Property Description
This Building in Basak, Mandaue City, Cebu, Philippines is for sale at ₱20,000,000. It features 400 sqm of floor area.
An Income Generating 4- Storey Commercial Building located in Basak Mandaue City Ground Floor has an Office/Stockroom, kitchen, and small room but rented, and an Internet Cafe that is fully equipped, with functional 18 computers operated by the owner and earning P22K a week and P960K a year 2nd & 3rd Floors have 4 fully furnished Studio units for Rent at P10K per month with a potential income of P80,000 monthly and P960,000 yearly 4th Floor is a 90 sqm, Fully-Furnished 2-Bedroom Apartment for rent at P20K per month with a potential income of P240,000 yearly. Note All rooms are fully furnished with Big Bds, Air-Conditioning, CR, Fan, Refrigerator and TV plus The fourth floor is fully furnished with a Large Living Area and a good-sized kitchen. TV, Big bedrooms with wardrobes, and a two-way bathroom. The current occupancy rate is around 89%. potential income of P188,000 monthly and P 2,256,000.00 yearly. The property has a clear title and is not encumbered in any way
Building Prices in Cebu
Avg sale price by size and furnishing · 31 for sale listings
This building is 33% below the average per sqm for a building for sale in Cebu (₱50,000/sqm vs ₱74,411/sqm, 31 listings).
The average building of 200–499 sqm for sale in Cebu is ₱22.4M (₱73,658/sqm), from 11 listings.
Avg sale price of building listings in Cebu, by lot area
| Lot area | Avg sale price · all |
|---|---|
| Under 100 sqm | avg₱9.8Mavg ₱75,140/sqm4 listings |
| 100–299 sqm | This listingavg₱29.5Mavg ₱80,651/sqm16 listings |
| 300–999 sqm | avg₱47.6Mavg ₱62,380/sqm8 listings |
| 1,000–4,999 sqm | avg₱60.3Mavg ₱68,230/sqm3 listings |
| All building | avg₱34.6Mavg ₱74,411/sqm31 listings |
Average asking prices of public listings on Filipino Homes · ₱/sqm on floor area (lot area for land) · not an appraisal
