Ermita Manila Commercial Building for Sale 2,300 SQM Lot @ 580 sqm
Ermita, Manila
COMMERCIAL BUILDING FOR SALE
Malate Manila near Taft Avenue
6-storey commercial concrete building
With provision for elevator
Good for rental, office, storage, dormitory
With monthly income more or less 600,000 per month on rental
Walking distance to Pedro Gil, Taft avenue, and LRT
Along wide road
Lot Area = 580 sq.m
Estimate Floor Area = 2,300 sq.m
Gross Price = 155,000,000 (155 million)
Seller's Account - Withholding Tax (Corporate Owned), up dated annual Real Property Tax, up date monthly utilities (water and electricity), removal of Tenant and occupant, Marketing Fee
Buyer's Account - documentary tax, transfer and registration fee, up to issuance of New Title and New Tax Declaration
Manila, the capital of the Philippines, is a densely populated bayside city on the island of Luzon, which mixes Spanish colonial architecture with modern skyscrapers. Intramuros, a walled city in colonial times, is the heart of Old Manila. It’s home to the baroque 16th-century San Agustin Church as well as Fort Santiago, a storied citadel and former military prison.
Manila (/məˈnɪlə/ mə-NIH-lə, Spanish: [ma'nila]; Filipino: Maynila, pronounced [majˈnilaʔ]), officially the City of Manila (Filipino: Lungsod ng Maynila, locally [luŋˈsod nɐŋ majˈnilaʔ]), is the capital of the Philippines, and its second most populous city. It is highly urbanized and as of 2019 was the world's most densely populated city proper. It was the first chartered city in the country, designated as such by the Philippine Commission Act 183 of July 31, 1901. It became autonomous with the passage of Republic Act No. 409, "The Revised Charter of the City of Manila," on June 18, 1949. Manila, Mexico City, and Madrid are considered the world's original set of global cities because Manila's commercial networks were the first to extend across the Pacific Ocean and connect Asia with the Spanish Americas. When this was accomplished, it marked the first time in world history that an uninterrupted chain of trade routes circling the planet had been established. Manila is the second most natural-disaster-afflicted capital city in the world after Tokyo.Nevertheless, it is among the most populous and fastest growing cities in Southeast Asia.