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Commercial Building for Sale on Makati Avenue, Makati City
For Sale
Industrial · Makati Avenue, Bel-Air, District I, Makati, Southern Manila District

Commercial Building for Sale on Makati Avenue, Makati City

₱225,000,000₱45,853/sqm
4,907 sqm
Floor Area

About this property

A ten-storey office building for sale on Makati Avenue in Bel-Air, with approximately 4,908 sqm of floor area on a 286.9 sqm lot. The building includes a basement and roof deck and comes with 20 parking slots, and it is offered semi-furnished with a clean title. Makati Avenue frontage is the point here: continuous traffic, high visibility, and walking distance to both the Ayala CBD and Poblacion. A building of this size on this street suits an owner-occupier who wants to consolidate several floors, or an investor buying a multi-tenant income asset. Asking ₱225,000,000 net, negotiable.

Highlights

    Investment Analysis

    Investment Calculator

    Cap Rate
    5.13%
    Cash-on-Cash
    -6.32%
    Net Operating Income
    ₱11,542,500/yr
    Monthly Loan Payment
    ₱1,317,393
    Annual Cash Flow
    ₱-4,266,217/yr
    Down Payment
    ₱67,500,000
    Principal Paid (yr 1)
    ₱3,208,717/yr
    All-Cash Yield
    5.13%
    Total year-1 return (cash flow + principal repaid)
    ₱-1,057,500/yr (-1.57% on cash in)
    Why the cash flow is negative

    The property yields 5.13% 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 5.13%.

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

    Location

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