Investment Property in Virra 1 Condominium, Poblacion, Makati

FOR SALE: Furnished Investment Unit at Virra I Condominium, Poblacion, Makati

• Studio-type condominium unit
• 38.19 sq.m., more or less
• With dining/kitchen area
• Living and sleeping area
• One toilet and bath
• With balcony
• Furnished
• Airbnb and short-term rentals allowed, subject to current building rules and registration requirements
• Gross Asking Price: ₱2,800,000
• The building has no parking facility

INVESTMENT POTENTIAL

The owner reports that the unit was previously leased at ₱35,000 per month.

• Monthly gross rent: ₱35,000
• Annual gross rent: ₱420,000
• Indicative gross rental yield: 15% per year
• Indicative gross payback period: approximately 6.67 years

ABOUT VIRRA I LUXURY APARTMENT

Virra I Luxury Apartment Condominium is an established residential building along P. Burgos Street in Poblacion, Makati. Its central location provides convenient access to Makati Avenue, Century City, Rockwell Center, and the Makati Central Business District, as well as the restaurants, shops, offices, and entertainment establishments surrounding Poblacion.

The building is designed for practical city living and offers essential features such as 24-hour security, CCTV monitoring, elevators, a backup generator, an automatic sprinkler system, and a garbage chute. Retail and commercial establishments are also located within or around the building.

Airbnb and other short-term rentals are allowed, subject to the building’s current registration procedures, house rules, and administrative requirements. This provides owners with the flexibility to operate the unit for short-term accommodation or offer it under a traditional long-term lease.

Virra I does not have its own parking facility. Residents, tenants, or guests requiring parking must arrange and lease a space separately in a nearby building, subject to availability.

Unlike newer developments that command significantly higher acquisition prices, Virra I’s investment appeal lies in its central Makati location, comparatively spacious unit cuts, accessible acquisition cost, and potential for both short-term and long-term rental income.