House & Lot C.M. Recto Avenue, Binondo Manila (MD790344)
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PIRI #: MLA-001780
Address: C.M. Recto Avenue, Binondo Manila
Type: House and Lot
Category: Resale
Listed Price: PhP 22,000,000
Description:
Located in the vibrant district of Binondo, Manila, this three-storey residential/commercial concrete building with roofdeck is built on a 140.58 square meter lot and designed to house a regular grocery store on the ground floor, rentable units/office space on the 2nd floor, residential areas on the third floor and multi-purpose/function areas on the roofdeck. Included in the asking price is a two-storey three-door apartment, each with a rental income of PhP5,500/month. Based on prevailing leasing rates in the area, the entire property can fetch an aggregate rental income of PhP66,500/month.
Notes:
About 300 meters away (10 to 15 minutes walk) from Divisoria Commercial Complex, Tutuban Center and near Binondo Church and Chinatown Business District, our Lady of Peach and Good Voyage Church and Gat Andres Bonifacio Memorial Medical Center. With easy access to airports (both International and Domestic), piers (South and North Harbours), Manila City Hall, SM City Manila, Manila's University Belt, prestigious hospitals (Manila Doctor's, PGH, etc.) and prestigious Colleges and Universities (Letran, Mapua, Lyceum, PLM).
DETAILS OF THE PROPERTY:
LOT:
Area: 140.58 square meters
Frontage: 6.69 meters along C.M. Recto Avenue; surrounded by alley
Shape: Rectangular
Terrain: Flat
Road: Concrete paved
Community Facilities: Electricity, water, telephone, cable, transportation
IMPROVEMENTS:
A. Three-Storey Building With Roofdeck
* 1st Floor: Entire floor is a grocery with 1 toilet & bath and a bodega. Floor Area: 80 sqm.
* 2nd Floor: Three (3) bedrooms (one with a small bodega), two (2) toilet & bath plus a receiving area. Floor Area: 110 sqm.
* 3rd Floor: Five (5) bedrooms, balcony, receiving area, two (2) toilet & bath, living, dining, and two (2) kitchens. Floor Area: 128 sqm.
* 4th Floor: Roofdeck/function area with two (2) toilet & bath. Floor Area: 130 sqm.
B. Two-Storey Three-Door Apartment
Each door having the following:
* 1st Floor: Living/dining/kitchen and one (1) toilet & bath
* 2nd Floor: One (1) bedroom
Other Details: Number of Bedrooms: 9, Number of Bathrooms: 8
* Price: 22,000,000 PHP (~ $ 419,900 USD)
Date & Time Listed: 2011-05-27 06:47:12 GMT
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PHILUSCAN International Realty Inc. (Real Estate Agent) from Philippines
About PHILUSCAN International Realty Inc.
Philuscan International Realty Inc. ('PIRI'), a registered Philippine corporation, is a full-service real estate Brokerage Company specializing in real estate service to the domestic Philippine market as well as to international markets. We have a vast network of licensed real estate agents, marketing consultants, promotions coordinators & sales coordinators as part of our international referral system. Through our strong North American connection, we are further able to service the international property needs of those who are migrating or relocating abroad.
Our portfolio of Philippine and International properties consists of individual resale properties, developers’ pre-construction units and inventory (SM Dev’t Corporation, Robinsons Land Inc., Filinvest Land Inc., DMCI Homes, Vista Land, Landco, Tagaytay Grasslands, Landenmore Properties, Ortigas & Co., et al), bank-acquired assets, qualified investment properties under PRA’s SRRV program and international resort properties of Superior Worldwide Corporation and LifeVision Properties.
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