For Sale

FOR SALE: 10.7 HA TAGAYTAY PROPERTY

Ref. fred lina 1-25-06.

Update as of September 2007: 3.8 hectares along the main road available @ 6,000.00 pesos per square meter, other portions to enlarge the area are for negotiation.

10.7 hectares can be consolidated, suitable for an upscale, mixed commercial-residential development.

Location:

The property is situated along the Provincial Road (northern side of the ridge) near the Rotunda.

This central part of the city is a prime area, described as a quiet section with many residential houses and a few commercial shops. The landmarks in this section are religious mission houses such as the SVD, the Pink Sisters, the Franciscan retreat house, etc. Along the main road are the Estancia resort hotel and the Verbena restaurant.

This 10.7 hectare land is ready for site development, and, ready for transfer of ownership to a legitimate Buyer/Developer.

The 10.7 hectare land can be developed in such a way that certain structures may rise above to afford a nice view of the volcano and lake.

Description of the Property:

The property consists of several parcels of contiguous land which are individually owned. An additional 2 to 3 hectares of adjoining land may also be nego tiated for purchase in the future, if desired. The property has frontage of 80 meters more or less along the Provincial Road.

The terrain of the land is gently rolling and there is a nearby creek for drainage.

Selling Price:

The selling price of the entire property is PhP500 Million.

Best and highest potential use:

This land is suitable for a residential-commercial development because of its central location, being situated in between the fast-paced developments in both eastern and western sections of the City.

The location of this site also gives it a comparative advantage over other locations by virtue of its proximity to the two exit roads of the South Expressway, leading to Metro Manila.

The front portion is suitable for a hotel/retail/factory outlet mall/entertainment center and or a recreational place such as a sports club/gym/cinema/entertainment area. There is also a good potential for hotel time-share marketing with companies such as RCI or International Interval. Another aspect of real estate development that is also gaining interest in the country is medical tourism, in view of the comparatively lower, more advantageous costs of local cosmetic surgery, dental services, eye operations, and traveling costs to the Philippines.

For further information about the above property, email your queries to josebpilar@yahoo.com or info@metrorealty.ph

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