Property Type: Lot with Improvements
Lot Area: 1,456 sqm
Frontage: 25.5 meters
Rent/Sale: For Rent or Sale
Additional Property Information
- Along the main road
- High foot and vehicular traffic
- Near schools and condominiums
- Accessible through Rosario and C-5- Classification in its Tax Declaration is Residential, No VAT
- Property's classification is R3. Basic R3 is 3 storeys, maximum up to 12 storeys high building. Ground floor can be for commercial use. Business' can build 3 storeys since the lot is bigger (1500 sqm, actual size).
Highest and Best Use
Residential Building/Condo
- The area is also known to residential units and spaces for people working in Pasig and Ortigas. It is also near the public transportation. A building that will have units to lease as residential is a good business to have for this lot.
Commercial Building/Establishment
- A business or company can lease or buy this commercial lot and construct their own establishment. It is ideal for a supermarket or convenience store, as there's no other existing competition within the area. Food businesses are also ideal as it is being surrounded by residential establishments and nearby schools.
IF LEASE
Monthly Rental: P400/sqm (VAT excluded)
Payment Terms: 3 months deposit + 3 months advance + PDCs
Lease Term: Minimum of 5 years, 10% escalation on year 2
IF SALE
Net Selling Price: P150,000/sqm
Payment of Taxes and Incidental Fees Sharing Between the Buyer and Seller
- CWT/CGT, Documentary Stamp Tax, Transfer Tax, Registration Fee, IT Fee are for the account of the Buyer
Disclaimer
- The contents of this website do not form any part of an offer or contract, nor shall any contract be made based on the contents.
- We'll update this list from time to time.
- Almost all properties are our direct listings.
- Prices and availability are subject to change.
- We'll send the complete information upon inquiring.
- We personally checked the properties first before we advertise it.
- It’s our responsibility to assist you in your site visits most especially to the properties we proposed.
- Only the Accredited Real Estate Advisers are allowed to transact in behalf of our group.
For Inquiries: hi.rentcentralphrealty@gmail.com
We pray and hope to have an honest transaction and a better business relationship with you! God bless.
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