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1,718.02 sq.m. Warm Shell Office Space for Lease in Makati
For Lease
Office · Ayala Avenue, Bel-Air, District I, Makati, Southern Manila District

1,718.02 sq.m. Warm Shell Office Space for Lease in Makati

₱1,889,823/mo₱1,100/sqm/mo
1,718.02 sqm
Floor Area
17
Parking
2021
Year Built

About this property

A 1,718.02 sqm warm shell office floor for lease on Ayala Avenue, at the Bel-Air end of the Makati central business district. The building sits on an island site bounded by major thoroughfares, which gives it road frontage on several sides and straightforward access from either direction during peak hours. The space is handed over as warm shell, so you fit out to your own plan rather than working around someone else's partitions. Seventeen parking slots come with the lease, a meaningful allocation on a street where parking is the usual sticking point. Suited to a corporate headquarters or a regional office that needs a full floor and an Ayala Avenue address.

Highlights

    Investment Analysis

    Investment Calculator

    Cap Rate
    5.70%
    Cash-on-Cash
    -4.42%
    Net Operating Income
    ₱16,157,987/yr
    Monthly Loan Payment
    ₱1,659,760
    Annual Cash Flow
    ₱-3,759,132/yr
    Down Payment
    ₱85,042,035
    Principal Paid (yr 1)
    ₱4,042,605/yr
    All-Cash Yield
    5.70%
    Total year-1 return (cash flow + principal repaid)
    ₱283,473/yr (0.33% on cash in)
    Why the cash flow is negative

    The property yields 5.70% but the loan costs 8%. Borrowing above the yield pulls cash flow down, which is normal for prime assets bought for location and long-term value rather than immediate income. Raise the down payment, lengthen the term, negotiate the price, or achieve a higher rent to close the gap. A cash purchase returns the full 5.70%.

    Estimates only — for illustration, not financial advice. Adjust the inputs to model your own scenario.

    Location

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