Low Operating Cost El Poblado Building (Manila) with Storefront and Two Apartments

COP 1.300.000.000
For Sale

High Value Affiliate Listings

Because there is no MLS in Medellin FAR is constantly searching for the highest value possible listings in the best neighborhoods in the city. We have approximately 350 sales listings and have thus created our own ¨mini -MLS¨ with direct access to property owners on a non-exclusive bases.

But from time to time we see below market listings with other agencies that are not in our inventory but which we believe are great values and priced below the prevailing real estate market. As such we negotiate our standard 3% sales commission with the listing agent who will also receive his or her 1.5% commission so the total is 4.5%, not the standard 3%. Remember, commission is seller paid.

Even though this extra 1.5% may be reflected in the final sales price, we are of the firm opinion that the final sales price will still be below the real estate market and represents a great value for our investors.

Property Description

  • Low Operating Costs
  • Prime Retail Location
  • Construction-ready

Located in bustling Manila, El Poblado’s next Provenza, this three-story, 3638 sq. ft. combination commercial and residential building is every investor and developer’s dream. The bottom floor is restaurant ready and two classic apartments make up the top two floors. With no HOA fees and low monthly taxes, operating costs are extremely competitive. While only developed to three stories, this lot can be built up to eight stories high, making this a prime investment consideration for a boutique hotel, bed and breakfast, or commercial development.

Property Location

Location is not the exact address of the listing

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