Commercial for sale in Basak, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$353,982
20,000,000 PHP
PROPERTY TYPE
commercial
BEDROOMS
1
BATHROOMS
1
Description
Located along the highway and very accessible (across the entrance of Rama Compound). It is approx 500 m away from Metro Gaisano Mall and Shopwise Mall. 1km away from NUSTAR, SM Seaside, Ocean Park Cebu and Il Corso. Approximately 1km away from SRP. The
location is near residential subdivisions, schools (USJR) and universities (UC), just a few steps away from bakeries, few meters away from fast food stores such as Jollibee, McDonalds, Mang Inasal and many more. The
location is also near bus stops and other public
transportation passing the highway from south to the city and vice versa.
Building details:
- Has 3 floors and the 4th floor is a rooftop approximately 90sqm each floor. Which makes it 90sqm x 3 = 270sqm (325 sqm more or less i f including rooftop)
- Ground Floor: 2 spaces and a basement
- 1st floor has 1 room
- 2nd floor has 3 rooms
- Rooftop has 1 room and a sauna bath installation
The Property is gated and in a very good condition, has its own water tank located at the top of the roof top and has a good ventilation system.
The Property was built in 2001. Facade is renovated in 2015
AdditionalInformation:
- Income Generating: Currently there are tenants at the ground floor door and at the 2nd floor
The Rooftop has. nice city and mountain view, as it is one of the few properties built with rooftop in the area that has nothing to block it's view so far.
Property ID: SCBS1
Type: Building for Sale
Location: near SRP, South Road Basak San Nicolas, Cebu City
Floor Area: 325 SqM
Lot Area: 99 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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