Commercial for sale in Banilad, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$420,443
23,755,011 PHP
PROPERTY TYPE
commercial
BEDROOMS
1
BATHROOMS
1
Description
Astra Corporate Center is a top-tier office tower in Mandaue City, offering premium office spaces for businesses looking for a prestigious address. Located within Astra Center, this 19-storey building
features customizable units, comprehensive security with 24/7 CCTV, and 168 parking slots, ensuring a safe and flexible workspace for tenants. With a prime
location on A.S. Fortuna Street, it provides easy access to key commercial and residential areas in Cebu.
Positioned within the vibrant Astra Center, Astra Corporate Center combines modern
amenities with strategic
location to offer first-class office environments in Cebu. With its generous lobby, panoramic views, and emergency power backup, this high-rise office tower is ideal for companies seeking to lease or own premium office space in Mandaue City, elevating your business in one of Cebu’s most sought-after locations.
Features and
Amenities:
- Generous lobby space
- Separate and independent lobby
- Easy access to adjacent residential and commercial spaces
- 6 passenger elevators
- Wi-Fi access
- Common M/F restrooms on every floor
- All units are combinable
- 5M minimum corridor width
- Bare concrete finish for floor and wall
- Provision for electrical stub out
- Provision for plumbing
- Air conditioning system (provision for installation by tenant/owner)
Security
Features:
- 24/7 security
- 100% emergency power supply system
- Common area fire detection and alarm system
- Common area closed-circuit TV (CCTV) for security monitoring
- Garbage holding room per floor
- Provision for fire detection and suppression systems
- CLI Property Management Service
Property ID: SCACC3
Type: Commercial Space for Sale
Location: Banilad, Cebu City
Floor Area: 145 SqM Telephone number: View Phone
Location
Open in Google MapsLiving in Cebu
Island-hopping on weekends, karaoke as a national religion, and a Filipino hospitality so genuine that you will be adopted by your neighbor's entire extended family before your first month is over.
Visa
SRRV (Special Resident Retiree Visa) — available from age 40+. Requires $15,000-50,000 deposit depending on age and pension status. Grants indefinite stay with multiple-entry privileges. SIRV (Special Investor Resident Visa) — requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the Philippines→Key Fact
English is an official language and widely spoken — making the Philippines the easiest Asian country for American expats to navigate daily life. Private healthcare is excellent and affordable, but infrastructure outside Manila can be underdeveloped.
Learn more: The Cheapest Cities to Live Abroad→Philippines at a glance
How Philippines scores for American expats
Cost of buying in Philippines
Estimated fees and ongoing costs for this property
Closing Costs
5-8% of purchase price
- ·Transfer tax: 0.5-0.75%
- ·Documentary stamp: 1.5%
- ·Capital gains tax: 6% (seller, but often negotiated)
- ·Registration: ~0.25%
- ·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
₱5,000-15,000/yr
HOA / Condo Fees
₱3,000-10,000/mo for condos
Good to Know
Agent Fees
Seller pays (3-5%)
Foreign Buyer Note
Foreigners CANNOT own land. Can own condo units (max 40% foreign quota per building). Houses possible via long-term lease or Filipino spouse.
Legal help in Philippines
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Philippines?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Cebu Grand Realty
Next steps for moving to Philippines
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
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