Main Investment Points
- Freehold property
- Projected 8-12% rental yields
- Expected 12-15% capital growth
- 70% finance available
- Furniture packs available on request
Class: Off Plan
Type: Apartment
Bedrooms: Studio
Price:From: £33,000
Property Description
A genuine prime city location, in the thriving business district of Ortigas, home to famous SM Mall, the Shangri La Plaza and Hotel and the famous Wack Wack Golf Course - which The Lancaster Atrium actually overlooks - this is a first class real estate development in the best part of town.
The first tower, known as The Lancaster Suites, was completed in December 2007 on schedule and is already open for business operating as a high end condotel (serviced apartments with full hotel and concierge services). There is a high demand for this type of accommodation in the capital - from tourists, returning Filipinos, business travellers and workers on short term contracts.
Prior to the tower being operational, full marketing will have been underway for some time. Occupancy should start at over 75% and rental yields are expected to be between 8% - 12% per year.
Capital growth projections suggest around 12% - 15% per annum.
