Retail Space for Rent in Cebu IT Park, Salinas Drive, Cebu City, Cebu IT Park Cebu City

RETAIL SPACE FOR RENT
Ideal for food business

Cebu IT Park, Salinas Drive, Cebu City
Available Units and Locations:
Third Floor
FACING IT Park and Mactan View
Leasable Area :
Floor Area
Total Area: 264.20sqm
Turnover Condition :
Bare Shell
Lease Rate (Basic Rent) :
Rental Rate
Price per sqm Covered: PHP 800
Parking (1:100sqm) : PHP 4,000
Estimated Total Monthly Rate: PHP 215,360
VAT Exclusive and Subject to 5% CWT+ CUSA
Escalation
5% escalation starting on the 2nd year onwards
Lease Term
Five (5) years, standard minimum lease term
CUSA
P150.00 per sqm, per month (Office Unit)
P80.00 per sqm, per month (Parking Slot)
Parking Slot P4,000.00 per slot per month (VAT Ex) 1:100 sqm allocation

SecurityDeposit
Three (3) Months’ Rent, equivalent of the last year
of the lease term.

Advance Rent
Three (3) Months’ Rent, equivalent and applied on
the first three months of the first year of the lease
term.

Construction Bond
One (1) Months’ Rent Equivalent
*Refundable upon completion of fit-out
Vetting Fee PhP100.00 psqm of GLA (VAT Ex).
Construction plans and designs must be submitted
to the LESSOR for evaluation and approval prior
handover. VAT shall be the for the account of the
Lessee.

Utilities Water, Electricity and LPG consumption shall be for the account of the LESSEE and shall be sub-metered separately.
HandoverCondition
“As-is, Where-is” Bare Condition. The leased
premises shall be handed over a Bare Shell
Condition.

Fit-Out Period /Construction Period
Two (2) months, commencing upon handover
date. Fit-out period shall be free of rent except for
the CUSA dues, utilities and other fees
attributable to the fit-out works of the unit.

Validity and Reservation Deposit
Take note
Upon signing/confirmation of the lease term
sheet, LESSEE shall pay a Reservation Deposit
equivalent to one (1) month’s rental. The
reservation Deposit shall subsequently form part
of the Security Deposit.
Upon payment of RD, the unit shall be officially
reserved for the LESSEE until the execution of
Contract of Lease. Should the LESSEE, decide
not to pursue with the lease, the RD shall be
forfeited in favor of the LESSOR.

Documentary Stamp Tax
DST or BIR
2000 due shall be for the sole and
exclusive account of the LESSEE.

Withholding Tax
Withholding Tax or BIR 2307, if applicable, shall
be for the LESSOR’s account.

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