Office for sale

Life Time Investment Opportunity Rented for 5 years


AED 26,600,000
21,141 m²

Description

Onyx Tower is situated on main Sheikh Zayed road, right next to Emaar Business Park. This particular office is a full floor and is rented to a big corporate for 5 years. It is rented in One Cheque / Year. Third year has been started for the rent and next year rent will be increase for almost 10% and the year after 5%. The tenant has done fit out and spends millions in the fit out, which means they are not going to move out for the next 10 to 15 years.

Current Return on Investment (ROI) is 9.1% and it will goes more than 10%.

Amazing opportunity if you are looking for a long term fixed rental income.

This prestigious building is a Grade A building with Jumeirah hotel attached to it. The building offers very good retail mix, which consists of Food and Beverages, supermarket, Salon, Clinic, Pet shop and many other activities. This floor has 360% views of Emaar business Park, Golf course, Sheikh Zayed road and Marina Skyline as well.

Company name: Coldwell Banker
RERA ORN: 1201
Address: Office 1211, Onyx Tower 1, Greens, Dubai
Office phone no: +97143825000


PROPERTY FEATURES:
-Basement parking
-Central air conditioning
-View of golf course
-24 hours Maintenance
-Bank/ATM Facility
-Beach Access
-Bus services
-Business Center
-Metro station
-Public park
-Public transport
-Restaurants
-Shops

Categories

Offices
Call
Property reference
CWB-S-10502
staff

Farhan Siddiqui