Retails Space for Rent in Cebu IT Park, Salinas Drive, Cebu City

RETAILS SPACE FOR RENT‼️
Ideal for food business

📍Cebu IT Park, Salinas Drive, Cebu City
✍️Available Units and Locations:
Third Floor
Mountain View
✍️Leasable Area :
📌Floor Area
Total Area: 179.66sqm
✍️Turnover Condition :
Bare Shell
✍️Lease Rate (Basic Rent) :
📌Rental Rate
Price per sqm Covered: PHP 800
Parking (1:100sqm) : PHP 4,000
Total Monthly Rate: PHP 143,728
📌VAT Exclusive and Subject to 5% CWT+ CUSA
✍️Rental Rate
P800.00 per sqm, per month (VAT Ex)
✍️Escalation
5% escalation starting on the 2nd year onwards
✍️Lease Term
Five (5) years, standard minimum lease term

✍️CUSA
P150.00 per sqm, per month (Office Unit)
P80.00 per sqm, per month (Parking Slot)
Parking Slot P4,000.00 per slot per month (VAT Ex) 1:100 sqm allocation
✍️SecurityDeposit
Three (3) Months’ Rent, equivalent of the last year
of the lease term.

✍️Advance Rent
Three (3) Months’ Rent, equivalent and applied on
the first three months of the first year of the lease
term.

✍️Construction Bond
One (1) Months’ Rent Equivalent
*Refundable upon completion of fit-out
Vetting Fee PhP100.00 psqm of GLA (VAT Ex).
Construction plans and designs must be submitted
to the LESSOR for evaluation and approval prior
handover. VAT shall be the for the account of the
Lessee.
✍️Utilities Water, Electricity and LPG consumption shall be for the account of the LESSEE and shall be sub-metered separately.

✍️HandoverCondition
“As-is, Where-is” Bare Condition. The leased
premises shall be handed over a Bare Shell
Condition.

✍️Fit-Out Period /Construction Period
Two (2) months, commencing upon handover
date. Fit-out period shall be free of rent except for
the CUSA dues, utilities and other fees
attributable to the fit-out works of the unit.

✍️Validity and Reservation Deposit
Take note‼️
Upon signing/confirmation of the lease term
sheet, LESSEE shall pay a Reservation Deposit
equivalent to one (1) month’s rental. The
reservation Deposit shall subsequently form part
of the Security Deposit.
Upon payment of RD, the unit shall be officially
reserved for the LESSEE until the execution of
Contract of Lease. Should the LESSEE, decide
not to pursue with the lease, the RD shall be
forfeited in favor of the LESSOR.

✍️Documentary Stamp Tax
DST or BIR
2000 due shall be for the sole and
exclusive account of the LESSEE.

✍️Withholding Tax
Withholding Tax or BIR 2307, if applicable, shall
be for the LESSOR’s account.
Should you be interested in knowing more about this property, I would be happy to schedule a zoom call or a personal meeting.