Property Details:
Property Type: Warehouse with Mezzanine Floor (Independent)
Ownership Type: Leasehold property - Renewal Every Year
Location: Al Qusais
Deal Type: Sale

Property Specifications:
Plot Area: 10,000 Sqft
Built-up Size: 7,500 Sqft
Number of Units: 3 Nos
Height: 7 M
Power: 120 kW

Financial Details:
Selling Price: AED 3,500,000 /- (Net To Seller)
Land Lease: AED 40,000 /- per year
Rental Income: AED 225,000/- per year
Net Income: AED 185,000 /- per year
ROI: 5.28%
VAT: 5% of Selling Price (if applicable, Paid by Buyer)
Transfer Fees: AED 30,000 to AED 50,000 (Depends on Property Valuation and DREC)
Admin Fees: As per DREC, Paid by Buyer
Security Deposit: As per DREC, Paid by Buyer
Agency Fees: 2% of Selling Price, Paid by Buyer

Usage:
Commercial, Industrial, and Storage

Amenities:
Insulation

Description:
Discover an excellent investment opportunity with this rented 7,500 sqft warehouse featuring a mezzanine floor, located in the thriving district of Al Qusais. This independent property, available for sale, presents a lucrative deal with a leasehold ownership structure renewable every year.

Key Features:
1) Strategic Location: Situated in Al Qusais, the property benefits from a strategic location offering convenient access to key transportation routes, enhancing business efficiency.
2) Versatile Usage: Ideal for commercial, industrial, and storage purposes, the warehouse boasts a plot area of 10,000 sqft and a built-up size of 7,500 sqft.
3) Multiple Units: With three independent units, this property provides flexibility for different business needs or potential rental income streams.
4) Height and Power Capacity: The warehouse features a generous height of 7 meters and a power capacity of 120 kW, accommodating various storage and industrial requirements.
5) Stable Income: Enjoy a steady income with a net income of AED 185,000 per year, offering a solid return on investment (ROI) of 5.28%.

Investment Opportunity:
Seize the opportunity to own this well-maintained warehouse with a mezzanine floor, generating stable income in Al Qusais. Contact us for further details and to schedule a site visit. This property is designed to cater to a diverse range of commercial and industrial activities.

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.