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 8,000,000 (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: 9.21%
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 9.21%.

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.

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.