10%ROI for 10 Years/ Corporate Guarantee
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 Mvenpik, and other known brands
- Total Built-up Area 24500 sq ft / 2305 sq m
- Asking price 35m
- Valued at AED 51m by an international valuation company
- Price per sq ft : AED 1430 per sq ft
- The seller will rent the retails for 10 years at 10 per cent net return (3.5M 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: .
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 Mvenpik, and other known brands
- Total Built-up Area 24500 sq ft / 2305 sq m
- Asking price 35m
- Valued at AED 51m by an international valuation company
- Price per sq ft : AED 1430 per sq ft
- The seller will rent the retails for 10 years at 10 per cent net return (3.5M 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: .
Property Information
- TypeBulk Unit
- PurposeFor Sale
- Reference no.Bayut - 107-Bu-S-0368
- CompletionReady
- Average Rent
- Added on4 July 2019
Features / Amenities
Balcony or Terrace
Parking Spaces
Swimming Pool
Centrally Air-Conditioned
+ 3 more amenities
Trends
Mortgage
Location & Nearby
Location
Schools
Restaurants
Hospitals
Parks
This property is no longer available
Morrow Properties
Agent:Salah Naji