Ladies Dormitory with fully occupied 31 bedrooms -very near Southwestern University, for sale @ P48M

FOR SALE: Fully occupied four-level ladies dormitory of 31 air-conditioned bedrooms, strategically located just very near PHINMA-Southwestern University in Urgello, Cebu City. This is also near USC -South Campus, Cebu Normal University, Asian College of Technology, Elizabeth Mall and Citi Mall.

Lot Area: 238 sq.m.
Building Floor Area: 920 sq.m.
Number of Floors: 3 levels plus the roof top
Age of the Building: roughly 8 years
Current Monthly Income: Php300k-310k

Old Selling Price: P50Million
New Selling Price: P48M
Sale Transaction: net listing
Buyer's account: capital gains tax, documentary stamp tax, notarial fee, and transfer expense
Seller's account: broker's fee

Dormitory Details:
* has 31 bedrooms including the unit for PWD
*Every floor level has 10 Air-Conditioned rooms furnished with table, chairs, built- in cabinets, bed, mattress and pillow,
* Each room has an individual toilet/bathroom with water heater,
*Each room will accommodate 4 persons,
* Each room has 2 double deck with foam & pillow,
*)Each room has 4 Cabinets for personal belongings and 1 outside cabinet for shoes & sleepers,
9) The building has its own deep wheel and water pump as main source of water together with an overhead water tank, but in case of pump failure there's an alternative MCWD water line,
10) Each room has an individual submeter for electricity and water meter,
11) Rental rate per room is P10K, so the 4 lodgers will only pay P2.5K every month