CONDOMINIUM HOTEL INVESTMENT

MELBOURNE RESIDENCES can be purchased as a residential condo or resort homes to buyers or as investment real estate or Buy to Let Rental Income Properties. In normal circumstances the unit owner pays maintenance and upkeep of the unit for the entire year without deriving any benefit. However, in a Condominium Hotel, during the time they do not occupy their units, they have the option to rent out their Condo through the hotel management and receive rental income on their property making ownership of a condotel unit an income generating property and self-liquidating investment with hassle-free property management as the hotel can rent out their unit with all services provided by day, week, or month.

 

What are the benefits to owning a Condotel Unit rather than other real estate investments?

Rent Revenue: Condotel units will produce rental revenues. That revenue can partially or completely offset the costs of owning and maintaining the Resort Home and give a Real estate investor good rates on return on his investments from a low 8% to a high 16% ROI per annum depending upon the purchase price and terms of payment for the Condo Hotel Unit.

Appreciation Potential: The best selling point of Condotels as investment property is the rate at which they appreciate. Especially when purchasing at the pre-construction stage of the project. The rate of appreciation throughout the Philippines is generally negative in rural areas. However, cities such as Metro Manila and Cebu see steady annual property appreciation rates depending upon locations between 7% to 12%.

The Philippines registered a net 6.5% real estate appreciation during 2009, the highest in South East Asia and preconstruction appreciation rates are much higher in 20% per annum range. Most Condotels are located specifically in areas that have seen and continue to see high appreciation rates such as Metro Manila and Mactan, Cebu.

Furthermore, it is the Condotel Properties that are seeing higher appreciation rates than traditional single family homes and condos.

The Company Verizon Properties, Inc. is a privately held, full service real estate marketing company headed by its President, Mr.Emilio L.Perez, Jr.(EPJ). The facilities include a 603 square meters corporate headquarters in Makati City designed to guarantee clients with a top service, trust, accessibility and results from everyone in the organization.
ASSETS
 
Same organization who sold Monteluce in 2 years bringing in gross revenues amounting to P1.6 billion.
 

 
Headed by its President, Mr. Emilio L. Perez Jr., who sold:

• South of Market in the Bonifacio Global City
• Essensa in the Bonifacio Global City
• West of Ayala in Makati City
• Bel-Air Soho in Makati City
• Soho Central in Mandaluyong City
• UN Gardens in Manila,
• Grand Soho Makati in Makati City
• 50% of Gramercy Residences in Makati City
• Canyon Ranch in City Other projects

What living in the city is all about…
A premiere development offering cosmopolitan living in Makati’s suburbs

This flagship residential enclave offers:

 
The prestige of a Makati address
The convenience of city life

The warmth and comfort of home

 

Conveniently situated along Gil Puyat Avenue, it allows you easy access to either the Makati Central Business District, Bonifacio Global City, the university belt in downtown Manila, and Mall of Asia which is known as the world’s 3rd largest shopping center.  
Getting around the city is a breeze.Public transportation is readily available,and you have a choice of either the LRT I along Taft Avenue, or MRT II along EDSA to whisk you away to your destination anywhere in the metro.
The Makati Central Business District. The country’s financial and commercial hub..The MRT Line 2. Stretches  kilometers along EDSA, from Pasay City to City. The MRT Line 1 along Taft Avenue takes you into the heart of the university belt and the City of Manila
 


 
Building Perspective The Melbourne Residences towers at a high point in a prominent urban district,allow ingresidents easy access to everything that the city has to offer.
 
Rising 9-storeys along Gil Puyat Avenue,it boasts of a modern architectural design that is both timeless and distinctly stylish.  It combines prestige and practicality,creating a truly unique enclave like no other.
 

 
Finally, the relaxing feel of suburban living is now in the city. A perfect refuge forrest and convenience,high above the hustle and bustle of city life.
 
Embraced by the city’s major business, education and recreation centers, a prestigious and vibrant residential address that offers the kind of city living coveted by today’s upwardly mobile urban set.
 
The Melbourne Residences..
 
What living in the city is all about.. [email protected]