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Fabulous new Portofino resort offers fine Filipino investment opportunity
May 3, 2016Article by Charlotte Ashton
Picture the scene: calm waves lap gently against powdery sands. Coconut palms rustle softly in the light breeze. The sun beams down while tourists laze in perfect serenity.
This idyllic setting is the location of Property Frontiers’ latest investment opportunity: the Portofino Ocean’s Edge Resort. Set on the gorgeous Filipino island of Carabao, the resort is set to bring a new level of elegance and luxury to tourism in the area when it opens in 2016.
The five star beachfront Portofino Ocean’s Edge Resort is being brought to Carabao Island by the internationally renowned Plateno Group. Speaking of the need for high end hotel accommodation in the Philippines, in order that the government can meet its target of 6 million tourists in 2016, Plateno’s Kevin Wallace comments,
“There’s a big shortage of hotel rooms in this country and an even bigger shortage of branded rooms with a consistent quality.”
A boutique hotel with private amenities, the stunning villa resort includes ten cliff villas, 26 studio villas and six two-bedroom villas, along with its own private resort beach, private cove, cliff edge clubhouse, restaurant, bar, infinity pool, spa, wellness centre, beach bar, dive shop and private jetty. There’s even an on-site helipad for those guests looking to really arrive in style.
The ideal investment
Ray Withers, CEO of specialist property investment company Property Frontiers, comments,
“Portofino Ocean’s Edge Resort is the ideal investment for those looking to be a part of the Philippines’ resounding economic success story and the growth of its tourism sector. The opportunity offers all the advantages of a hotel investment and even includes 14 days’ personal usage per year, with no restrictions around when it can be used.”
Investment in Portofino Ocean’s Edge Resort starts from US$109,000 for a studio villa. Cliff villas are available for US$120,000 and two bedroom villas for US$272,000. 10% interest is paid during construction and investors benefit from 10% underwritten (minimum) NET return.
Portofino Ocean’s Edge Resort has a clear exit strategy, with optional developer buyback at 120%, offering 70% minimum return on investment across five years.
Completion of the resort is scheduled for September 2016, but as only 50% of the rooms have been released for private investment they are expected to be snapped up long before then. Those interested in investing are invited to contact Property Frontiers or call +44 1865 202 700 for more details of this exciting opportunity.