I had several conversation with my Tokayo about the land he wishes to sell for his brother, being very senior all ready. It is located in front of the municipal cemetery, 4,000 sm, has a frontage of 76 meters and extends all the way from the Mormons to the vulcanizing shop. At the back are montanoso, whcih can be excavated and used for filling materials for the Talanay property. At the back daw of the property is the Aglipay cemetery. There are no houses nearby, and no oppositors.
Proposed project:
Chapel memorial service, class a, pang laban sa Loyola and Heritage; cum crematorium, ash crypts and body crypts (a la De La Strada). Since were inot a memorial plan, this a complementary and good investment. The current problem is even St Peter runs out of chapel
Estimated Project Cost:
Land P10,000,000
Building (chapel) 1,000 sm 20,000,000
BC 500 x 7 3,500,000
Ash crypts x 3,500 x 1000 35,000,000
Crematorium 7 m 7,000,000
Commercial complex at 400 sm 8,000,000
Total project cost 63,000,000
1,000 sm parking
1,000 sm for chapel
2,000 sm for bc and ac
400 sm for commercial
Chapels with family room 9 in all
Rent
4 chapels x 50 = 200 sm 3,000
2 chapels x 80 160 sm 7,000
2 chapels x 100 200 sm 10,000
560 rentable 8 in all
1 main chapel 200 sm 25,000
With dirty kitchen, all with lanai and garden, and space for tent lona, sugalan
1,000 sm parking
1,000 sm for chapel
2,000 sm for bc and ac
400 sm for commercial
Chapels with family room 9 in all
Rent
4 chapels x 50 = 200 sm 3,000
2 chapels x 80 160 sm 7,000
2 chapels x 100 200 sm 10,000
560 rentable 8 in all
1 main chapel 200 sm 25,000
With dirty kitchen, all with lanai and garden, and space for tent lona, sugalan
It is to be done on a 5 year period ( 11 million per year)
Projected revenues:
BC - 30,000 15,000,000
AC 35,000 x 1000 35,000,000
Chapel say 5 m x 20 100,000,000
145,000,000/20
7,000,000/ pa
7/63 = 9% per annum
Initial investment is in the land:
4,600,000 x 2 = 9,200,000
P2,000,000 dp
Balance of 7,200,000 in 3 years = 2,400,000
Location of the land: Namay area
