Fay real estate offer a good investment options, we are pleased to offer you an amazing investment opportunity in International City , exclusively listed with us for sale which came on the market a week ago and attracting lot of interest among the investors / buyers. The details are attached along with some key information below.
Residential Building G+4 ,24 Studio , 20 one Bedroom, 8 shops..
Building
Building : Morocco, Total Built Up Area: 51,796 sqft, Current Rent: AED:2,300,000 sale Price : AED:26,000,000.00 Mil
• It has a single title deed and a single owner
• All the apartments and 2 shops are rented to a single tenant which is a hotel for their staff and they are willing to continue as a tenant
• The tenancy contract has just been renewed this month of October which will be refunded to the new owner on pro-rata basis
• It’s a well-managed building with maintenance contracts in place which makes it hassle free for the investor to maintain the property
• Well maintained property achieving 8.3 % net & 8.5% gross Income.
• Single corporate tenant.
• As the new shopping mall opens up in 2015, these properties will be high in demand and will benefit from genuine spike in rental values.
NOTE: Kindly NO Agents
For more information and queries, please free to contact 04 369 7336
Contact Agent: +97155 8557027
COMPANY DETAILS:
FAY is one of the UAE's leading Real Estate companies in Dubai, offering a vast selection of residential and commercial property for sale and lease in the region. Whether you are looking for an apartment, villa, town house, office or retail space for sale or to rent we have something to offer you...
As we have a long-time presence in real estate business, we know how much of effort it takes to find suitable property. Our Business has consistently achieved high marks in both rental and selling aspects of the service. Our main focus on Dubai properties, we can provide you with expert advice on your Dubai and UAE property requirements.
For any information about buying, selling or leasing a property in the UAE, please do not hesitate to contact us today for some expert and independent advice. Our knowledgeable sales and rental team is on hand to assist you with all your Dubai real estate requirements.
Concord Tower, Off NO: 3605
Dubai Media City
Tel: +9714 369 73
Fax: +9714 369 9796
P.O.BOX 502219
ORN: 12384
BRN: 28931