PROPERTY DESCRIPTION:

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.

<a href="http://www.myphilippineproperty.com">Philippine properties for sale</a>