Bayut - colliersdxb-100012340

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AED1,814,675

Yearly

European Business Center, Dubai Investments Park 1, Dubai Investments Park (DIP), Dubai

2,110 sqft

Prime Sports Lounge & F&B Venue on A Premium Area

An excellent opportunity for established F&B operators, restaurant groups, café owners, retail brands and businesses looking to secure a spacious commercial premises at European Business Centre. Offering a generous total area of 12,515 sq. ft. , the premises provide flexibility for a variety of business concepts, including restaurants, cafés, casual dining, specialty food outlets, lifestyle retail and other commercial retail operations.
The existing layout includes several internal rooms, washroom facilities and a designated café area, providing a useful starting point for businesses looking to establish their operations.

Property Highlights
• Total Area: 12,515 sq. ft.
• Suitable for F&B, restaurant, café and general retail concepts.
• Existing internal room layouts.
• Washroom facilities.
• Designated café area.
• Approximately 15 parking spaces (1 parking space per 850 sq. ft. ).

Leasing Details
• Rental Rate: AED 145 per sq. ft. per annum.
• Service Charge: AED 32 per sq. ft. per annum (DEWA and utilities included).
• Minimum Lease Term: 3 years.
• Payment Terms: 4 cheques.
Rental Escalation
• Year 1: AED 145 per sq. ft.
• Year 2: 5% escalation.
• Year 3: Additional 5% escalation.

Additional Charges & Terms
• Security Deposit: 10% of Year 3 annual rent after escalation.
• Commission: 10% + VAT.
• NOC Fee: AED 525.
• Ejari Fee: AED 180.
• Service charges payable upfront for each calendar year.

An excellent opportunity for F&B operators and retail businesses seeking a large commercial space with dedicated parking, existing facilities and flexibility to accommodate a variety of business concepts.