This property is an ideal investment opportunity with 3 x long term tenants in place currently until 2029 to be extended. The NET ROI amounts to 7.9% after paying DIP land lease. The tenants are paying rent + Vat + 15% DIP rental tax. The tenants are paying all utilities and property service fees. The buildings are 2 years of age and the tenants have invested much in upgrading the property to being a very high-end facility. The tenants are very secure companies with a fantastic business track record.
Plot Size: 163,958 sqft / 15,237 sqm (Land lease with DIP)
Total BUA: 88,936 sqft / 8,265 sqm
Facility: 2 x large warehouses with G+1 office buildings
1 x G+1 Business Center
2 x security rooms
1 x Main entrance gate
1 x Exit gate
1 x Pump Room
50 + car parkings
Call Bee on +971 56 723 9970 for more details.
Company Name: E L I T E Property Brokerage LLC
Company Email: info@elitepropertydxb.com
Telephone Number: +971 4 770 1087
RERA ORN: 25831
Address: Off. 613, The Onyx Tower 1, The Greens(SZR), Dubai-UAE
RERA Permit #: 6565207340
