PREMIUM BEACH FRONT PROPERTY MASBATE CITY, MASBATE

PRICE: 1,540,000.00 USD or Equivalent in Philippine Peso.

Location: This is a reclamation property authorized by the Philippine Reclamation Authority located on Espinosa Blvd. Ext.



Zoning: Tourism



Documentation: The rights for the property were issued in two parts. The first part is for the land portion of 6,765 sq. meters. Documents for this are complete, paid for, and currently sitting before the Philippine Senate for signature and issue of title. The second is for rights only and gives owner control over an additional 3,881 sq. meters of waterfront. If a decision were made to reclaim, then title could also be applied for this as well. Total equals 10,646 sq. meters. The ocean front of the property is 65 meters in length.

Structures: An architecturally designed guard shack has been constructed at the front of the property. It has an office, sleeping quarters and bathroom facilities. There is also a bodega with space of about 200 sq. meters. It would serve well for storage and construction offices. Retaining walls have been done with poured in concrete. Compound walls are complete, also done with poured in concrete. Soil testing has been done.
In addition, plans were developed for a resort and these plans are ready for permit application. If there is an interest in the part of the purchaser, he is more than welcome to inspect these. If parties are interested in looking at artistic renderings, please download the video from the following link: https://www.dropbox.com/s/pdzs311s765dm2o/Windjammer%20Animation.wmv?dl=0

Services: Electricity, water and septic have been brought in to service existing facilities.



Contact: Lourdes Fabon
Phone or Viber: 0917 955 3491
E-Mail: [email protected]