Director

Thomas Thacker

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Unique Investment opportunity to acquire this income generating HQ building in the heart of Deira directly beside Al Ghurair Centre.<ul><li>Income Generating Investment</li><li>Company HQ building</li><li>Prime Location</li><li>High Quality Single Tenant for Offices</li><li>2x Retail units leased to Office Tenant and Bank</li><li>Current Tenancy for Offices 2020-2029 (five year break with six month notice)</li><li>Annual Income Circa AED 4.6m</li></ul><h2>Description</h2>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 &amp; 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

Summary

Mashreq Bank Building, Deira

Dubai

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Mashreq Bank Building, Deira

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