best deal in town; Shopping Centre for sale in DIP with 11% ROI

DIP Shopping Centre

Property Details:

Location Dubai Investment Park

Plot #

Total Land Extend: 133,077 Sqft

Total Build Up Area: 102871 Sqft

Commencement Date of land lease period in DIP: October 2005

Lease Period 30 years fully paid.

No of Blocks - 2 Nos

Block A 40,302.58 Sqft ( G + M - offices & Shops )

Block B - 62,568.42 Sqft ( G + M Cash & Carry Hypermarket )

Age of the building 09 years

No of car parking : 132

Fully Rented : Yes

Any hidden charges other than Transfer Charges :- 2% in Dubai Land Department - AED 2000/- to get Affection Plan & While transferring the property to a new buyer DIP may increase up to 20% on the Land rent ( Its exclusively decided in DIP office)

Transfer charges : 4%

Possible to get mortgage We need to check ( Not confirmed )

Have the cheques for rental been taken in advance - YES

The rental agreement is available until 2035 - YES

Rented: 4.2 million each year for 15 years

Sale Price: 42 million

Call for further detail:

Abbas:

Property Information

TypeCommercial Building
PurposeFor Sale
Reference no.Bayut - 2063-Cb-S-0789
CompletionReady
Average Rent
Added on2 June 2021

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