Now, here’s an irresistible offer that wecan’t resist… VIVALDI CONDOTEL Worry-free investment at the center of everything!
CONDOTEL DETAILS (not final yet)Unit Area /SizeClass Min Max Min MaxStudio 13.58 17 1,689,447 2,147,265Standard 18.06 20 2,246,790 2,432,157E. Suite 19.70 29 2,450,818 3,605,314 Note: Final FLOOR PLAN and PRICE LIST – for signature and approval by 101
CONDOTEL DETAILSWHAT WE WILL DO TO THEIR UNITS•We will fully furnish the units with interior designed byprofessional Interior designers•Have units maintained professionally and all repairs done by themanagement company•All units will feature Air conditioners, in the living and bedroomareas•All units will feature color coordinated furnishings and fixturesthat feature a European concept as aligned to the overall•Concept of the entire project - the Vivaldi Residences•All units will have telephones connected to the hotel operatorand flat screen TVs•All units will be WIFI ready
Worry-free Time-Share Use andAccommodation Privilege14 Days stay and Discountsnot only for 1 Hotel but forall Eurotel branches (10 in 2013) which includes top tourist destination likeBaguio,Boracay, and Davao.
Worry-free RENTAL INCOME CONCEPT Generate an income of P500-600/sqm monthly from your unit Monthly rental is credited to unit owner’s bank accountEARN Annual escalation starting on the 5th year of hotel’s operation TO OWN No need to worry about the complexities of monitoring condotel investment variables
CONDOTEL DETAILS (not final yet)Earnings Lease per Month Lease /Class MINIMUM / MAXIMUM Sqm Lease per YearStudio 8,148.00 10,356.00 600 97,776.00 124,272.00Standard 10,836.00 11,730.00 600 130,032.00 140,760.00E. Suite 11,820.00 17,388.00 600 141,840.00 208,656.00
Worry-free RENTAL INCOME CONCEPT (estimate only) Unit type Studio Not final yet Rm Area (sqm) 16.9 Selling Price /sqm 110,000 Selling Price/ Rm 1,859,000 Hotel & Room Improvements 243,478 Total Investment / Unit2,102,478 124,407/sqm Income / Mo: Rent / Unit 600 10,140 EARN Less: Withholding Tax Net Rent / Unit 5.0% 507 9,633 Effective Time Share Value 14 2,600 TO Total Income / Unit RATE OF RETURN 12,233 7% If w/ Loan: OWN Buyer DP 20.0% 420,496 Balance to be Loaned 80.0% 1,681,982 Monthly Amort. (DP) 30 14,016.52 Monthly Amort. (80% Bal) 7.98% 12,318.35 Diff. from Net Rent / Unit 2,685.35 Diff. from Net Rent + Time Share / Unit 85
Income / Mo: TCP / Unit Rent 2.1M 600 80%Bal 10,140 12,318.35 10 yrs Bank Fin. @8% Buyer’s only 20%DPWithholding Tax Less: 420K Rent/mo 5.0%507 9,633.00 investment Difference 2,685.00 28Net Rent / Unit 15K mos 9,633 Effective Time Share Time-share/mo 2,600.00 Value 80%Bal 14 12,318.35/mo 2,600 85 10 yrs Bank Fin. @8% Total Income / Unit 12,233 RATE OF RETURN 7% If w/ Loan: Buyer DP 20.0% 420,496EARN Balance to be Loaned 80.0% 1,681,982 Monthly Amort. (DP) 28 15,017.71 TO Monthly Amort. (80% Bal) Interest: 8% 12,318.35OWN Diff. from Net Rent / Unit 2,685.35 Diff. from Net Rent + Time Share / Unit 85 Note: The amount above are not final yet and actual computation will vary based on the size, location and floor level of the unit.
Worry-free EXIT-STRATEGY CLAUSEEurotel will offer to buy the units after the lease management agreement is consumated.
THE BEST THINGS IN LIFE are WORRY-FREEwww.vivaldiresidences.com “I’ve no time to worry because I’m busy making money.” -- Condotel Owner --