Commercial Lot T. Arguelles near Araneta Ave. with dilapidated improvement For Bidding!

Lots 3 & 4, Blk 612, Psd-38199, No. 95 T. Arguelles St., Brgy. Doña Imelda, Quezon City


Lot area: 2,421.70 sqm


TCT no: 322087 / 322088

Commercial Lot with Improvement

The property is located about 50 meters away from the corner of Araneta Avenue and T. Arguelles Street. The building deemed to have no value due to its dilapidated condition.

Minimum bid price: Php 315,000,000.00


Interested buyers are required to fill out and submit the attached Letter of Intent form (LOI) on or before May 9, 2024, no later than 2:00 PM. This is a necessary step to join the online auction sale.

All properties are sold on an AS-IS-WHERE-IS basis!

The Seller sells only whatever rights and interests it has on the property as of the date of sale.  The buyer should conduct an ocular inspection on the property as well as due diligence with appropriate government agencies on the title covering the said property.  
 
Properties and prices are subject to change without prior notice.

The Seller reserves the right to pull out any properties from the list, as it deems necessary.

Inadvertent misprints shall neither alter the property's factual condition nor be deemed as a misrepresentation of the property.

Cash Term:      
25% Down Payment payable as follows:            
a). 10% upon submission of KYC/execution of sales documents;
b).  Additional 15% payable within seven (7)  days from the receipt of notice of approval or as indicated in the notice of approval;
            75% balance payable within 30 days from receipt of the notice of approval
 
Installment Term:    
25% Down Payment payable as follows:            
a). 10% upon submission of KYC/execution of sales documents;
b).  Additional 15% payable within seven (7)  days from receipt of notice of approval or as indicated in the notice of approval;
            75% balance payable as follows:
                        a). 10.0% fixed per annum for more than 1 to 5 years;
                        b). 12.0% fixed per annum for more than 6 to 10 years