Real estate to be included in the sale:
Lubao, Pampanga Properties:
1. Farm Lot with Housing Structure (Farm House) – 4,962 square meters
Note: Clean Title. All furniture, fixture and appliances (as seen in the photos) shall not be included in the sale.
2. Extra Judicial Lot – 1,273 square meters
Note: Will be directly transfer to the buyer. An attorney will handle this for us at the time of closing.
Pet Plans Makati Properties:
3. The Suite (unit that is above the Penthouse)
4. Unit 14C Office Space
- The Seller (Corporation) is actively registered with SEC but is not currently operational. The new buyer must take on a new operation of Corporation. The valuation is based on a discounted cash flow of a future 10-year projection once a new owner takes on a new operation of the corporation.
- The sale price for the sale of the Corporation is PHP 175,000,000. Upon request, we can send excel sheet based on a 10-Year projection that was utilized for the basis of business valuation.
- Upon the sale, the seller will be assessed with 15% Capital Gains Tax. There would be no VAT because there will be no transfer of ownership on the real estate properties which are currently in the name of the corporation.
- The 2 Lubao Pampanga Properties will be assessed with VAT at the time we transfer to the buyers because there will be a change in ownership.