Investor invited for new building MEP Works completion and long term lease (10 years)
✓Investment of AED 650k under legal terms with long term lease for 10 years
✓Refundable security deposit AED 50k cash - will be refunded upon cancellation of lease contract
✓Payment to owner from year 2-6 is AED 30000 per year
✓From year 7-10 (130k for owner and balance for partner) 50/50
✓The building is complete as per construction and only MEP is to be done
✓legal NOC / POA will be provided
The building is in good community near to schools’ area and gathered with families building. Further details are as below:
G+3 COMMERCIAL BUILDING WITH ESTIMATED ANNUAL INCOME OF AED 270K
1 BED ROOM FLAT = 7 Nos. SIZE(330 X 340)
STUDIO FLAT = 11 Nos. SIZE(460 X 440)
WATCHMEN ROOM = 1 Nos. SIZE(350 X 480)
LIFT AVALABLE
For viewing please contact
✓Refundable security deposit AED 50k cash - will be refunded upon cancellation of lease contract
✓Payment to owner from year 2-6 is AED 30000 per year
✓From year 7-10 (130k for owner and balance for partner) 50/50
✓The building is complete as per construction and only MEP is to be done
✓legal NOC / POA will be provided
The building is in good community near to schools’ area and gathered with families building. Further details are as below:
G+3 COMMERCIAL BUILDING WITH ESTIMATED ANNUAL INCOME OF AED 270K
1 BED ROOM FLAT = 7 Nos. SIZE(330 X 340)
STUDIO FLAT = 11 Nos. SIZE(460 X 440)
WATCHMEN ROOM = 1 Nos. SIZE(350 X 480)
LIFT AVALABLE
For viewing please contact
Property Information
- TypeResidential Building
- PurposeFor Rent
- Reference no.Bayut - 11198-vvVdoC
- Added on4 November 2023
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This property is no longer available
Moaza Albalooshi Real Estate
Agent:Usman Awan