BNT-BIO-0005

 

Property Type: House and Lot

Lease/Sale: For Sale

Lot Area: 210 sqm
Total Floor Area: 427 sqm

Number of Floors: 5 floors

- Garage: Garage with a mezzanine floor below it

- First Floor: 39 sqm, Bachelor’s Pad 1 bedroom, one toilet & bath

- Second Floor: 94 sqm, 2 bedroom apartment, two toilet & bath

- Third Floor: 98 sqm, 2 bedroom apartment, one toilet & bath

- Fourth Floor: 98 sqm, 1 huge bedroom, one toilet & bath 

- Fifth Floor: 98 sqm, 2 bedrooms, one toilet & bath

Net Selling Price: P35,000,000 (P35 Million) NET

Expense Sharing between the Buyer and Seller

- Buyer will shoulder all taxes and fees (CWT/CGT, Documentary Stamp Tax, IT Fee, Transfer Tax, Registration Fee, VAT, and Other incidental fees)

Summary Description of the Property

This property is very near to Session Rd., Burnham Park, Baguio Cathedral, Baguio Central Public Market and SM Baguio. Situated as well on a barangay with a mix of commercial and residential areas. The subdivision where the property is located has fully concrete roads. The area has concrete gutters and established underground. 

It is also a 5-min. drive to University of Baguio, Saint Louis University, and Saint Louis Hospital. It is about 750 meters from Ben Palispis (formerly Marcos HW).

The 4th and 5th floor of the house caters AirBnb and short-term rental guests. Owners are Super Host in AirBnb and have excellent reviews.

The house has two road accesses - the front road which is approximately 70 meters to the main entrance of the subdivision and the backroad which is around 200 meters to the subdivision's entrance.

First to third floor has separate electric and water meters each floor. The 4th and 5th floors have a combined electric and water meters. Electricity is supplied by BENECO while water is available thru Baguio Water District. PLDT, Globe, and Smart are available. Sky Cable, Cignal, Dream Cable and Via Com are available too.

Garbage collection is done by the LGU. Available ways of transportation in the vicinity are Grab Taxis, taxis, and jeepneys.

The highest and best use for this property would be to continue the AirBnb business and offer it still for short to mid-term rentals. The next owner may do a house-hack where some floors are for transient guests and the remaining will be your own home.

 

Building Specifications

Framings: Reinforced concrete

Roofing: Pre-painted long span corrugated GI sheet

Walls: CHB Cemented plastered (painted), wood panel painted

Partitions: CHB Cemented/double wall plywood plastered and painted

Ceiling: Plywood (painted)

Doors: Panel, flush type, and sliding aluminum and glass

Windows: Steel casement and sliding aluminum and glass

Flooring: Ceramic tiles, marble, and wooden flooring, and wood parquet

Condition: Well maintained

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We pray and hope to have an honest transaction and a better business relationship with you! God bless.