Barangay Cugman beach lot, Cagayan de oro City, Misamis Oriental, Philippines
13,230 square meters or 1.3 hectares
Php 3,500 per square meter or Php 46 MILLION (Philippine Currency)
CA-Cugman:The location of the property is about 130 meters from the main national highway of cugman. The area is suitable for a hotel and convention site development.
It has a beach frontage of around 197.38 meters quite sufficient frontage for a beach resort development. It is right adjacent to KIMWA warehousing company and coco-bay hotel resort and restaurant. It is also suitable for a light industrial and warehousing business. The beachfront is suitable for a mini- warf/pier to be used for easier transport of supplies and inventory. Light is supplied by CEPALCO (Cagayan de oro power and light company) and water is supplied by COWD (Cagayan de oro water district.)
The location is only 15 minutes ride from Lim Ket Kai center Mall and Gaisano City Mall. Very near Beach resorts and restaurants like Coco-bay, Chali beach, Horizon and Eco village Malasag Park and Alwana- Marco Hotel.
Presently the property is occupied by squatters with 146 households to date. A
writ of demolition
has recently been approved to initiate squatter ejectment.
The present fair market value in the area is P3,500 per square meter. The owner is selling it lower than the fair market value to provide incentive to prospect investors since the property is presently occupied and squatted.
PAYMENT SCHEMES Reservation Fee: P100,000 PESOS
Downpayment: P2 MILLION PESOS
Balance: P31 MILLION PESOS Payable in spot cash as soon as the area is secured and is free from all presence of squatters.
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