Date Posted: 2013-04-16 07:20:10
Site Posted: MyProperty.ph
Pacific Concord Properties, Inc. (PCPI)
The developer that brought you Lancaster Hotel Manila proudly invites you to invest in
The Most Luxurious Condominium-hotel Unit with Guaranteed Rental Income
The Opportunity
Make 4% - 16% Passive Income Per Year on your Condotel Unit
Plus Great Appreciation Potential
? Property has excellent Cash Flow potential given its location which is directly connected to the existing tower at Lancaster Hotel Manila, a 42-storey Mixed-use Condominium and 3.5 Star Hotel located along Shaw Boulevard. Lancaster Hotel Manila has been operational since 2007 and has existing systems and regular portfolio of clientele (Corporate, Government and Individuals) in place.
? Lancaster the Atrium is the Most Unique and Luxurious Condotel to date
? Covered by a Certificate of Title which means Real Property Ownership with Lifetime Passive Income that is transferrable to your loved-ones. Plus, it offers a 4-Year Rental Income Guaranty of at least P600.00/ square meter per month straight to your bank account! (That?s approximately P16,000.00/ month or P200,000.00/year or more for a Suite Unit with a 28.25sqm area)
? Financing Options available so you can leverage on your capital for higher Return on Investment (ROI)
? A Stress-free Property Investment as it relieves you of marketing, housekeeping, maintenance and monthly bills payment responsibilities
? Has flexibility to occupy a Hotel unit anytime, even if a tenant is occupying your own unit
The Location
? Along Shaw Boulevard, connected to Lancaster Hotel Manila
? Walking distance to Edsa-crossing, MRT, Edsa Shang-rila Mall, Megamall, Wack-wack Golf and Country Club
? But wherever you are, whatever you do, near or far, your Rental Income will be deposited to your bank account
Benefits of Lancaster Condotel Vs. Conventional Leasing
Lancaster Condotel
? Earns superior monthly rental income because the units are booked as hotel rooms and benefits from higher occupancy and room rates.
? Assured monthly income whether the unit is rented or not.
? The professional hotel management is responsible for promoting the condotel and selling hotel rooms by using an effective and comprehensive marketing program through traditional and internet-based selling and marketing tools.
? Unit is assured of professional quality upkeep and maintenance.
? Unit owner has the option to occupy own unit by temporarily pulling out from the condotel pool or to check-in to any room at preferential rates.
? Added service and convenience in paying association dues, special assessments, real estate taxes and other fees and charges through an automatic deduction from the unit owner's rental income.
? Punctual payment of utility bills thereby no fear of disconnection or service suspension.
? Monthly rental income is directly credited to the unit owner's bank account.
Conventional Leasing
? Limited earning potential since monthly rental income is fixed.
? No income when unit is not rented.
? Unit owner spends time in finding a tenant and may incur personal expenses to advertise and pay broker's commission.
? Upkeep and maintenance of the unit depend on the tenant and the unit owner. Foreign-based unit owners may have to hire a property manager or caretaker.
? Unit owner is deprived of use of his unit for the duration of the lease.
? Unit owner has to monitor payment of association dues, special assessments, real estate taxes and other fees and charges to avoid penalties.
? Service may be disconnected or suspended if the unit owner or tenant neglects to pay utility bills.
? Collection of rent is the responsibility of the unit owner.
Condotel Benefits
? Superior Rental Income The condotel operation ensures that the unit owners earn better rental income from their units compared to conventional leasing.
? Guaranteed Rental Income (GRI) Under the GRI Program, Pacific Concord Properties, Inc. will guarantee a minimum rental income of PHP600/sqm per month for the first five (5) years of operation.
? Fair Distribution of Rental Income All of the unit owners enrolled in the condotel receive the same income per square meter per month regardless of actual unit occupancy.
? Total Property Management The professional hotel manager ensures the complete maintenance and upkeep of the units in the condotel. Every billing concern such as association dues, special assessments, real estate taxes and other fees and charges are deducted from the rental income of the unit.
