comparable-1
Same building - Lower floors₱33,600.00Property Overview
Project Selling
Ready for Occupancy / Ready for Use
Commercial
Office Space
ZEN TOWERS is a premium mixed-use condominium development located in the heart of Manila offering both residential and commercial spaces. Tower 2, completed in 2012, offers modern office and commercial units with high-quality finishes. The property features corporate fitted units with ready partitions, contemporary design, and comprehensive amenities. Conveniently situated opposite SM City Manila in Ermita, the development provides an ideal location for businesses seeking professional office spaces in a central Manila business district.
Location & Neighbourhood
- Full Address1111 Natividad A. Lopez St., Brgy. 659-A Zone 79 District 5, Ermita
- SubdivisionErmita
- City / MunicipalityCity of Manila
- ProvinceMetro Manila
- Zip Code1000
- Walkability Score85
Nearby Places
- SM City ManilaLess than 100 meters1 minute walk
- Robinsons Manila800 meters11 minutes
- Adamson University200 meters2 minutes walk
- Philippine General Hospital2 kilometers9 minutes
- Manila City Hall1.5 kilometers8 minutes
- Binondo District3 kilometers15 minutes
About the Neighbourhood
Located in the vibrant heart of Manila's business and cultural district, Zen Towers offers prime access to major commercial centers, educational institutions, and government offices. The Ermita area is known for its thriving business environment, cultural attractions, and excellent public transportation connectivity. The property sits in a highly developed zone anchored by SM City Manila and Manila City Hall.
Flood Risk Information
Ermita is located in a relatively low flood risk area, though seasonal flooding can occur in some parts of Manila. The property benefits from its elevated position and modern drainage infrastructure.
Legal Documentation
Clear Title
Yes
Occupancy Permit
Yes
Zoning Information
Commercial-Mixed Use Zone (NR Classification). Property falls under commercial real estate classification suitable for office and business use.
Additional Information
- Reason for SellingInvestment opportunity in prime commercial real estate with high rental potential and appreciation prospects
- Pet PolicyCommercial office units - Standard business policies apply
- Renovation HistoryTower 2 completed in 2012 with modern construction standards and ongoing maintenance
- Storage SpacesAdditional storage available in basement levels for commercial clients
- Cultural HeritageLocated in historic Ermita district, home to cultural institutions and government offices
- Accessibility NotesDesigned for commercial office use with standard accessibility features. Proximity to major public transportation (LRT, buses) provides excellent accessibility for clients and employees.
Market Insights
Comparative Listings
comparable-2
Ermita commercial district₱39,952.00Rental Potential
11.07%
Expected annual rental yield
Historical Price Trends
Zen Towers property values have shown steady appreciation since completion in 2012. Located opposite SM City Manila and anchored by Manila City Hall, the area is immune to urban decay. Commercial rates in Ermita have maintained stability with consistent rental demand from businesses.
Future Development Plans
The Ermita district continues to see commercial development with proximity to major business districts. SM City Manila's ongoing operations and renovations support continued commercial viability. Infrastructure improvements in Central Manila further enhance the property's long-term value.
Reviews & Feedback 4.2
(3 reviews)
Commercial Property Investor June 15, 2023
Excellent ROI potential with average annual returns of 11%+. Professional management and prime location make it a solid investment.
Business Tenant May 20, 2023
Modern facilities and excellent security. Great central location with easy access to SM Manila and nearby universities.
Office Manager April 10, 2023
Professional office environment with good amenities. CUSA fees and parking costs are reasonable for the location.