Prime Location 4 storey Commercial Property for Sale in Tondo, Manila with Income

LOCATION.. LOCATION.. LOCATION..

Prime Location 4 storey Commercial Building for Sale with income in Tondo, Manila.. located in a Highly Commercialized area in Tondo Manila.

BLDG DETAILS:
✅4 Storey Commercial Bldg (built 2016)
✅Lot Area 1,450 square meters
✅Floor Area 5,800 sqm more or less
✅Heavy Duty Elevator
✅Flood Free
✅Clean Title (under corporation name)
✅Monthly Income: P1.33M plus per month

Ground Floor with Tenants:
▪️Mcdonalds, 7 Eleven, Red Ribbon, Utra Mega. all with long term contracts and escalations.

2nd Floor:
▪️Parking Area for 25 Cars (plus easement parking)
3rd Floor:
▪️Basketball and Gym
4th Floor:
▪️Warehouse Type (Height: 9.5 meters)

Other Units are Residential:
▪️Total Residential Units: 43 Units

🔥Selling Price: P350 Million (corporation sale)

🔥Or Selling @ P420 Million Gross (if not in corporation sale)

Breakdown of Rental Income:
✅McDo: P225.000 with annual escallation of 3% (8 yrs remaining contract)
✅711: P98.000 w/ annual esc 3%
8 yrs remaining contract contract)
✅Red Ribbon: P70,000 w/ escallation of 3% in 3 years (18 years remaining contract)
✅Ultra Mega: P245.000 w/ escallation of 5% in 3 years (9 years remaining contract)
✅Basketball Court / Gym: P400.000 per month (Variable)
✅Residential Units (27 of 42 units): P300.000 per month
✅Other Tenant: Converge (income not disclosed)


For Direct Buyers, Please Feel Free to Contact:
Mr. Robert M. Malitao
RealEstate Property Sales
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📨Email: Request details