5-Storey Building for Sale along Juana Osmena St. Cebu City

Property ID: SOL-577-DMS/MLS

For Sale Php 120,000,000 - Commercial

510 Sq M 0 Bedrooms 0 Bathrooms 0 Garages Print

PENSION HOUSE

5-Storey Building along Juana Osmena St. Cebu City

📍Lot Area 510sqm

📍Building 6 floors

📍Floor Area 3,500sqm

📍Selling Price is 120M net

Building Features
📍Rooms 69 with own T&B
📍15 cars Basement Parking
📍6 Floors
📍6th floor is Laundry Area with stub out for bathroom meaning buyer can add additional 15 rooms 📍Dental Office Room around 40-69sqm 📍Functional elevator 📍Two deepwell and cestern tank and pump 📍Table 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) 📍Or, 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 🤝 , 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 💐 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.
📍Comparison .

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.