PROJECT DETAILS:
CLASSIFICATION: COMMERCIAL DEVELOPMENT
TARGET COMPLETION: Q2 - 2026
TOTAL # UNITS: Total of 12 units
120 sq.m – 113sq.m : ground floor 4 units
64 sq.m – 57 sq.m : second floor 8 units
Rate: 600-800 per sqm (submit Letter of intent)
TOTAL # OF PARKING
UNITS: 30 commercial parking spaces
Electricity: 100% electricity and Generator Backed
Water: Pressurized Watertank
Comfort Rooms: Public Comfort Rooms and some specific units have
provisions
UNIT SPECIFICATIONS:
BARE CONDITION
LESSOR SHALL PROVIDE THE FOLLOWING:
- Walls:
- End unit: Building Perimeter Rough cement finish and clear glass walls.
- Mid unit: Open type for possible expansion
- Floor
- Rough Cement Finish
- Ceiling Ground Floor: Steel Deck Ceiling
- Second Floor: Exposed Structural Ceiling
- Ceiling Height: 3.80m
- Electrical Power Provision
- Comfort Room Provision (only specific units)
- Water Stub Out
- 100% Emergency Back-up power
- Fire Detection and Alarm System
LESSEE SHALL PROVIDE THE FOLLOWING:
- Airconditioning System
- Electrical Panel Boards
- Exhaust System (if applicable)
- All necessary facilities/utilities exclusive for its use
As-built plans will be provided to all tenants before fit-out
BASIC TERMS AND CONDITIONS:
- Financial Terms:
- Standard monthly payment with a minimum of 5 years lease contract with 8% escalation every 3 years.
- Use of Leased Premises
- Leased space shall be exclusively used as a commercial retail. No contrabands, illegal items, or hazardous materials shall be allowed in any of the leased premises.
- Monthly CAM FEE (Common Area Maintenance)
- Php50/sq.m/month, commencing upon turnover
- Subject to annual adjustments
- Insurance (If needed and subject to final adjustments)
- Prior to fit-out, your contractor shall be required to secure a Contractor’s All Risk Insurance (with CGL extension and “broad water damage” coverage) in the amount of at least P1,000,000.00 for the duration of the fit-out.
- Prior to start of operations, you shall be required to secure a Comprehensive General Liability Insurance in the amount of at least P1,000,000.00 to be renewed yearly for the entire duration of the lease.
- Construction Bond
- One (1) month (rate/month x total area) Fixed Rent payable on or before turnover date
- Other Charges
- Payment for Water, Electricity, Telephone, Telecom services and other utilities within the leased premises is the sole responsibility of the Lessee.
- Confidentiality
- It is hereby understood that the Lessor considers the rent to be strictly a confidential matter and the Lessee hereby agrees that it shall not include in its invoices to customers or any mention of such rent.
- Neither shall the other terms be divulged to any other party unless otherwise required by law, or regulation.
Disclaimer: Actual data may vary.
