Commercial vacant lot Katipunan Avenue near Ateneo

Lot 11-B, Interior Katipunan Avenue, Blue Ridge A, Quirino District, Quezon City


Lot area (sqm) : 489.5
Selling Price (Php) : 40,000,000

Mode of payment is CASH or at least 30% outright DP, 70% inhouse financing.

As is where is Basis! The sooner to make an offer the better to prevent a bidding!

To make an offer just fill out an Offer to Buy form with 2 valid ID’s.


For cash payment:
* 10% initial refundable deposit/ downpayment payable upon submission of offer; 
* 90% balance payable within 30 days from date of approval. 
For Installment*:
* 10% initial refundable deposit/downpayment payable upon submission of offer (will be part of the DP once approved)  
* 20% additional downpayment payable within 30 days from approval;  
* 70% balance payable in equal monthly amortizations at prevailing interest rate via post-dated checks over a maximum term of 5 years (provided that the buyer should not be more than 65 y.o. at the end of the term) 
* Interest rate and tenure for installment sale are subject to our Sr. Mgt's approval
* Minimum downpayment should be at least 30% 
*
Conditions:     
* Buyers are expected to have conducted their own due diligence and accepts the present/actual condition of the property;
* All expenses for the preparation, execution and registration of the document, including but not limited to notarial fees, registration fees, tax deficiency, documentary stamp tax, business tax, transfer fee, entry fee, assurance fund, real estate tax, levies and other government assessments, if any, and related expenses in the transfer of ownership of the property shall be for your (VENDEE’s) exclusive account. The 6% Capital gains tax/Creditable Withholding tax, based on the selling/contract price, shall be for the account of the Bank (VENDOR) and any excess thereof shall be for the exclusive account of the Buyer (VENDEE); 
* Client shall be solely responsible for the transfer of the title in his/her name and for all tasks appurtenant thereto; 
For installment sale:
* No construction/renovation may be done on the property during the installment period as specified in the Contract to Sell (CTS);
* Buyer must provide a declaration of their monthly household expenses (see attached form) for credit evaluation.
* For Contract to Sell (CTS) transactions, title shall remain under CBC's name. Deed of Sale will come after full settlement of contract price.
* All standard terms and conditions of the Bank as stated in the contract such as but not limited to reimbursement of real estate taxes and fire insurance (if any) from the date of sale;
* Payment of Realty tax and fire insurance premium (if any) for the succeeding months/years from date of execution of contract shall be for the sole account of the Buyer (VENDEE);
* Sale is on an “as is where is”” basis, and is non-exclusive;                  
* Should there be other offers/bids for the property, the Mgt. reserves the right to call for a sealed offer/bidding, and accept an offer/bid that may be considered most advantageous to the Bank;    
* The decision of the Bank is final and binding; 
* Price does not include transfer expenses and other fees; 
* All offers are subject to Senior Management's Approval.