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Commercial - Residential Property
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Price:
40,000,000.00

Specifications:
Location: Quezon City

About this property:

This unique property is situated in Don Antonio (Quezon City), just off the Commonwealth Ave. It is in a prime position with all the relevant amenities like banks (HSBC,BPI), pharmacy, shops and restaurants.

Located across the Commonwealth Ave is a shopping Mall called Ever Gotesco. For educational needs, there are several schools in the vicinities, from elementary, High School, college and a University.

The property consists of the following:

2245s.q.m land

2 bungalow houses (2nd property with full air-conditioning)

1 swimming pool

1 pool building with changing room and toilet facilities

1 carport with extended building (including shower & toilet)

3 Nipa Huts

5 Commercial Units

Up to 10 Car Parking Spaces

3 Water Tanks

PROPERTY

As you enter through the gates, the 5 business units are situated on the right hand side. When you go through the drive way, there is plenty of parking spaces, holding up to 10 cars. Right at the back are situated the 2 bungalows. Each residential unit has two floors: on the ground floor there is the kitchen, dining room, living room, master bedroom (2nd bungalow* master bedroom en suite bathroom), second bedroom and bathroom, throughout this floor there is marble

flooring. On the top floor there are two further bedrooms, a maid's room and a second bathroom all with dark wooden floor (with the exception of the bathroom). The exterior structure of both houses have wooden and brick finish. Outside is located an utility room for each bungalow.

Also at the back of the premises there are three water tanks, two external and one underground to supply water for the whole property. The 2nd bungalow* has air-con and has a carport with a small building including a shower and a toilet.

The swimming pool is located near the 2nd bungalow, behind the business units. It has a pool building with changing facilities and toilets. Next to the pool are three 'nipa huts' (outdoor sitting area hand made with bamboo), which can sit up to ten people and also a terrace area around the pool. The pool area in junction with the 2nd bungalow is used for functions and events.

BUSINESS

Although this is a residential property, due to the size of the land and location, it does fall under the category of "commercial" zone. With the property consisting of 5 commercial units, there is a healthy rental income earnings. Most of tenants have established their businesses for over 5 years.

Another important part of the business income is the swimming pool and adjacent bungalow house. The owner of the property has established a niche market where she rents out the swimming pool and/or bungalow included, where daily, evening and weekend functions and events are often held (birthdays, christening, private parties, business meeting and group swimming).

SUMMARY

Not being your average residential home, this is a great opportunity to take advantage of this property. The proprietor of this lovely home has made a great success of running the 'Boyd's Oasis' for a nearly 10 years. The new owners will be able to take on the existing business with minimal maintenance and have residual income in their new home



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