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Rush Sale 1.8M Studio Deluxe Condo in F. Cabahug St. Mabolo Cebu City

Vacation rental

Property Code: JHD-DMB Rush Sale Studio Deluxe Condo in F. Cabahug St Mabolo Cebu City Location: Cityscape Tower, F. Cabahug St. Mabolo Cebu City Building Overview: A 16 storey building with 163 condominium and hotel units graced by beautiful amenities and services making your stay an extraordinary one. Cityscape Tower is strategically located in Mandaue and? Cebu?City where easy access to many major destinations in and around the Cities? such as? Ayala Center, SM Mall and? Robinson's Mall. It will take you just a few minutes going to Mactan Cebu International Airport, Cebu Port Areas, resorts in Mactan and the tourist spots in Cebu. The hotel rooms were furnished with modern style facilities and equipped with the best comfort to suit your needs. Unit details on Sale: Unfurnished Unit (Furniture's not included) upon turn over to the new owner Studio Deluxe Unit (Hotel Type Layout without kitchen) Floor Area: 20.87sqm 1 Toilet and Bath Unit located at 16th floor -Currently rented by Cityscape Hotel Management as Condotel unit. -Condotel net income ranging from 5k-6k per month (based on 40/60 Condotel sharing net of overhead expenses) -lease contract of Condotel will expire by May 31, 2020 and only then can be rented out by the new owner as a regular residential condo unit for higher rental income ranging from 15k to 18k a month (as fully furnished unit). AMENITIES & FACILITIES: 2 High Speed Elevator 24 Hour Security CCTV Monitoring System Fire Alarm System Function Hall (at 17th floor and can accommodate 200 persons) Inifinity Pool (at 17th floor) Lobby and Reception (at ground floor) Standby Generator Selling Price: 1,800,000 net of tax Note: Sale Price has been discounted for quick sale -Buyer pays transfer of title taxes -Seller pays brokers fee, updated real property taxes and update association dues.

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