
A three-storey building for sale in Poblacion, Makati, with 870 sqm of floor area on a 294 sqm lot, facing northeast toward Rockwell and one street away from it. The building was previously used as a corporate headquarters, so the structure and layout already suit office use rather than needing conversion. Poblacion's mix of residential, office and hospitality means the building can go several ways: back to office use, a boutique hospitality conversion, or a multi-unit rental. Asking ₱142,000,000.
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.

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