Commercial Space for Lease in Tipolo, Mandaue City

Commercial Space for Lease in Tipolo, Mandaue City

Location: Tipolo, Mandaue City

Leasable Area: 90.00 sqm (Ground Floor)
Rental Rate:
Basic Rent: ₱600.00/sqm
Monthly Rent (Year 1): ₱57,780.00 (including VAT, net of withholding tax)
CUSA (VAT exclusive): ₱4,500.00/month or ₱50.00/sqm

Rental Terms:
Escalation: 10% annually
Contract Period: 1 year
Security Deposit (3 months): ₱162,000.00 (VAT exclusive)
Advance Rental (2 months): ₱115,560.00 (with VAT, net of withholding tax; applied to the last 2 months of operation)

Additional Terms:
Rent-Free Renovation Period: Thirty (30) days. If the LESSEE completes fit-out works before the Lease Commencement date, they can operate rent-free until the Lease Commencement date (subject to obtaining necessary permits).
Marketing Expense: ₱3,000.00/month (compulsory)
Pest Control Treatment: ₱2,250.00/month (compulsory)
Construction Bond: ₱50,000.00 (refundable)

Utilities and Services:
Water Meter: ₱2,000.00 (One Time Payment, Lessee’s Account)
Power Meter: ₱13,900.00 (One Time Payment, Lessee’s Account)
Water Rate: ₱85.00/cubic meter (subject to change)
Power Rate: ₱16.00/kwh (subject to change)

Optional Services:
Signage Tower: ₱2,000.00/month
Megger Test: ₱2,800.00 (One Time Payment)
Fire Extinguisher: Kindly call BFP for inspection before purchase.

Ideal Business Uses:
Retail Store
Café or Restaurant
Office Space
Service Center
And more!

Status: Lessee has just vacated; currently under construction.