22/02/2020
UMA Residences - The first Luxury Condotel in Naga!
Do you want to own a hotel in Magsaysay? Well, now you can!
Rising in one of the most prestigious address in Naga, UMA will be the first ever Condominium-Hotel which will offer
more than 340 units , divided into condotels and condo residences.
The first 7 floors will be run as a hotel, while the 8th floor to 18th floor will be offered as condominium residences.
The developer is offering 1Bedroom and 2 Bedroom units, both for its condole and condo residences. Prices range from P5.7M for a 1 bedroom, up to P9 million for a 2 bedroom suite.
Developed by Queenstown Realty and Development, UMA Residences promises 5-star amenities which can compete with the best hotels in Naga City. It’s condotel investor package offers a 30% profit share from its gross income and promises an 11-year ROI with a hassle free full property management.
A first in Naga, The condotel concept offers the benefit of having your own “5-star hotel room” with free 45 nights per year, while the rest of the year will be rented out to guests. It aims to attract former Naguenos who have their primary residence elsewhere, as well as enterprising OFW’s and local businessmen who wants dibs at the lucrative hotel business, but does not want the hassle of managing it.
With going rates at P163,000/sqm, UMA residences indeed is not for everybody. It will target a select few who has the financial capacity and the taste for luxury.
.If you’re one of the select few, then hurry and call your broker because the developer is offering a 10% discount from its total contract price if you’re one of their 50 first reservations.
If interested to know more, Kindly PM us your contact number or email so we can give you details.