Property ID: SOL-577-DMS/MLS
For Sale Php 120,000,000 - Commercial
PENSION HOUSE
5-Storey Building along Juana Osmena St. Cebu City
๐Lot Area 510sqm
๐Building 6 floors
๐Floor Area 3,500sqm
๐Selling Price is 120M net
Building Features
๐Rooms 69 with own T&B
๐15 cars Basement Parking
๐6 Floors
๐6th floor is Laundry Area with stub out for bathroom meaning buyer can add additional 15 rooms ๐Dental Office Room around 40-69sqm ๐Functional elevator ๐Two deepwell and cestern tank and pump ๐Table Appraisal . Lot Area 510sqm x 120k per sqm = 61.2M .
Floor Area 3,500sqm x 40k per sqm = 140M . Other Hotel Machineries, Appliance, and Furnitures 10M .
Total 210M (Note. Depreciation not yet computed) ๐Or, Versus Buying a Baseline Office Condominium Bare Unit
Floor Area 3,500sqm x 150k per sqm selling price = 525M + Taxes .
No Parking Slot .
No Lot only Space For my Opinion 120M is within Fair Market Value ๐ค , Hope this Interest You and you willing to set down with the seller's to negotiate price, or you make and Offer To Buy. Grab this now, RARE OPPORTUNITY to own HOTEL ๐ just across promising Place with Robinsons Supermarket, Cittadines, Coffee shop, Church, School, Hospital are all with in walking distance. Years from now, the land value will skyrocket, after Be Residences, CLI projects, and Esperanza Tower completions.
๐Comparison .
Esperanza Lot sold for 120k per sqm before pandemic .
Most nearby lot selling now 100k to 150k per sqm .
BIR New Zonal is from 53,000 to 69,500 per sqm
NOTE : please deal only with License Real Estate Broker, Republic Act No. 9646
DISCLAIMER Availability and Price may change anytime.
Additional Details
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