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Life Time Investment Opportunity, Rented for 5 years

Office Space for Sale in The Onyx Tower 2, The Onyx Towers

Reference: CWB-S-10502

Facts

Price
29,000,000 AED
Type
Office Space
Reference
CWB-S-10502
Trakheesi Permit
Issued to RERA registered companies and Dubai developers as confirmation of their right to advertise properties
1507166084
Area
21,141 sqft / 1,964 sqm

Amenities

Covered Parking
Dining in building
Listed: more than 6 months ago
Company:
Coldwell Banker
ORN# Office Registration Number given to each RERA-registered real estate company in Dubai
1201
BRN# Broker Registration Number issued to agents working for RERA-registered brokerages in Dubai
8734
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Onyx Tower is situated on main Sheikh Zayed road, right next to Emaar Business Park. This particular office is a full floor and is rented to a big corporate for 5 years. It is rented in One Cheque / Year. The rent is fixed for the first 2 years and then there is an increase of 5% every year. The tenant has done fit out and spends millions in the fit out, which means they are not going to move out for the next 10 to 15 years.

Current Return on Investment (ROI) is 8% and it will goes up to 9.26%.

Amazing opportunity if you are looking for a long term fixed rental income.

This prestigious building is a Grade A building with Jumeirah hotel attached to it. The building offers very good retail mix, which consists of Food and Beverages, supermarket, Salon, Clinic, Pet shop and many other activities. This floor has 360% views of Emaar business Park, Golf course, Sheikh Zayed road and Marina Skyline as well.

Coldwell Banker-UAE Business Bay, Citadel Tower, Office 2804, PO Box 73618, Dubai, UAE 971 4 4391200 971 4 4391299
www.coldwellbanker.ae
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Company:
Coldwell Banker
ORN# Office Registration Number given to each RERA-registered real estate company in Dubai
1201
BRN# Broker Registration Number issued to agents working for RERA-registered brokerages in Dubai
8734
View all our properties
Call now