The place of choice to gas-up, work and exhibit a strong will
to win in the marketplace and in every aspect of our business.
December 12, 2020
To: Mr. Reynaldo C. Yap
Lot owner
Dear Sir:
We have initially evaluated your property located at M.H Del Pilar, Panghulo, Malabon
based on the limited data that was supplied to us. Based on this, management has authorized a
non-binding offer of:
LOT AREA Approx. One Thousand Forty-One Square Meters (1,041 sqm.)
FRONTAGE 25.1 meters (M.H Del Pilar)
LEASE PERIOD Fifteen (15) Years
LEASE RATE Php120,000.00 monthly rental (VAT Exclusive less withholding tax)
ESCALATION 5% starting on the 2nd year to 15th year
SECURITY DEPOSIT 4 Months
ADVANCE RENTAL 2 Months
RENT FREE-GRACE PERIOD 3 Months upon notarized of contract of lease
Upon expiration of the Grace Period or actual operation of the Jade Blue
EFFECTIVITY OF LEASE
Gas Station, whichever comes first
- Taxes on improvements and equipment shall be for the account of the
LESSEE while taxes on the land shall be for the account of the LESSOR.
- Lot owner to assist in securing Barangay permit allowing a service
station facility on the site.
OTHERS
- Lot owner to demolish existing structures and obstruction located
inside and along the frontage of the property.
- Tax declaration classification must be converted to COMMERCIAL and
for the account of the LESSOR
For your lot which we will lease and is subject to conclusion of a full due diligence process. The
offer takes into consideration our internal CAPEX hurdle rate and payback period. Furthermore,
this valuation is also based on the assumption that we are only going to lease the property.
Please consider giving us exclusivity to tender for your property for a maximum period of fifteen
(15) days, during which we will conduct and complete the due diligence exercise.
Kindly affix your signature if you are in agreement.
Sincerely yours,
HEAD OFFICE: Unit 1104 ANNAPOLIS WILSHIRE PLAZA CONDOMINIUM
11 Annapolis, San Juan City, Metro Manila 1502
Mobile: 0917-5322360
Telephone: (02) 8-3657733
Email:
[email protected] The place of choice to gas-up, work and exhibit a strong will
to win in the marketplace and in every aspect of our business.
JADE BLUE PETROLEUM, INC.
LOUIE S. ACOSTA
Retail Network Developer - Head Conforme:
WILLIAM C. LEE LESSOR
President Date:________________
Jade Blue Petroleum, Inc.
HEAD OFFICE: Unit 1104 ANNAPOLIS WILSHIRE PLAZA CONDOMINIUM
11 Annapolis, San Juan City, Metro Manila 1502
Mobile: 0917-5322360
Telephone: (02) 8-3657733
Email:
[email protected] The place of choice to gas-up, work and exhibit a strong will
to win in the marketplace and in every aspect of our business.
RENTAL SCHEDULE
Period Monthly Withholding Net Monthly
Year ESCALATION VAT Total
Covered Rental Tax Rental Due
Php120,000.0 134,400.
2020 1st Year Php14,400.00 -Php6,000.00 Php128,400.00
0 00
Php126,000.0 141,120.
2021 2nd Year 5% Php15,120.00 -Php6,300.00 Php134,820.00
0 00
Php132,300.0 148,176.
2022 3rd Year 5% Php15,876.00 -Php6,615.00 Php141,561.00
0 00
Php138,915.0 155,584.
2023 4th Year 5% Php16,669.80 -Php6,945.75 Php148,639.05
0 80
Php145,860.7 163,364.
2024 5th Year 5% Php17,503.29 -Php7,293.04 Php156,071.00
5 04
Php153,153.7 171,532.
2025 6th Year 5% Php18,378.45 -Php7,657.69 Php163,874.55
9 24
Php160,811.4 180,108.
2026 7th Year 5% Php19,297.38 -Php8,040.57 Php172,068.28
8 85
Php168,852.0 189,114.
2027 8th Year 5% Php20,262.25 -Php8,442.60 Php180,671.69
5 30
Php177,294.6 198,570.
2028 9th Year 5% Php21,275.36 -Php8,864.73 Php189,705.28
5 01
Php186,159.3 208,498.
2029 10th Year 5% Php22,339.13 -Php9,307.97 Php199,190.54
9 51
Php195,467.3 218,923.
2030 11th Year 5% Php23,456.08 -Php9,773.37 Php209,150.07
6 44
Php205,240.7 229,869. -
2031 12th Year 5% Php24,628.89 Php219,607.57
2 61 Php10,262.04
Php215,502.7 241,363. -
2032 13th Year 5% Php25,860.33 Php230,587.95
6 09 Php10,775.14
Php226,277.9 253,431. -
2033 14th Year 5% Php27,153.35 Php242,117.35
0 24 Php11,313.89
Php237,591.7 266,102. -
2034 15th Year 5% Php28,511.02 Php254,223.22
9 81 Php11,879.59
HEAD OFFICE: Unit 1104 ANNAPOLIS WILSHIRE PLAZA CONDOMINIUM
11 Annapolis, San Juan City, Metro Manila 1502
Mobile: 0917-5322360
Telephone: (02) 8-3657733
Email:
[email protected]
