1 Bedroom Condo for Sale in Banilad, Mandaue City

Across Oakridge Business IT Park.

Oakridge IT Park has an overwhelming number of offices but no residential units.

“Oakridge is the offices while Astra is the bedrooms"

Astra is one of the best rental investment property in cebu!

 A 15-storey residential condominium with a wide range of world-class amenities and features. It is the next go-to destination in Cebu with its 1.2-hectare mixed use property development along AS Fortuna in Mandaue City where malls and big businesses are few meters away. Oakridge Business IT Center has expanded many more buildings and they would surely need residential condos, in which case this project is just across the street.

Its astounding designs and unique global feature encompass its two towers rising from one podium. It has four major components namely the: Centre Mall, an upscale boutique mall with cinema; Radisson RED, a world-class hotel targeted to the the new generation travellers; A residential condominium replete with infinity pool, sky deck, gym, and function rooms; and Corporate Centre with 12 floors of modern office spaces.

Location:
- Across Oakridge Business IT Park (no residential units) 
- 1.9 km to J Centre Mall  
- 1.1 km to Banilad Town Centre  
- 1.3 km to Gaisano Country Mall  
- 1.3 km to UC Banilad School  
- 1.5 km to Benedicto College  
- 1.2 km to Bright Academy  
- 1.6 km to UV Gullas Collge of Medicine  
- 2.2 km to University of San Carlos-Talamban 

The Opportunity:
For Investors, Residential buyers and Parents with Students studying nearby. 

This 1.2-hectare mixed use property development can cater the demand of the residential units itself, since there are offices, and corporate offices, malls and more in this mixed project. However, the vast array of businesses within the diameter is already needs a high demand for buyers and renters from employees of the Oakridge IT center across the street, the malls, business establishments and the many schools surrounding this project. 

Features:
- Separate and independent lobby 
- 4 elevators 
- 1.5m min. Corridor width 
- All units are combinable 
- Garbage Holding room per floor 
- 100% back up power 
- 24/7 CCTV security system 

Amenities: 
- Infinity pool and Kiddie pool 
- Function Rooms 
- Gym 
- Al Fresco Area 
- Rooftop Lounge/ Sky Deck 

A rental investor once said for studios..
" I will rent it out for 25k to 30k/mo when it is on turned over to me,
 pay the P14k/mo in bank amortization and P1,400/mo condo dues, and keep the rest. If i have a 8K remaning per unit and i have 10 units, then i earn P80K/mo passive income....After 20 years bank amortization, I earn the full amount of rental. P25k/mo times 10 units means 250,000 per month passive income.

Practically, the renters are paying for my amortization which is 80% of the value of the property. . every 7 years, i can also refinance to get more money from the appreciation of the property and I can buy more condo units. This gives me a direction.

While the rest are spending their hard earned money, I am building my passive income"