Labangon, Cebu, Lot For Sale

PROPERTY # 11429 - Rush Commercial lot for Sale at E. Sabellano Street, Basak Quiot Labangon, Cebu City LOT AREA: 3,063sqm, PRICE: 35,000 PER SQM / PHP 107, 205,000 NOTE: *Along the road and across Desana Heights Subdivision near SRP. *Perfect for warehouse, Property developers for Commercial Spaces and Buildings, Condo Residential, 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, Ocean Park, Nustar Resort and Casino and 5 star Fili hotel and access roads to the Cebu Cordova Link Expressway bridge as well as to the south provinces of Cebu. Terms are 50% downpayment from buyer so we can transfer title from decease spouse to widow because the owner needs money to settle the penalty incurred in bir through capital gain tax charges since owner is senior and cannot be eligible for bank loans. Initial transfer title change is deductible from total selling price so we will shoulder the expense. Upon completion of new title to widow then we will ask remaining 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. FAQ: 1)Yes, it is our lot. I am not an agent, but the daughter. It is 35k per sqm. Widow/Mother is the owner and not the children. Before the husband died, he made it into capital gains tax & already submitted, but lack of funds to pay hence penalty and interest incurred from bir, hence we made the terms & agreement. No signatories needed other than her bec it was not made estate tax since parents dont want to leave inheritance to offspring. 2) It is open for viewing anytime. No need for a tourguide or to set appointment. Walk in is fine. Tenants business name is Ruleen Enterprise. It is right across Desana Heights subdivision. There is an open gate. Our property starts from the gate onwards. It is purely lot. No building or store. Whatever structure u see is tenant's business. No, we cannot sell subdivided style bec only 1 lot title. All annual taxes are paid yearly by us. 3) Yes, our tenant is aware we are selling hence yearly renewable contract. No, she is not interested to buy bec she cannot afford. 4) Yes, 35k per sqm is our last price bec we have to settle penalty and interest in bir. 5) Yes, that is the original lot plan that we took a screenshot of. If it looks unclear in photo, it still looks the same in actual paper, so their's nothing we can do about it. Just do ocular visit if u want to see the lot area.