Property description
We are proud to offer a fresh entree in our huge stock of Retail Spaces in Dubai.
Are you looking to open a fine dining restaurant in Dubai?
Does it have to be in a 5* Hotel?
Does it have to be located in a most prime location in Dubai?
Bestington is ready with an option that fits all your expectations.
Location: Sh. Zayed Road
Sub-location: Close to DIFC
Valet Parking: available
Liquor license: available
Ceiling height: 6M
Condition: fully fitted
Recently closed
Size: 5,500 sq.ft
Rent Price: 3,300,000 AED/year
No. Chks: 2
Key Money: 3,000,000 AED
For disclosing location details and additional terms please provide:
- Letter of intent
- Non disclosure agreement
- Concept of the restaurant
Please contact Bestington office for further details on:Tel: +971 4 399 8170Direct Agent:+971 55 328 56 46 (Max Tlm)
Email: inquiry @ bestington.comORN: 16243BRN: 33414For more properties, please visit our website www.bestington.aeWhat is Key Money?KEY Money-In Dubai exists such a term as key money. This money are not paid to buy the property/ rent the property or buy the brand, rather to pay the old tenant to give up on his rent contact. Sometimes key money are as little as 200,000 Dhs. and sometimes it can come up to 6,000,000 Dhs or more, depending on the place.Lets take an example:
You rented a space two year ago in a prime location in Dubai, lets say in Fairmont hotel on Sheikh Zayed Road. In two years you were running your hotel successfully and got a famous name on the market. At this point you understand that your clients would come to your restaurant with no difference of where you are located, or you just need a bigger space. So you decide to move out from where you are, but you are the owner of the tenancy contract for next 5 - 10 years and you can open a new restaurant in this place, or you will decide to give the rent so anyone else. Would you give it for free? No - Why? Because there will be people offering money to give the space to them. And now you will say, who gives me more money, to that one I will hand over the rent. So the money that has to be paid to you as actual tenant, for you to move out and give up on rent are called key money.
Property Features :
- Valet Service
- Fully fitted kitchen
- On mid floor
- Shopping mall
- On low floor
- Central heating
- Carpets
- Public parking
- Balcony
- Shared swimming pool
- Restaurants
- Kitchen white goods
- Bank/ATM Facility
- Concierge service
- Shops
- Fully furnished
- Fitness Center
- Built in wardrobes
- Public transport
- Central air conditioning
- Metro station
- 24 hours Maintenance
- Basement parking
- Community View
- Gymnasium
- Broadband ready