El Nido Property

You Could Own A Unique Beachfront Commercial
Pension-House/Bar/Restaurant In El Nido, Palawan

This Building Could Pay For Itself  Within a Few Years

Tourism in El Nido, Palawan is now booming because its one of the most popular destinations for adventure, diving, snorkeling, swimming, hiking in all of the Philippines.

Some time ago Ayala Land became the major player of tourist development in our small town. They rebuild and opened Pangalusion Resort in Oct 2102 and they extended the private El Nido airstrip to cater to 50 seater planes (called the Bullet) so planes fly more regularily.

Their 2 billion construction project on Lio seafront (north of town) began shortly after and I’ve heard they will have a Jollybee and McDonalds there too – woh!! I imagine it will be a huge Business Center for mostly Asian Visitors.

Puerto Princesa now has 123 weekly flights and the Roro bus with its service every 2 hours together with many other transports make it easy to reach fasinating El Nido. Tourism in our sleepy hollow will grow even more rapidly.

Between year 2000-2006, I created and opened a very popular, 2 story Beachfront Pension-house/Restrauant/Bar called the ‘Alternative Inn’. (see the pics here) It’s a rare ‘ONE-OF-A KIND’ building (of approx. 750 sq mtr floor area) that offers either a unique retirment home by the sea, or a fun business that could pay for itself within a few years.  Well run just on it’s own it could provide a lucrative and easy return. Add to this, additionals like boat, van hire, kayaks, windsurfers etc. it can be much more.

In Oct 2008, preferring to focus on my island retreat, I LEASED my ‘Alternative Inn’.’ to a THEN, good friend. This lease was on the understanding that my building was for sale and should a buyer came along, she would leave.

Earning more than she ever dreamed possible, my friend offered to sell some of her island properties to buy my building, however this never transpirred.  In early 2011,  with yet another interested buyer, I requested my building back. Unfortunatley this ungrateful woman dug her heals in, refusing to vacate peacefully. My then planned buyer dropped out, so I began the legal proceedings of “Ejectment” to recover my property for the next future buyer.

During Oct 2012, assuming this MTC Ejectment/Unlawful Detainer case was nearing an end, a young Kiwi and Canadian (both English teachers working in Korea) made a small deposit to hold their potential sale of my ‘Alternative’.  Excited to be taking over the business, when their teaching contract ended some months later, they were saddened that more delays hit the fan. This upset their dream to start earning their own lucrative income, allowing them to pay only a small deposit with a balance over a 4 year term.

It’s now May 2013 and the long MTC trial is almost over. Very soon the court will grant a decission in my favor as this case is just ‘Summery Procedure’ and I hold all the rights’. Filing a Writ of Execution follows, then implimention probably with a 30 period to vacate served by the Sherriff and the police and HORRAY!! finished. However this power hungry, greedy, ex-friend, raking in huge profits by occupying and running my ‘Alterantive’ (who’s KARMA will surely come) threatens to delay my take-over date by filing an ‘APPEAL’ with a SUPERSEDED BOND to the higher court.

Reversing her delay stratagy, (assuming she Perfects an ‘APPEAL’ and a ‘BOND’) can be simply disolved by the filing of an accepted COUNTER-BOND, offering a new buyer an almost ‘TurnKey takeover. I say ‘ALMOST’ as I am assuming there will be neglected maintainance work to be done first. I do have other properties so one could sell in time to do this. The 2nd solution is for a new interested buyer desiring an earlier start, would pay me a substantial DOWN deposit on it. 3rd and last choice would be I just wait it out some months more, as for me it’s only time and my property investment increases.

So I write this here as THIS is YOUR chance -

 If you have a desire to live in EL Nido and run a popular beachfront pension-house/bar/restaurant then become the “READY WAITING NEW OWNER”, willing to contribute financially to making these next steps happen earlier than later, so you can walk into this very lucrative El Nido beachfront purchase 4-5 months from now. I envite you to come and see my building and I can email you copies of  all my Legal Documents.

…

As mentioned above, NOW is a great opportunity to invest in El Nido Land. Buying my ‘Alternative Inn’ commercial building with TITLE offers not only sound investment, it also offers a fantastic lifestyle to the right person/couple seeking a fun lifestyle.

Currently it is a very popular well run commercial pension house/bar/restaurant between Serena Street and the El Nido Seafront in the very ‘heart of the tourist part of El town’.

This pension-house offers great visibility if arriving by boat and regular tourist traffic on its quaint narrow street-side can’t possibly miss this unique unforgettable building, so different from all other properties in El Nido.

This sale comes complete with all fixtures and furniture and except for a long-overdue maintenaince job and touch up repairs, this property is ready for either commercial or residential purposes or a combination of both.

It also include:

*10 bedrooms most with attached bathrooms.

*Restaurant style kitchen, island chopping blocks, walk-in pantry.

*Several dining – living areas (inside and out) with much natural sculptured hardwood furnishings.

Its most appealing assets are the 4 amazingly beautiful sunken oval “birds-nests” and a bridge right on the sea, comfortably fitting 6 -10 people each, for drinks and meals.

Great for dining or just hanging out over the water enjoying the view with a glass of wine.

In earlier times El Nido used to be a small fishing village town of approx 6,000 people.

Due to unforgettable islands and great adventure trips, including many dive sites, this town (over the past 5 years in particular), has grown rapidly into a very busy back-packer and middle class tourist town destination.

Now El Nido is a great base to explore all these unforgettable adventures and the infrastructure is slowly improving also.

Palawan is said to be the last frontier of the Philippines and has many of the countries scenic natural wonders.

Access:

To El Nido from Manila:
By Plane from Manila
Daily ITI planes

To El Nido from Puerto Princesa:
Buses and vans (5-6 hours by road)
Roro Buses plying ever other hour, with 5 buses being Air Con

This is a great opportunity for a foreign investor needing support to own property in the Philippines.

It has both upstairs and down, including seafront balcony, patio and upstairs bridges, birds nests and terrace cover approximately 750 sq meters.

Price:US$375,000
Approx. peso equivalent P14,990,000
Minimum 40% Deposit with 3 years Vender’s Terms possible

If CASH sale just US$319,000
Approx. peso equivalent P12,990,000

I am a British born Australian/Filipina and have already helped set up a corporation for the current potential buyers, so if the current deal is to fail, I’m again willing to help with corporate papers and to support/train a new foreign owner if necessary.

If more FAQ on this property intersts you, I have loaded up some Questions and Answers of other interested buyers to save you asking them of me again. You can read here.

* For more info and pic please email me, Leeann Cruz via <privateisland4@gmail.com> or call me on +63 918 909 5573

View the Summery of other El Nido Properties on this Website here