Est. Payment AED 75.2K/mo
Dubai Investment Park 2, Dubai Investment Park (DIP), Dubai
74,473 sqft
Leased Property| Partially temperature controlled
Please quote reference number: KF 306
Plot area approximately 11,772 sq m (126,720 sq ft)
Built up area extending to approximately 6,919.09 sq m (74,473 sq ft)
Fully fitted office approximately 1,240.55 sq m (13,353 sq ft)
16 roller doors
Eaves height is approximately 8.15 m
Firefighting sprinklers all throughout
Electrical load approx. 850 kW
Concrete flooring and insulated roof panels
Partially temperature controlled
Fully interlocked yard
Passing rent : AED 2,025,000 + VAT + Sublease fee
Passing rent : AED 2,025,000 + VAT + Sublease fee
Passing rent : AED 2,160,000 + VAT + Sublease fee
Lease commencement May 2023 – August 2026
Land rent paid to DIP approx. AED 530,000 per annum
Land lease expiry 2035, renewable for additional 30 years
Asking sale price: AED 19,000,000 (AED 255 per sq ft) exclusive of VAT and any other fees
Gross initial yield is 7.8%
Knight Frank is the leading independent global residential and commercial property consultancy, headquartered in London. Knight Frank has a strong presence in the Middle East with offices in Abu Dhabi, Dubai and Saudi Arabia.
Plot area approximately 11,772 sq m (126,720 sq ft)
Built up area extending to approximately 6,919.09 sq m (74,473 sq ft)
Fully fitted office approximately 1,240.55 sq m (13,353 sq ft)
16 roller doors
Eaves height is approximately 8.15 m
Firefighting sprinklers all throughout
Electrical load approx. 850 kW
Concrete flooring and insulated roof panels
Partially temperature controlled
Fully interlocked yard
Passing rent : AED 2,025,000 + VAT + Sublease fee
Passing rent : AED 2,025,000 + VAT + Sublease fee
Passing rent : AED 2,160,000 + VAT + Sublease fee
Lease commencement May 2023 – August 2026
Land rent paid to DIP approx. AED 530,000 per annum
Land lease expiry 2035, renewable for additional 30 years
Asking sale price: AED 19,000,000 (AED 255 per sq ft) exclusive of VAT and any other fees
Gross initial yield is 7.8%
Knight Frank is the leading independent global residential and commercial property consultancy, headquartered in London. Knight Frank has a strong presence in the Middle East with offices in Abu Dhabi, Dubai and Saudi Arabia.
Property Information
- TypeWarehouse
- PurposeFor Sale
- Reference no.Bayut - S182664
- CompletionReady
- Average Rent
- Added on6 October 2023
Trends
Mortgage
This property is no longer available
Knight Frank Real Estate
Agent:Maxim Talmatchi