Office for sale in Kasambagan, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$346,018
19,550,000 PHP
PROPERTY TYPE
office
BEDROOMS
1
BATHROOMS
1
Description
Invest now! High appreciation gauranteed. This is a FULLY FURNISHED property with a million dollar panoramic view of the ocean and city.
Contracted for 3 years starting Nov 2024 - Oct 2027
Total Lease Income: Php 3,960,000 @ (Php 110,000/month).
The property is beside the on going high-end mixed use development, Lincoln at IPI Center by Rockwell Land, with a lifestyle mall which is set to be completed by 2029. Their current launch price for their property is now at 310,000 / sqm.
Meridian by Avenir Cebu: An Exceptional SOHO Condominium
Meridian by Avenir Cebu is a premier high-rise SOHO (small office/home office) condominium, uniquely designed to cater to both business and lifestyle needs. This innovative development combines the convenience of a prime business
location with the luxury and comfort of modern residential living.
Location & AccessibilityStrategically situated within the golden triangle of Cebu City’s business district, Meridian by Avenir offers unparalleled
accessibility to major commercial establishments and government institutions, making it an ideal choice for businesses and professionals. Key landmarks include:
Grand Convention Center: 950 meters
Waterfront Hotel & Casino: 950 meters
IT Park Cebu: 1.0 kilometer
Cebu Business Park: 1.1 kilometers
Cebu Country Club: 1.2 kilometers
Ayala Center Cebu: 1.2 kilometers
JY Square Mall: 1.5 kilometers
University of the Philippines – Cebu: 1.9 kilometers
Perpetual Succour Hospital: 2.2 kilometers
SM City Cebu: 2.3 kilometers
Cebu Doctors’ University Hospital: 2.8 kilometers
University of San Carlos: 3.9 kilometers
AmenitiesDespite its compact footprint, Meridian by Avenir boasts an impressive array of
amenities that rival those of larger luxury condominiums:
Fully staffed concierge
Gym
Swimming pool
100% backup power generation
Fiber optic backbone
Telecom redundancy
Design & StructureThe development comprises 21 floors, with five floors dedicated to BPO (Business Process Outsourcing) offices and the upper levels accommodating 170 Home Office Suites. This design flexibility ensures that each unit can seamlessly transition between home and office use, making it perfect for entrepreneurs, freelancers, and small businesses.
Unique FeaturesMeridian by Avenir stands out in the market due to its exclusive
amenities and services tailored specifically for business and lifestyle enhancement. It redefines the home-office concept by providing an exceptional platform for success, combining comfort, convenience, and operational efficiency.
SummaryMeridian by Avenir Cebu is a high-rise SOHO condominium designed for business and lifestyle needs, offering luxury
amenities such as a gym, swimming pool, and concierge services. Located within Cebu City's business district, it provides easy access to key commercial and institutional landmarks. The development
features 21 floors, including dedicated BPO office space and 170 adaptable Home O
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
Paul Dy
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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