Commercial for Sale in San Lorenzo, Makati City

Presented by Phil Realty: a commercial property for sale in San Lorenzo, Makati, Metro Manila, offering 31 sqm of floor area. Asking price: PHP 2,452,800. Fedman Suites Building is generally considered a good and highly practical option for small businesses, startups, and budget-conscious tenants. However, it has a reputation as an older property, completed in 1978. Recently, the management/developer completed a major multi-phase re-development and renovation. The interior spaces, elevators, and common areas have been progressively upgraded with modern finishes. The property had also been subject to legal delinquency issues decades ago concerning building maintenance and central facilities. As part of the multi-phase renovation, management addressed and resolved these outstanding issues with relevant government agencies. For Rent Data: 550.00 per square meter per month; Tenant pays utilities and condominium dues; two month's advance, two month's deposit, and 10 post-dated checks upon signing of lease agreement. Type of Ownership is Unit Title or Condominium. Fedman Suites is constructed on two parcels of land each measuring 816 square meters, or a total of 1,632 square meters. Unit owners of Fedman Suites are co-owners of the parcels of land wherein Fedman Suites is constructed. Highlights include 816.00 Lot 10 Block 2; 816.00 Lot 11 Block 2; 1,632.00 Total Land Area; 455,000.00 BIR Zonal Value; 742,560,000.00 Total Land Value; 2,760,838.08 0.0037180 Equity of FS 412 on the land. Amenities and features include Air conditioning, Security, Elevator, Alarm. Schedule a private viewing with Phil Realty to walk the property and review full documentation.