CENTRO TOWERS - Newest Best Investment in Quezon City!
If you're looking for an excellent value-for-money condo development in the center of the metro, you'll never go wrong with Centro Towers. Its location is right smack in the middle of Northern and Southern Metro Manila commercial areas and has easy access to main thoroughfares such as EDSA and Aurora Boulevard. And its at the part where there's only few traffic most of the time.
Centro has easy access to the Cubao CDB, Ortigas CBD (via EDSA and Ortigas flyover), Greenhills Shopping Complex, Kamuning/Kamias, the Timog entertainment district, etc. Its also very near the Robinsons Magnolia Mall and St. Paul's College. Close proximity to both MRT and LRT-2 gives it access to most areas of the metro.
I'm saying good value-for-money because the per square meter is at least 20-30% cheaper than most condo developments I've seen, yet the quality is, in my opinion, at par, or better due to lesser density per floor. So there will likely be less chances of long waiting times for your turn at the elevator.
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Updated Centro Tower - Hotel Concept
1.
2. Vicinity
In Keeping with the CENTRO name,
Centro Tower is situated in a prime
Quezon City Location. You’re in the
heart of the pulsating metropolis,
within short distances to dynamic
shopping centers, transportation
hubs and top notch educational
institutions.
With Centro Tower, vibrant urban
living is a heartbeat away.
3. Tomas Morato
New Manila
Gilmore
IT Center
Robinson’s
Magnolia
Greenhills
Shopping Center
LRT 2
Betty Go Station
Araneta
Center
Gateway
MRT
Araneta Cubao
4. Centro Tower is the perfect place for home.
Be part of the small caring communities
Wee Comm Developers’ Inc. is known for.
Amplify your routines and enjoy elegant
designs with a modern mindset.
Centro Tower is the perfect place for your
lifestyle.
5. 16th to 25th Floor
The Hi! Hotel & Resorts
2nd to 15th Floor
Residential Floors
Ground Floor
Commercial
Penthouse
Amenities
6. Project Address 138 N. Domingo St., Cubao, Quezon City
Total Floors 24 Floor with Penthouse
Number of Units 256 Units
Ground Floor Reception, Restaurant and Commercial
Establishments
2nd to 15th Floor Residential Component- 11 Units per Floor
Turn Over 2nd to 15th Floor June 2017
16th to 25th Floor Hotel & Resorts Component- 10 Units per Floor
Turn Over 15th to 25th Floor December 2017
Penthouse Swimming Pool, 200+ Capacity Function Rooms,
Business Center, Gym and View Deck.
Building Features
Fully Functional Hotel Operations complete with Concierge, Bell Boy, Maintenance
Crew, and Restaurant
3 High Speed Elevators
Fully Addressable Fire Detection & Alarm System
Fiber to Home Telephone/Cable/ Data Provision
Extra Cable Provider
10. Adaptable designs allow you to enjoy your
unit the way you want to. Choose from a
studio, 1 Bedroom or 2 Bedroom layouts,
all larger than industry average. Rise
above the crowd and reveal a home you
can call your own. With versatile designs
and centralized location, Centro Tower
lets you see the vision of what home can
be.
11. 1 Bedroom Unit
Gross Area 37.70 SQM
Livable Area 35.70 SQM
Balcony Area 2.00 SQM
12. 2 Bedroom Unit
Gross Area 37.70 SQM
Livable Area 35.70 SQM
Balcony Area 2.00 SQM
13.
14.
15.
16.
17. Wall Partitions 4" CHB- Plasetered and Painted
Floor
Exterior 600 x 600 Ceramic Tiles (Dining, Kitchen & Living Areas)
Bedroom 3mm Permium Vinyl Planks
Windows Powder Coated Aluminum Sliding Windows
Toilet & Bath
Floor 300 x 600 Ceramic Tiles
Wall
1 Layer 300 x 600 Ceramic Tiles & 1.8 Meter high 300 x 600
Ceramic Tiles in Shower Area
Fixtures Full Sized T & B Fixtures, Telephone and Rain Shower Type
Kitchen
Solid Surface Kitchen Counter with Stainless Steel Base cabinet
with a Provision for Exhaust
Door
Sound Proof Steel Doors
Unit Specifications
21. SERVICED RESIDENCE PROGRAM
The Serviced Residence Program involves taking a number of
individually owned condominium units, pooling them together, and
operating them with hotel services.
