A beautiful lot of about 2700 sq mtr on an island off of Mactan and in full view of Hilton and Shangri-La Resort;
the island is called Olango Island. Rumors are that both Hilton and Shangri-la are looking at Olango as future sites for a yacht club.
Olango is a blend of spectacular beauty and ancient simplicity. Today it is a magnet to Korean visitors on a daily bases.
The property is in a great location for future development. One of the ideas that seem to have a great deal of potential is to apply for a foreshore lease, there is 320 feet frontage on the water, build a floating restaurant. Boats coming from Cebu will encounter this floating restaurant before getting to the other 5 floating restaurants around the other side of the island. Building upscale nipa huts on shore and creating a rustic but comfortable native type of resort will compliment the floating restaurant.
Divers will love the reef and abundant
marine life just 50 meters from shore.
Owner is willing to do joint venture or owner finance, very flexible deal and the asking price is only P3500 per sq mtr.
This is a great deal on one of the last remaining waterfront properties in Cebu. contact Bruce (American Agent) at; houseandlot2007@yahoo.com.ph
