The Reef Mactan Cebu – Luxury Condotel , Cebu
THE REEF MACTAN CEBU HOTEL & RESIDENCES
THE REEF CONDOTEL PROMO: Reduced Total Contract Price of P5M (from P5,440,893)!!!
14 days free stay a year, transferable but not convertible to cash
In excess of 14 days, the best daily/promo rate will apply
Profit distribution is quarterly; deposited to respective accounts
6%-7% conservative ROI estimate
Expat manager has already been hired, onboard since March 2019
ABACA will operate the Sky Bar on the 25th floor, two restaurants on the 3rd floor (main dining and baking/coffee shop), and the bar kiosk near the boardwalk.
Proximity – 15 minutes from the Mactan-Cebu International Airport
Mactan area is self-sufficient with nearby Savemore grocery, Watson pharmacy, 7Eleven convenience stores, food outlets in the neighboring area.
Mactan, Lapulapu City has a number of other malls like Island Mall, Gaisano Mactan & Marina Mall.
Management and maintenance are handled by experienced personalities in the hospitality business.
BEACHFRONT LUXURY CONDOTEL IN CEBU
The Reef Mactan Cebu Hotel and Residences is envisioned to be a lifestyle home, something never done before in Cebu. It is a 22-storey beachfront luxury condo, which offers first-class amenities, total luxury lifestyle living.
All units in The Reef Mactan Cebu Hotel and Residences have glass walls, glass railings, and glass sliding doors facing the sea (east). Ample balconies are provided to every unit to extend the living space outdoors. A full range of aqua sports facilities (jet ski, speed boats, wakeboarding, kayak, hobby cat sail, water playgrounds, etc.) is offered as basic features.
An award-winning restaurant/ café will be operating in the lobby. Abaca group is renowned to be one of the best restaurants in the country and even in Asia. They will operate a boutique hotel with function rooms, a gym, spa, and sky lounge bar. The pool will be a huge infinity type overlooking the sea. Homeowners have the option of buying their own watercraft and they can buy a parking slot downstairs. There will be a lounge area on the boardwalk that directly connects to the beachfront/sea.
A Landmark Collaboration
Of worthy mention is The Reef Mactan’s phenomenal design team, comprised of the Philippines’ most renowned architects and designers: the partnership of Budji Layug + Royal Pineda, hailed as the country’s preeminent architectural and interior design firm, with the input of world-famous designer Kenneth Cobonpue, whose unmistakable touch can be seen in many details of the project.
In a breathtaking and unprecedented collaboration, these three design titans have created a landmark structure that is an expression of their technical and artistic talents. Because of this rare synergism, The Reef is a historic masterpiece that is a prestigious testament to its owners’ excellent level of taste.
An Elite Partnership
On its first few floors, The Reef Mactan is a luxury boutique hotel run by the award-winning Abaca Group. Abaca’s superb track record is proven by its international accolades, being excellently reviewed by many famous magazines and awarded high ratings by the world’s most prestigious travel authorities.
On top of these, we are using Belgian glass company Reynaers Aluminum for all our windows. They are one of the biggest and best aluminum glass suppliers to many landmark buildings all over the world. We are their only client in the Philippines. We are using high-end Mitsubishi elevators for all our lifts, and Baudouin brand generators for smooth 24/7 quiet, and efficient power operations. This brand is very famous for being used in most of the superyachts of the world. And the list goes on and on. We have spared no expense to make this a project that we will all be proud of.
PROJECTED RETURN ON INVESTMENT:
- Monthly Share at 55% Occupancy – P20,010.38
- Monthly Share at 60% Occupancy – P21,829.50
- Monthly Share at 65% Occupancy – P23,648.63
- Monthly Share at 70% Occupancy – P25,467.75
- Monthly Share at 75% Occupancy – P27,286.88
Sample Computations (updated on Feb. 5, 2021)
STUDIO W/ BALCONY (40 SQM):
TOTAL CONTRACT PRICE: P5,000,000.00 (unit 503)
MISCELLANEOUS FEES: P225,000.00
RESERVATION FEE: P50,000.00
30% EQUITY in 18 months to pay w/ 0% interest: P80,556.56.00/MONTH
70% BALANCE THRU CASH OR BANK FINANCING (P3,500,000.00)
15 yrs – P29,535.00/month
10 yrs – P38,857.20/month
5 yrs – P67,664.86/month
- 30% Equity payable in 18 months, 70% balance thru spot cash or bank financing
- Spot 30% downpayment with 5% discount of the DP and 70% balance thru bank financing
- Spot Cash with 8% discount on the Total Contract Price
FEATURES & AMENITIES:
- Beachfront boardwalk with an outdoor cafe
- Wide 250-meter seafront
- Ample parking spaces for all units
- 24-Hour Security
- All units with wide, spacious balconies facing the sea
- 24-Hour Standby Full Generator
- Interior gardens, open facades, reflecting pools in the lobby
- Large 274 square meter infinity pool facing the sea
- Water sports facilities: Jetskis, speedboat, kayak, water park, hobie cat sail, banana boat, wakeboards
- Mini movie theater
- Parking slots for jetski and speedboat owners
- Units include built-in split type aircon
- All units with full kitchen cabinets, wardrobe cabinets, cooktop, and hood
- Glass walls facing the sea with glass balcony railings
- Ramp for launching jetskis and speedboats
- High-speed elevators
ABACA REEF HOTEL:
- Abaca Boutique Hotel
- Abaca Restaurant + Cafe
- Function hall for parties
- Outdoor poolside cafe’s
For assistance and full details, please contact us at:
COCOY M. TOLEDO
Licensed Real Estate Broker
PRC License No. 20332, valid until Nov. 9, 2021
DHSUD CR NO. R7-B-03/20-0833, valid until Dec. 31, 2021
PTR No. 3572531, valid until Dec. 31, 2021
Licensed Real Estate Broker
PRC License No. 20331, valid until Dec. 31, 2021
DHSUD CR NO. R7-B-03/20-0835, valid until Dec. 31, 2021
PTR No. 3572532, valid until Dec. 31, 2021
!! WARNING: Avoid fly-by-night agents, DEAL only with competent licensed real estate brokers to protect your hard-earned money!
Property City : lapu lapu city