Listed: 7 months ago
40,000,000 AED

12 Retails at 10 % Net Return for 10 yrs

The property

Bulk Sale Unit for Sale in Palm Jumeirah

Price
40,000,000 AED
Type
Bulk Sale Unit
Reference
morrowprop-979160
Trakheesi Permit
Issued to RERA registered companies and Dubai developers as confirmation of their right to advertise properties
0917355327
Furnishings
Furnished
Area
24,000 sqft / 2,230 sqm

Amenities

Conference room
Covered Parking
Networked
Shared Gym
Shared Pool

Agent details

View profile

Salah Naji

Property Consultant

Description

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 45m
- Valued at AED 50m by an international valuation company
- Price per sq ft : AED 1835 per sq ft
- The seller will rent the retails for 10 years at 10 per cent net return (4.5 M 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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Palm Jumeirah, Dubai

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