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10%ROI for 10 Years/ Corporate Guarantee

Bulk Sale Unit for Sale in Atlantis The Palm, Palm Jumeirah

Reference: morrowprop-1137130

Facts

Price
35,000,000 AED
Type
Bulk Sale Unit
Reference
morrowprop-1137130
Trakheesi Permit
0917355327
Area
24,000 sqft / 2,230 sqm

Amenities

Conference room
Covered Parking
Dining in building
Networked
Shared Gym
Shared Pool
Listed on: 3 months ago
Company:
Morrow Properties
BRN #:
32539
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Guaranteed 10% net income for 10 yrs (posted-dated cheques for 10 yrs)
Key facts:
- Bulk retails for sale in Palm Jumeirah, located among residential, hotel and hotel apartments community
- 12 shops,licensed for beach club, restaurants, spa, gym and others
- Direct access to the beach and swimming pool
- Retails to be operated by international operators including Mövenpik, and other known brands
- Total Built-up Area 24500 sq ft / 2305 sq m
- Asking price 35m
- Valued at AED 51m by an international valuation company
- Price per sq ft : AED 1430 per sq ft
- The seller will rent the retails for 10 years at 10 per cent net return (3.5M per a year) posted dated cheques to be paid for 10 yrs
- Net income - no service charge or maintenance to be paid by the new owner.
- The tenant will do the fitting-out at his cost
- The lease contract is renewable

This property is listed by Morrow Property Brokers,licensed by RERA under number 12943.

Call us for further details on: +971553108422.
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Company:
Morrow Properties
BRN #:
32539
View all our properties
Call now