LADIES DORMITORY FOR SALE
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Property Updated Dec 14, 2022Views: 154

LADIES DORMITORY FOR SALE

Property posted by:
Kent Chino Weng
Last online Mar 27, 2023
Contact the Seller
Inquire about this property
Provide your complete contact details to receive information faster.
Property posted by:
Kent Chino Weng
Last online Mar 27, 2023
Contact the Seller
There are 10 buyers looking for Commercial & Industrial Properties For Sale in Cebu City, Cebu.
Property Details
Description

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

Inquire about this property
Provide your complete contact details to receive information faster.
Property posted by:
Kent Chino Weng
Last online Mar 27, 2023
Contact the Seller

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