coron 2 Storey House with 10 rooms - ideal for lodging house

This property is a 4-year-old well-maintained house with 10 rooms in Coron Proper, Palawan
It is located near Landbank, walking distance to other banks , Coron market, restaurants and more.
Lot area is 218 sqm and floor area is 192 sqm
It is a 2-storey with provision to add 3rd floor
The property comes with business permit as a lodging house
The house has common living area and kitchen and with 4 toilet and baths
With water and electricity connection
Currently, use for long term rent at P2, 000/month/room (Fully tenanted)
Status: Tax Declaration
Ideal for short term or transient stay for maximum profit
Minor upgrade (repainting, adding ceramic tiles, etc)  is optional.
Nevertheless the property is basic, presentable and operational.
Sale comes with basic furniture like the bed frames, mattresses, monoblock chairs etc (as is where is)
We have a calculation of potential income for short term rent (ROI in 5 years or less)

Selling Price: P5, 500,000.00 (net to the seller)
Buyer will shoulder all expenses for transfer
Reason For Selling: Owners are elderly and can't manage the business anymore

Contact us at least one (1) day in advance to schedule viewing.