Property Id : MAK PP 2511

Property Details: Warehouse with Mezzanine Floor Office for Sale in Al Quoz

Location: Al Quoz

Property Type: Warehouse with Mezzanine Floor Office (Independent)

Ownership Type: Leasehold (Property Renewal Every Year)

Deal Type: Sale

Selling Price: AED 45,000,000 (Net to Owner)

Financials:
Current Land Lease: AED 224,000 per year
Net Income: AED 2,500,000 per year
Return on Investment (ROI): 5.55%
VAT: As Applicable (Paid by Buyer)
Transfer Charge: AED 50,000 to AED 100,000 (Paid by Buyer)
Admin Fees: As Applicable (Paid by Buyer)
Security Deposit: As Applicable (Paid by Buyer)
Agency Fees: 2% of Selling Price (Paid by Buyer)

Specifications:
Plot Area: 56,000 Sqft
Build-up Size: 50,000 Sqft
Power: 400 kW
Height: 10 M
Number of Units: 9 Nos

Amenities:
Insulation
Sprinkler System

Additional Information:
The property is currently rented and comprises a spacious 50,000 sqft warehouse with a mezzanine floor office.
The leasehold ownership allows for annual property renewal.
The selling price is AED 45,000,000, providing a net income of AED 2,500,000 per year with a solid ROI of 5.55%.
The plot area is 56,000 sqft, featuring a well-designed build-up area of 50,000 sqft.
The warehouse is equipped with a substantial power supply of 400 kW, making it suitable for various industrial purposes.
The height of the warehouse is 10 meters, offering ample vertical space for storage and operations.
There are a total of 9 units, providing flexibility for different business needs.
Amenities include insulation for temperature control and a sprinkler system for fire safety.
Financial responsibilities such as VAT, transfer charges, admin fees, security deposit, and agency fees are to be borne by the buyer, as specified.

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