It does not require that all units in a condominium participate – just
enough to make the operation cost-effective.
Units need not be contiguous.
Valued clients (guests and/or tenants) are provided with the following
services:
• Housekeeping
• Reception
• Concierge
• Guest Relations
• In-Room Maintenance
22. WHAT ARE THE BENEFITS IN JOINING
THE PROGRAM?
HIGH RENTAL INCOME POTENTIAL
• The Serviced Residence Program is expected to give unit owners greater
earnings potential due to higher average daily rates that can be charged
to corporate clients/guests on short stays.
100% HASSLE-FREE OWNERSHIP
• One of the most appealing benefits of this program is that it relieves the
unit owner of the worries and problems that are inherent to finding and
dealing with tenants.
GUARANTEED MAINTENANCE
• We will handle the repairs and maintenance of your unit. Your unit and its
furnishings will be professionally maintained on a regular basis.
23. WHAT ARE THE BENEFITS IN JOINING
THE PROGRAM?
STEADY FLOW OF RENTAL INCOME
• A unit owner can expect to receive a steady monthly income whether or
not his/her unit is occupied. Management pools together the total income
of the entire program and distributes this to unit owners, net of operating
costs.
COVERED OWNERSHIP EXPENSES
• The Serviced Residence Program covers association dues, cable,
utilities, cleaning and laundry expenses, marketing expenses as well as
administration and maintenance costs.
NO REFURBISHMENT WORRIES
• The Serviced Residence Program also establishes a replacement fund for
FF&E so there will be no need for unit owners to worry about the
replacement of worn out furniture or appliances.
24.
25. GROSS RENTAL REVENUE
Number of Rooms available X Occupancy Rate X Average Room Rate
NET RENTAL REVENUE
Gross Rental Revenue ▬ Operating Expenses* and Other Fees**
EARNINGS PER SQUARE METER
Net Rental Revenue ÷ Total Square Meters in the Rental Pool
UNIT OWNER EARNINGS
Earnings per Square Meter X Area of Unit
HII SERVICED RESIDENCE PROGRAM
HOW DO YOU COMPUTE UNIT OWNERS EARNINGS?
*Operating Expenses:
Departmental Cost: Payroll and Related Expenses | Rooms Operating Costs | Other Operating Expenses
Overhead Expenses: Administrative expenses | Sales & Marketing | Property maintenance | Energy costs
**Other Deductions: Third Party Insurance | Incentive Fees (8%) | Provision for Taxes | Reserve for Furniture &
Fixtures, Amortization and Depreciation
26. DESCRIPTION Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
10-Yr Total /
Average
% of Occupancy 58% 64% 70% 74% 80% 80% 80% 82% 82% 81% 76%
Average Room Rate-Php 2,914 3,186 3,331 3,497 3,672 3,856 4,048 4,157 4,269 4,383 3,798
Total Gross Revenue 44,500,263 75,496,063 85,197,168 95,670,398 107,434,640 112,806,372 118,446,691 125,277,271 128,659,713 132,124,833 1,025,613,412
Owner's Profit 11,794,851 31,399,327 36,548,071 42,300,176 48,813,659 51,377,917 54,074,131 56,769,981 57,261,106 57,706,518 448,045,736
% to Revenue 27% 42% 43% 44% 45% 46% 46% 45% 45% 44% 44%
Average Earnings per SQM 301 595 692 801 925 973 1,024 1,075 1,085 1,093 871
Average ROI 4% 8% 9% 10% 12% 13% 13% 14% 14% 14% 11%
HII 10 Year Projection
27. • Unit owners will be asked to open a savings account in a bank
identified by HII. Unit owner’s earnings will be deposited in this
account on a monthly basis.
• Through the unit owners portal linked to the Serviced Residence
Rental Pool website, unit owners can view their statement of account
and deposit slip of their monthly earnings. Each unit owner will be
given a password in order for them to access the portal at anytime.
HII SERVICED RESIDENCE PROGRAM
HOW WILL I RECEIVE MY MONTHLY EARNINGS?