LADIES DORMITORY FOR SALE

GOOD RENTAL BUSINESS LADIES DORMITORY

OPERATIONAL ALREADY NEAR VELEZ COLLEGE DORMITORY BUILDING

• Ramos Area Cebu City Near Velez Hospital & Medical College, St Paul College, Magsaysay School

• Lot Area 196 sqm Floor Area around 380 sqm

• Last Major Renovation yr2022

• 2 Storey Concrete Building made of marble floorings, Mactan rock wall.

• Dormitory Features 16 rentable rooms all with Air-conditioning Units

• 1 store unit

• 7 T&B Cooking area

• Dining area

• Study area

• Laundry area

• Balcony

• Security camera 24/7

• Wifi Internet

• Solar lamp

• 2 water sources (deep well & MCWD) with a 10cubic Water Tank

Selling Price 22,000,000 Net of Taxes / Negotiable

Present Income 127,000 Monthly (1,524,000 Yearly) can still be Increased

Return On Investment is 7.5% per year or more Higher than Bank Interest

INCREASE of VALUE & INCOME

• 2 more units are available for Rent around 15K additional income per month if rented

• Tenant Profile Medical Student of Velez College with yearly Rental Contract & Rental Escalation 5% - 10% per year

• Property BIR Zonal Value is about to Increase by Year End of 2022

OTHER INCOMES

• All Rooms Electric is Submeter

• Hot & Cold Purified Water is Coins Operated Vendo Machine

• Laundry is per Kilo Pick up & delivery every day