INCOME GENERATING PROPERTY IN NAGA CEBU COMMERCIAL BUILDING

31 Commercial Units for Rent

Open parking space or converted to additional rentable Units

Two Storey Building

Lot Area is 687 sqm

Floor area 564 sqm

31 Rentable Units

PROPERTY LOCATION

Across Cebu Technological University

Back of Naga Sport Complex and Elementary School

Near Naga National High School

Near Naga Old Public Market

SELLING PRICE is 30,000,000

net of taxes

RENTAL INCOME 214,000 per month ++ (2,568,000/year) and still increasing

31 units, 28 rented, 3 vacant, and rent still low versus

other commercial units for rent in the Naga area)

Return On Investment is around 8.5% per Year base on

present income, + Asset Growth

With possible increase every year on Rental Revenue and Property value appreciation, bcoz present rental rate still very low versus other Commercial Establishment rent

OTHER OPTIONS

Downpayment 15M

Balance 15M avail bank loan terms 10yrs at 7% interest per annum, the monthly amortization is only around 170k to 180k per month

Present Rental 214,000 per month can pay off the bank monthly

Therefore, cash out investment is only 15M + Taxes and cost of title transfer

Google Location Map, click here

For more info and site visit ,please contact:

MEGALAND REALTY

REBL No. : 002247 until 7/09/2026

DHSUD No : 0393 until 12/31/2023

PTR No : 4786697 until 12/31/2023

Globe / Whats App # : +63- 0977-382-4416

Email Address 1 : [email protected]

Email Address 2 : [email protected]

DISCLAIMER Availability, Price, and Bank Figures may change.

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