Dues P 50 x 36 sqm. x 12 Months P 21,600
Net Annual Income P 197,449- P 21,600. P 175,849
Divide by 4 to see Quarterly Income [ Frequency of Distribution is Quarterly ] P 179,8449 / 4. P 43,962
Percentage of ROI 175,849 / P 2,890,000 6.08%

SANTORINI RESORT TYPE AMENITIES RESIDENTIAL AREA
Swimming pool
Function Halls
Gazebo
Landscape Gardens
Basketball court
COMMERCIAL AREA
IL Centro
The Sta Lucia mall
Restaurant
Boutiques
Department Store
Supermarket
Cinemas
Fitness Gym
Billard Hall
Bowling Lanes

SECURITY AND SAFETY
24 hour Building Security Security Cameras;
CCTV s
Dual Purpose Telephone-intercom
Controlled Elevator Access
2 fire Extinguisher & fire Hose cabinet on every floor near the elevators
Smoke Detector &Sprinklers
Structurally Designed to with stand earthquakes
SANTORINI TOWER STATISTICS
# Of Floors – 25Floors
#Of Units – 278 Units
Basement Parking Mall 1st to 2nd Floor: IL Centro
3rd floor- Amenities
4th floor- Event Spaces
5th floor to 15th Floor–Condotel
Studio- 132 Units
1Bedroom- 22 Units
2Bedroom- 22 Units
Total: 176 Units
Floor Density- 16 units/Floor
16th to 19th Floor- CONDOMINIUM
Studio- 32 Units
1 Bedroom- 18 Units
2 Bedroom- 52 Units
Total: 102 Units
Floor Density
16 to 19th Floor- 14 Units/Floor
20th to 24th Floor- 8 Units/Floor
25th Floor-6 Units /Floor

SANTORINI CONDOMINIUM condominium are almost always in close proximity to Business establishments. public place and transport. Santorini Tower is perfectly located at the junction of Cainta and Marikina City and heart of the Sta Lucia Center .all your Shopping needs are only few steps away at IL Centro .Premier Mall below .Sta Lucia Residenze Tower .offering top retail shop .boutiques. department stores .restaurants.cafes.supermarkets .cinemas.fitness center .bowling lanes and covered basketball court is also accessible at the Sta Lucia Mall
CONDOMINIUM SPECIFICATION Fully Finished Flooring Tiled Walls/floor to Plaster Painted finish T&B height of 8 feet full tiled ceramic pedestal or Granite counter top with stainless sink bottom Built-in cabinet provision for range hood exhaust Living &dining area height of 8 feet. Air-con unit provision for window type a/c

For inquiries/tripping schedule, pls contact: Jane Ocampo-09268763095


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LISTED BY:
Royale Homes Marketing Corporation
Marie Jane Ocampo

REBL No:

CONTACT INFORMATION:
Address: 6th flr State Center Bldg Mandaluyong City
Email: Send An Email
Mobile: 09268763095
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WE HANDLE PROPERTIES IN THESE LOCATIONS:
Manila Metropolitan Area > Marikina
Manila Metropolitan Area > Pasig
Rizal > Antipolo
Rizal > Cainta
Rizal > Other areas
 
 
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