Property Overview:
A prime warehouse property, currently rented to multiple tenants, available for sale in Umm Ramool. This leasehold property is an excellent investment opportunity with a steady rental income and a promising ROI.

Key Features:
Property Type: Warehouse (Rented to Multiple Tenants)
Location: Umm Ramool
Deal Type: Sale
Ownership Type: Leasehold Property (Renewable Every Year)

Financial Details:
Selling Price: AED 10,000,000 (Net to Owner)
Current Land Lease: AED 163,000 (Payable to DREC Every Year)
Rental Income: AED 900,000 per year
Net Income: AED 737,000 per year
ROI: 7.37%
VAT: 5% of Selling Price
Transfer Charge: AED 50,000 to AED 100,000 (Approximate)
Agency Fees: 2% of Selling Price (Paid by Buyer)

Property Specifications:
Plot Size: 40,000 Sqft
Built-up Size: 30,000 Sqft
Power: 120 kW
Height: 7 M
Number of Units: 8

Usage:
Industrial
Commercial
Storage

Amenities:
Pantry
Washroom
Fire Fighting Systems
Fire Alarm
Civil Defense - 24/7

Description:
This warehouse in Umm Ramool spans a plot size of 40,000 sqft with a built-up area of 30,000 sqft. It is rented to multiple tenants, ensuring a stable rental income of AED 900,000 per year with a net income of AED 737,000, resulting in a return on investment of 7.37%.

The property features 8 units, each equipped with essential amenities such as a pantry, washroom, and comprehensive fire safety systems, including fire fighting and fire alarms. The warehouse has a power capacity of 120 kW and a height of 7 meters, making it suitable for various industrial, commercial, or storage uses.

Financially, the buyer will be responsible for a 5% VAT on the selling price, transfer charges ranging from AED 50,000 to AED 100,000, and agency fees amounting to 2% of the selling price. The annual land lease is AED 163,000, payable to DREC.

Conclusion:
This property represents an attractive investment opportunity in the bustling industrial area of Umm Ramool. With its substantial rental income, excellent ROI, and comprehensive amenities, it is well-suited for investors looking to capitalize on the thriving industrial and commercial market.

Contact Us:
For more information or to schedule a viewing, please contact us. Secure your investment in Umm Ramool with this well-maintained and income-generating warehouse property.

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