Overseas property investment specialists DSR added a new development on the Philippines island of Boracay Fri June 27 2008. The leading overseas agent decided on the move because of the islands massively rising tourism and rapidly growing popularity with international investors.
Boracay is without doubt one of the most promising property investment localities in the world. The gorgeous tropical island has something for everyone, and everyone who goes can't wait to get back. Station 1 is the haven of the fortunate in search of a peaceful, quiet and ultimately relaxing holiday. Station 1 is predominantly isolated and private individual accommodations, at premium prices. Station 2 is within easy range of the islands bars and nightspots. And Station 3 is home to the cheapest accommodations on the island.
DSR's Boracay property is The Crown Regency Resort, located in station 2 and offering studio - 1 bedroom apartments, with prices starting from just £51,000. The properties can be leased back to the Crown Regency Resort as part of an income share agreement, for an expected 9% net rental yield based on a conservative estimate of 60% occupancy, and so is actually likely to be higher. The leaseback program gives owners 45 days of free usage; the expected yield is based on 60% occupancy of the remaining 320 days. The free-usage can be relinquished in return for an increased starting yield of 12%.
50% of your gross annual income share is taken by the hotel to cover maintenance, association dues, and to allow for any bonuses and incentives offered by the hotel in the course of the year. 50% may seem like a lot, but no one will achieve the kind of occupancy levels that the hotel will, and for the high charge owners get the benefit of a high yield; because the hotel is likely to get at least 60% occupancy, which then gives the aforementioned 12% net yield.
Find out more about Philippines property.
About David Stanley Redfern
David Stanley Redfern is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed at: media@davidstanleyredfern.com
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