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Detail

Updated on June 4, 2018 at 12:25 am

  • Property ID: 1121
  • Price: ₱88,888,000
  • Property Size: 1414 Sqm
  • Land Area: 240 Sqm
  • Bedrooms: 50
  • Bathrooms: 50
  • Year Built: 2017-02-15
  • Property Type: Dormitory

Address

  • City: Makati City
  • State/county: Metro Manila
  • Zip/Postal Code: 1212
  • Neighborhood: Brgy. Guadalupe Nuevo
  • Country: Philippines

Description

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UPDATE 2: THIS IS ALREADY SOLD!

If you would like a similar property, please call us at 0977-859-1201.


Update 1:

As of 28 July 2017, 6:23pm, iDorm at Escuela have received a P5,000,000 earnest money.


Selling price plus 12% VAT. 6-storey building with 50 units, 200 beds. The building soft-opened last 15 February 2017 and it’s 82% tenanted as of 3/30/2017.

Here are the figures you will need to know, you can run it with your accountant for good measure:

  1. For the monthly standard rate of P4,800 x 200 beds, gross monthly revenue is P960,000, annual revenue is P11,520,000.
  2. On a 5% rent increase on the 3rd year, P5,040 x 200 beds, gross monthly revenue is P1,008,000, annual revenue is P12,096,000.

Since this property is located near the famous Kalayaan Avenue and only 5 minutes walk away from Bonifacio Global City, the intended demographic for this facility are young professionals like managers, sales executives or staff that needs to reside near their offices.

The building strictly does not allow visitors inside, each door is secured by a biometric to ensure that only designated tenants have access. Security personnel are on duty 24/7 and electric generators and emergency water pumps are always on stand-by.

Each unit has a 16 sqm floor space, with 2 bunk beds, able to accommodate 4 tenants, 1 bath and 1 toilet a kitchen nook and built-in cabinets. The electricity is sub-metered for each unit for efficiency in collecting the electric bills. Since the building is has biometric-security, if a tenant becomes delinquent on his or her rental or bills payment, the building admin will automatically revoke his or her access, disallowing her to enter the premises or remove his or her personal items. This system ensures that tenants will strictly honor their obligations to the management.

The new owners of this Makati Building For Sale will all the security needed to run the facility effectively and efficiently. The current owner-builder will provide the option to retain their in-house building management for a fee, in case the new owners do not have their own or don’t want to hire external property managers.

Title is clean, taxes are paid, you must see it in person to appreciate. Book a viewing today!

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Contact info

Thess Calonge-Loria
Thess Calonge-Loria
+6329461769+639778591201

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