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Detail

Updated on August 11, 2018 at 1:27 pm

  • Property ID: 1693
  • Price: ₱43,000,000
  • Property Size: 506.25 Sqm
  • Land Area: 79 Sqm
  • Bedrooms: 22
  • Bathrooms: 22
  • Year Built: 2018-02-01
  • Property Type: Commercial Building, Dormitory, Residential Building
  • Address: Pinos Street
  • City: Makati City
  • State/county: Metro Manila
  • Zip/Postal Code: 1213
  • Neighborhood: Brgy. Pinagkaisahan
  • Country: Philippines

Description

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Update August 10, 2018: This is sold!
For similar properties, call us at 09778591201.

Update May 31, 2018: 95% Occupancy Rate

Update April 10, 2018: 80% Occupancy Rate

Update March 21, 2018: Occupancy Rate have reached 70%!

Update Feb, 19, 2018: Occupancy Rate is now at 40%!

This is the second dormitory project for sale in Makati, a ‘soon-to-be’ dominant project in the dormitory building industry.

This Makati Building For Sale will house 22 units, once constructed at the fourth quarter (Q4) of 2017. With a selling price of ₱43,000,000 inclusive of 12% Value Added Tax, the total floor size would only cost ₱84,938.27 per sqm. Considering the whole building will be sold fully-furnished and fully-rented out, is the selling price is a complete bargain!

Each bedroom can accommodate 2 to 4 individuals and the whole 22 units will have a tenant capacity of 78 individuals.

Using the first iDorm as a basis for the success of this building, we can confidently project the following figures:

  • For the monthly standard rate of ₱4,800 x 78 beds, gross monthly revenue will be ₱374,400, annual revenue will be ₱4,492,800.
  • With a 5% rent increase on the 3rd year, ₱5,040 x 78 beds, gross monthly revenue is ₱393,120, annual revenue is ₱4,717,440.

Here’s a more detailed view on its investment potential:

6 Storey Makati Building For Sale, Pinos Street, Makati City investment potential

 As the future owner of this For Sale Makati Commercial Building, you will have the legal authority to periodically increase the rental price, which in turn will increase your ROI.

The seller can provide an in-house management team to take care of all the day-to-day operations of the dormitory in exchange for a certain retention fee. As a buyer, you will have the option to retain their services or provide your own management team.

And like its predecessors:

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.

The dormitory market is already heating up, Ayala Land & SMDC are already entering this niche segment. Take this great opportunity to own a piece of the market share. Time for you to own dormitory.

You need to view this Makati Building For Sale in person to appreciate it. Book a view schedule today! Call us at 09778591201.

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Contact info

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

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