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Oceans Edge Resort,
Isla de Carabao, Philippines |
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Isla de Carabao,
Philippines
Oceans Edge is a boutique resort located in the west of Isla de Carabao
so there are great sunsets to enjoy while relaxing at the bar or taking
your evening meal in the restaurant overlooking the pool. Isla de
Carabao is the sister island to Boracay, the world renowned resort
destination in the Philippines (awarded world’s best island destination
by Travel + Leisure), which is just 15 minutes away. Sky City Casino &
Resort is also located on the island just 10 minutes away.
Phase 1 of Oceans Edge Resort consists of 20 fully furnished Studio
Villa units of 40 M2 per unit and 8 2 Bed Villa units of 80 M2 with the
following amenities;
Club House with reception, restaurant, lounge and bar
overlooking the pool.
Horizon pool with wood deck.
Private beach cove with beach bar and jetty.
Spa and water sport activities including dive shop.
Resort owned Speed boat to ferry owner and guests to/from
Caticlan and Boracay. |
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Studio
Villa $89,700 |
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2Bed Villa
$224,300 |
Isla de Carabao now is what
Boracay was in the 80’s, quiet and peaceful, with the same laid back
atmosphere. There are long and lonely beaches, some only accessible by
the sea for snorkelling or barbecue, crystal-clear water, untouched
nature and pristine dive sites.
You make your own night life, but that is what it’s all about. It just
wouldn't be that peaceful if it had all the festivity you find in
neighbouring Boracay. You may meet other travellers to have a drink at
the bar or just relax and enjoy real peace and quiet. Alternatively the
Sky City Casino complex is just 10 minutes from Oceans Edge or you can
spend the day, or night, in Boracay to enjoy the festivities and
nightlife. |
Summary
Oceans Edge Resort provides a unique investment opportunity to own a
Villa unit on Isla de Carabao. Earn income from the unit when not in use
with the option to exit after 5 years with a 25% premium on the purchase
price. Villa owners have the option to receive a guaranteed annual
return of 7.5% per annum or 7.5% to 15% based on 60% of the net rental
income. The potential return on capital for early investors in Isla de
Carabao is substantial when you compare property values in Boracay now
with the value in the 80’s.
Rental Returns and Rent Back Agreement
The rent back agreement is a prerequisite of the lease agreement and
runs for 5 years, renewable at the end of each 5 year period. Oceans
Edge will use the services of a “General Sales Agent” for China. Orient
Pacific International Travel & Tours has signed a contract with Oceans
Edge to guaranteed room reservations at preferential rates (the rooms
are paid for irrespective of occupancy).
A significant provision within the rental agreement will be the fund
allocated each year for ‘Repair and Maintenance” to be held in escrow to
meet the cost of wear & tear and replacement of fixtures and fittings of
the owners unit, the unit owner would not be called on to meet the costs
of repair or maintenance of their unit. |
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CLUBHOUSE |
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Potential Return on
Capital
The potential return on capital for early adopters in Isla de Carabao is
substantial when comparing the proximity and the property values in
Boracay now with the value in the 80’s.
Boracay is reaching saturation point as far as development is concerned,
this is especially true for beach front properties. Beach front land
prices on Isla de Carabao are currently Peso 5,000 M2 (US$111 / £70)
compared to Boracay at Peso 150,000 M2 + (US$ 3,300 / £2,120)
The only logical expansion from the saturation of Boracay is Carabao.
The Sky City Casino complex, Puka Villa’s and other developments have
already located in Isla de Carabao. These new developments will attract
others and land prices will increase expedientially.
Accessibility
Isla de Carabao and Boracay are accessible from Caticlan and Kalibo
International Airport; there are connecting flights to Manila and Cebu
from all major international hubs. Caticlan will be upgraded to
international airport status in 2015. The resorts own boats ferry owners
and guests to the resort.
Oceans Edge Residences
Oceans Edge Residences provide luxury residential fully furnished units
from 80 m2 2 bedroom villas to 350 m2 5 bedroom cliff villas, prices
range from £224,300*.
The residences will have access to all the facilities of the resort. For
early reservations there is the advantage of a prime location
overlooking the private cove, off plan discount and the option to have
the layout to individual specification. With the Sky City Casino near
the development there is also the option to rent back the residential
units when not in personal use under agreement to casino guests. |
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SITE DEVELOPMENT |
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