Occupying Tenants lease the full block.
Rental income is net of all costs other than the building insurance.
Asking price- 38m AED
Net rental income- 3.2m AED
Number of units- 75
Break down- 10x studios, 45x 1 bedrooms, 20x 2 bedroom
Net return- 8.42%
Construction completion- 2021
Location- Dubai industrial city, Dubai World Central
The rental income increases every year in line with the government rental Index
The tenant pays all service charges and maintenance costs
The tenants have invested their own funds into security and maintenance of the property during the tenancy period.
The tenant has occupied the building for two years. The company has been established for 10 years now.
They have taken the tenancy on for the whole building.
Link to photo’s and video: Click Here
Buyers Fee of 1.5% applicable.