Listing ID # 16502
Location: Sambag , Cebu City.
Neighboring Establishments:
* Phinma /Southwestern University, Elizabeth Mall, City Mall
* 40 meters away from the gate of PHINMA-SWU school
* 150 meters away from Aznar Coliseum
* 650 meters away from Osmena
Boulevard
*900 meters away from N. Bacalso Avenue
Road Frontage: 42.93 meters
The property holds a two- way well-paved barangay road
Lot terrain: all.flat
Lot shape: seemingly square with a curve because of.the road
Property Type: dormitory, residential apartments and commercial restaurants
Lot Classification: commercial-residential
*gated and fenced
* titled property
Existing income- generating structures:
A. 4-storey concrete apartment with 16 bedrooms ( 2nd floor, 3rd floor and 4th floor)and one small eatery at the ground floor. It has 5- car garage area.
Floor area of the building: 1,080 sq.m.
B..2-storey concrete apartment with 12 condo type en-suite units. Floor area: 232 sq.m.
C. One-storey commercial building with a floor area of 60 sq.m. This is tenanted= more on foods snacks bar and/cafeteria
All units of the three.buildings are occupied or tenanted
Collection system of the tenants’ rental is all digitalized / cashless payment system
Maintenance staff is just by retainer agreement or on-call if needed. This is of less overhead cost .
Gross Monthly Income: Php 321,500
Selling Price: P55M
Sale transaction details:
Buyer’s account: transfer expense, documentary stamp tax
Seller’s account: capital gains tax, broker’s fee, notarial fee and updated real property tax and estate tax