? Stress-free Property Investment Monthly rental income from the condotel operation is assured credited to his/her bank account regardless of where around the world the unit owner is residing.
? Flexibility The unit owner has the option to occupy his/her own unit when the need arises.
Unit Sizes
Type of Unit: Executive Suite
Area: 28.27 sqm to 39.20 sqm
Status: 82 Units Available
Type of Unit: One Bedroom
Area: 44.41 sqm to 62.82 sqm
Status: 2 Units Available
Type of Unit: One Bedroom Loft
Area: 54.09 sqm to 57.18 sqm
Status: SOLD OUT
Type of Unit: Two Bedroom Loft
Area: 75.84 sqm to 98.44 sqm
Status: 6 Units Available
Type of Unit: Three Bedroom Loft
Area: 108.19 sqm
Status: SOLD OUT
Features and Amenities
? Telephone Operator
? Grand Lobby with Reception Counter
? 24-hour Monitoring Security
? Maintenance and Housekeeping Services
? Automatic Fire Sprinkler System for all Units
? Overhead Water Tank and Underground Cistern for Ample Water Supply
? 100% Back-up generator
? Laundromat Services
? Driver?s Lounge and Toilet for selected levels
? Closed Circuit Television
? Multi-level basement parking
? Swimming Pool
? Provision for PABX service
? Hotel Shuttle Service
Unit Inclusion
Closet Cabinets
Floating Shelf for DVD Player
Dining/ Working Table with Clear Glass
Ottoman Chairs
Bed/s with Headboard
Night Table with Clear Glass
Granite-Finished Kitchen with Cabinets
Towels and Complete Bed Linen and Pillows Set
Appliances (TV, Ref, DVD, etc.)
Kitchen Equipment and Utensils
Chinawares and Glasswares
Bathroom Fixtures and Accessories
Lighting Fixtures
Room Safe
Fire Extinguisher
Decorative Pieces and Artwork
Sample Computation
Fully-fitted, Fully-furnished Executive Suite
Area 28.27 sqm
Total Contract Price (TCP) with VAT: P3,810,796.00
Reservation Fee: 50,000.00
TERMS OF PAYMENT
ALL CASH
Less 15% - 17% discount if Paid within 15-30 days
INSTALLMENT
Downpayment up to 24 months to Pay @ 0% Interest.
Balance thru Bank or In-house Financing
35% Downpayment,
Net of Reservation Fee: 1,283,778.60
Options of Payment
Option 1. Cash DP in 15 to 30 days (Less 2.5%- 3% from TCP)
Option 2. 24 Months to Pay at 0% interest: 53,490.78
Balance: 2,477,017.40
Options of Payment
In-house Financing
Option 1. 5 Years at 16% interest per annum: 60,236.25
Option 2. 10 Years at 18% interest per annum: 44,632.19
Bank Financing
Option 3. 15 Years at 9% per annum Indicative Rate: 25,123.56
Guaranteed Rental Income for 4 Years
To Start upon Completion of Downpayment and Turn-over of Unit
Monthly Rental Income
= Area x Rental Income per Square Meter per Month
= 28.27sqm x P600.00/ sqm
= P16,944.00/month
Annual Rental Income:
P16,944/month x 12 months = P203,328.00
Pacific Concord Properties, Inc. (PCPI) is the main proponent of The Lancaster Hotel Manila and Lancaster the Atrium. It was organized to develop Condominium-Hotel Properties that respond to the high demand for Serviced Apartment and Hotel units in Key Cities. It was registered with the Securities and Exchange Commission on January 16, 2002 under PCPI Registration No. A2002000617 PCPI with an authorized capital stock of PHP200 million.
For unit viewing, reservation and consultation, you may contact:
Mr. Nino Santos
Mobile: 0915-9121295
Email: ninosantos.pcpi@gmail.com
Recently Posted Properties from Around the Web:
