Commercial Space for RENT in Tipolo, Mandaue City, Cebu

Commercial Space for RENT in Tipolo, Mandaue City, Cebu

Location: Tipolo, Mandaue City

Leasable Area: 165.00 sqm (Second Floor, previously Gaming Shop)
Rental Rate:
-Basic Rent: ₱700.00/sqm
-Monthly Rent (Year 1): ₱123,585.00 (including VAT, less withholding tax)
-CUSA (VAT exclusive): ₱50.00/sqm or ₱8,250.00/month

Rental Terms:
Escalation: 10% annually
Contract Period: 1 year
Security Deposit (3 months): ₱346,500.00 (VAT exclusive)
Advance Rental (2 months): ₱247,170.00 (applied to the last 2 months of operation)

Additional Terms:
-Rent-Free Renovation Period: One (1) month/Thirty (30) days. If the LESSEE completes fit-out works before the Lease Commencement date, they can operate rent-free until the Lease -Commencement date (subject to obtaining necessary permits).
-Marketing Expense: ₱3,000.00/month
-Construction Bond: ₱50,000.00 (refundable)
-Pest Control Treatment: ₱4,125.00/month (VAT exclusive)

Utilities and Services:
-Water Meter: ₱2,000.00 (One Time Payment, Lessee’s Account)
-Power Meter: ₱13,900.00 (One Time Payment, Lessee’s Account)
-Water Rate: ₱85.00/cubic meter (subject to change)
-Power Rate: ₱16.00/kwh (subject to change)

Optional Services:
-Signage Tower: ₱15,000.00 (one-time payment)
-Megger Test: ₱2,800.00 (one-time payment)
-Fire Extinguisher: Kindly call BFP for inspection before purchase.

Ideal Business Uses:
Retail Store
Café or Restaurant
Office Space
Entertainment Venue
Service Center
And more!