Rush Commercial Lot for Sale at E. Sabellano Street, Quiot Pardo, Cebu City

LOCATION:
- Along E Sabellano St. highway
- Near Desana Heights Subdivision
- Few minutes to SRP

FEATURES:
* Lot Area: 3063sqm

* Perfect for warehouse, Property developers for Commercial Spaces and Buildings, Condo units, Gas station, Pension house/Inn, Apartments, Construction materials/Hardware Spaces, Factory, Showroom, etc

* Location is strategically located and accessible to all types of public transportation and is less than 30 minutes drive to well known tourist spots in Cebu:

- SM Seaside mall
- 5 star hotels,
- IL Corso mall,
- Popular restaurants,
- Cebu Ocean Park,
- Nustar Resort & Casino
- 5-star Fili hotel
- Access roads to the Cebu Cordova Link Expressway (CCLEX) bridge as well as to the south provinces of Cebu

PAYMENT TERMS:
* P35K/sqm (net)
* 50% DP - Initial payment
* 50% Balance - upon clearance of title and outstanding taxes
* Total Investment: P107,205,000

NOTE:
* Terms are 50% downpayment from buyer so the title will be transferred from deceased husband to his wife (widow) to settle the CGT & penalties incurred in BIR.
* Initial transfer title change is deductible from total selling price so seller (widow) will shoulder the expense. Upon completion of new title to seller, then she will ask the remaining 50% downpayment balance of total sale
* Second transfer title change from widow to buyer is already shouldered by buyer. Contracts will be drawn up regarding downpayments and balances etc