Property Type: Running Garage with Business & License
Location: Al Quoz Industrial Area
Deal Type: Business for Sale
Ownership Type: Freehold Property (Can be purchased by any nationality)
Plot Size: 20,000 Sqft
Built-up Size: 16,000 Sqft (Including Warehouse & Office)
Power: 150 kW
Height: 8 meters
Number of Units: 1

Financials:
Annual Rent: AED 700,000 (Excluding all additional costs)
Tax: 20% of annual rent + 5% VAT
VAT: 5% of annual rent
Security Deposit: 10% of annual rent (Refundable)
Key Money Amount: AED 4,000,000 (One-time payment for garage setup, business, clients, and equipment)
Agency Fees: 10% of annual rent + 10% of key money amount

Usage:
Running Garage

Amenities:
Pantry
Washroom
Fire Fighting System
Fire Alarm System
24/7 Civil Defense Monitoring
Description:
This strategically located running garage in the Al Quoz Industrial Area spans a plot size of 20,000 square feet with a built-up area of 16,000 square feet, which includes warehouse and office space. The facility is well-equipped with a 150 kW power supply and an 8-meter height clearance, suitable for various automotive service operations.

The property is available on a freehold basis, allowing purchase by any nationality. The annual rent is AED 700,000, excluding additional costs such as taxes (20% of the annual rent + 5% VAT), VAT (5% of the annual rent), and a refundable security deposit (10% of the annual rent).

The key money amount is AED 4,000,000, covering the garage setup, business operations, existing client base, and equipment. Agency fees are calculated as 10% of the annual rent plus 10% of the key money amount.

The garage includes essential amenities such as a pantry, washroom, fire fighting and alarm systems, and 24/7 civil defense monitoring, ensuring a secure and functional working environment.

This property presents a unique opportunity for investors or entrepreneurs looking to enter the automotive service industry with an established business in a high-demand industrial area.

RGESTATE.COM a flagship venture by Riveria Global Group, stands as a trusted and dynamic player in the real estate domain. Committed to excellence, we specialize in connecting individuals and businesses with their ideal properties in Dubai and beyond. Our team of experienced professionals is dedicated to providing personalized and comprehensive real estate solutions, catering to diverse needs and preferences. With a focus on transparency, integrity, and client satisfaction, RGESTATE.COM continues to be a reliable partner for those navigating the vibrant and ever-evolving real estate landscape. Whether buying, selling, or leasing, we strive to make every property journey seamless and rewarding for our valued clients.