Commercial Property for Sale in Capitol Site, Cebu City

The former Verbena Hotel building is available for sale along Don Gil Garcia Street in Capitol Site, Cebu City. With a stated 484-square-meter lot and a reported 45-room layout, the property presents an opportunity for buyers evaluating an existing commercial building in an established urban location.

The property is being offered at ₱180,000,000, net of taxes, according to the seller. The seller also states that the property is titled and that hotel operations have ceased.

For buyers considering hospitality-related property, commercial redevelopment, or another suitable use, the next step is to assess the building’s condition, floor area, title documents, and applicable land-use and building regulations.

Property Details

Property details are based on information provided by the seller and should be independently verified. The stated lot area does not represent the building’s total floor area.

Location: Don Gil Garcia Street, Capitol Site

The property is situated in Capitol Site, Cebu City, near established urban amenities and important local destinations.

Nearby location references include:

• Chong Hua Hospital — a major medical facility in the surrounding area.
• Fuente Osmeña Circle — a prominent Cebu City landmark.
• Robinsons Plaza — a shopping and commercial destination.
• Cebu Doctors’ University Hospital and surrounding medical establishments — additional medical-related destinations in the broader area.

The location may be relevant to buyers evaluating a commercial property near medical facilities, urban services, and established city destinations. Buyers should assess access, visibility, parking, surrounding land uses, and the property’s suitability for their intended operation.

Potential Uses to Evaluate

Given its reported history as a hotel, the building may be worth assessing for hospitality-related use or another compatible commercial purpose. However, its former use does not automatically mean that the property can reopen as a hotel or be converted to another use without further approvals.

Depending on the building’s condition, legal status, physical layout, and applicable regulations, a buyer may evaluate:

• Re-establishing a hospitality operation, subject to the necessary inspections, permits, and licensing.
• Other accommodation-related uses, subject to applicable requirements.
• An alternative commercial use, subject to zoning, building regulations, and any required renovation or change-of-use approvals.

A technical inspection and review of the property’s documentation should precede any redevelopment decision.

Asking Price and Sale Information

The asking price is ₱180 million, net of taxes, according to the seller.

Before making an offer, interested buyers should confirm the applicable tax allocation, transaction expenses, title status, building documentation, and any obligations or restrictions affecting the property.

The seller’s reported room count and title status should also be verified during due diligence.

Frequently Asked Questions About Verbena Hotel for Sale

1. Where is Verbena Hotel located?

Verbena Hotel is located at 584 Don Gil Garcia Street, Capitol Site, Cebu City, Philippines. Nearby landmarks include Fuente Osmeña Circle, Chong Hua Hospital, and Robinsons Plaza.

2. What is the asking price of the Verbena Hotel building?

The asking price is ₱180,000,000, net of taxes, according to the seller. Interested buyers should confirm the applicable tax allocation and transaction expenses.

3. How large is the property?

The property has a stated lot area of 484 square meters. The building’s total floor area should be confirmed through the available building plans and property documents.

4. How many rooms does the former hotel have?

The seller’s information states that the building has 45 rooms. Buyers should verify the room count and existing layout during inspection.

5. Is Verbena Hotel still operational?

According to the seller, the hotel is no longer operational. Buyers should therefore evaluate it as a former hotel building rather than assume that an operating hotel business is included in the sale.

6. Can the building be reopened as a hotel?

Potentially, subject to verification. A buyer would need to assess the building’s physical condition, applicable zoning and building regulations, and the permits and licenses required for the intended operation. Its previous use does not guarantee approval to reopen.

7. Can the property be converted to another commercial use?

Alternative uses may be worth evaluating, depending on the property’s permitted uses, building condition, physical layout, and applicable regulations. Buyers should verify feasibility and any required change-of-use approvals before committing to a redevelopment plan.

8. Is the property titled?

The seller describes the property as titled. Buyers should independently verify the title, registered ownership, encumbrances, and other relevant documents through appropriate due diligence.

9. How can interested buyers request more information or arrange an inspection?

Contact MetroCebu.net to request the available property references and discuss an inspection. Buyers should review the title, lot plan, building floor area, technical condition, and intended-use requirements before proceeding.

Request Property Details or Arrange an Inspection

Interested buyers may contact MetroCebu.net to request the available property references and discuss the next steps.

For a property of this value, an initial review should cover the title, lot plan, building floor area, structural and building-system condition, current legal status, and feasibility of the buyer’s intended use.

Contact us to discuss whether the former Verbena Hotel building fits your commercial property requirements.