About the property
Our Real Estate Agency presents a recently refurbished industrial asset with a favourable design suitable for storage and distribution. The subject property is located in National Industries Park, Jabel Ali and is available for sale.
Size - Plot size: 165,027.32 sq ft & Current Built Up Area: 75,025.32 sq ft
Price: AED 37 million (negotiable)
Location: National Industries Park, Jabel Ali, Dubai, U.A.E.
Leasehold Term: 20 years (renewable for another 35+35 years).
Remaining Term: 15 years are remaining on the contract.
Age of Facility: The facility is 4 years old as of March 2024.
Tenancy Details:
Rental amounts for tenants in Linus Facility (TP) in NIP as per executed sub-lease contracts:
Tenant 1: Tenant A (FY 2025) - AED 1,168,513.14 (9 years remaining)
Tenant 2: Tenant B (FY 2025) - AED 1,832,700.00 (10 years remaining)
Tenant 3: Tenant C (FY 2025) - AED 324,973.32 (4 years remaining, under renewal with increase)
Total Rental (FY 2025) - AED 3,326,186.46 (5% increase built in as annual increase).
Facility is near brand-new with little-to-no wear and tear. State-of-the-art construction and maintenance is clearly visible.
Specification:
•Plot size: 15,331.54 sq. m/ 165,027.32sq ft
•Current Built Up Area: 6,970.08 sq m / 75,025.32 sq ft
•Additional built up area of 4,000 sq ft office space to be completed by Jan 2025. Potential to increase rental income by 180,000 AED per annum
•Proposed plan of a further 35,000 sq ft of warehouse to be built at the cost of the new owner approx. cost 2.5m AED.
•Potential to increase income from tenant 3 by more than 50%. (reduced rental for existing owner/tenant)
•Firefighting system installed
•Solar Panels (475 kilo watts)
•JAFZA yearly rental 650,000 AED
About Us:
Prime Capital is Dubai’s boutique real estate brokerage house, with the management having a combined experience of more than 40 years of Real estate in Dubai. We deliver service that provides integrity, professionalism and peace of mind to our clients.
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Posted on 13 August (3 months ago)
ID 68754
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