Resort for Sale in Santa Ana, Philippines

- The occupancy rate is 100% throughout the year due to ongoing lease.

- All guest rooms have hot water and air conditioning and there are a number of gray water soak-away drains and a number of septic tanks.

- The business is registered with the Cagayan Economic Zone Authority and enjoys many tax benefits.

The resort includes 25 guest rooms, three meeting/function/private dining rooms (two with air conditioning), a restaurant area, pool.

Resort infrastructure, beds, tables, chairs, ACs, TV, etc.

The resort includes 25 guest rooms, three meeting/function/private dining rooms (two with air conditioning), a restaurant area, an office, a 30kva generator, a 50m2 pool, a laundry area, and facilities equipment stores. In addition, the resort owns another 2,500m2 of beachfront immediately adjacent to and in front of the main resort with easy access to the water, which is included in the price.

This area comprises 2 boat sheds, a small resto/bar, 3 kubos, and a car parking area, and these are included in the price.

Currently, the whole unit is leased until next year, with an option for the lessee to extend another one year.

- Company has 2 directors with 40% and 80% shareholding, with 4 family members holding 20%

- Business has no debts or any loans.

As a CEZA locator the maximum amount of tax on profit is 5%. Additionally the business is totally exempt from all other taxes including VAT.