Unique Investment opportunity to acquire this income generating HQ building in the heart of Deira directly beside Al Ghurair Centre.
Summary
- Income Generating Investment
- Company HQ building
- Prime Location
- High Quality Single Tenant for Offices
- 2x Retail units leased to Office Tenant and Bank
- Current Tenancy for Offices 2020-2029 (five year break with six month notice)
- Annual Income Circa AED 4.6m
Accommodation
The accommodation comprises of the following, with Oman Insurance Company as the main tenant occupying the office space and one retail space. Mashreq Bank occupying the second retail unit.
| Name | Sq ft | Sq m | Availability |
| Ground - Retail - OIC & Mashreq tenants (3,925 sq ft. x2) | 7,850 | 729.29 | Let |
| Mezzanine | 7,850 | 729.29 | Let |
| 1st | 7,850 | 729.29 | Let |
| 2nd | 7,850 | 729.29 | Let |
| 3rd | 7,850 | 729.29 | Let |
| 4th | 7,850 | 729.29 | Let |
| 5th | 7,850 | 729.29 | Let |
| 6th | 7,850 | 729.29 | Let |
| Total | 62,800 | 5,834.32 |
Further Information
Price AED 70,000,000
Rates Payable Upon Enquiry
Service Charge Upon Enquiry
Description
Fully tenanted building for sale with single tenant for offices and retail (1). additional quality tenant for retail (2).
Current Tenancy 2020-2029 (5 year break with 6 months notice).
Building Maintenance & Security Costs approx. AED 392k PA
- Security 117,000 pa
- Soft services 50,000 pa
- FM services 225,100 pa
Owners paying 40% for Dewa bill for common areas (chiller , elevator , lights etc.) tenant paying 60% as per contract. DEWA bill includes electricity and cooling and there are no other utility charges payable by the building owner.
Please contact for viewings. JLL - 00971 564667203
Gallery
