Commercial Building For Sale | 90% Occupied | DIP

Bayan Business Centre, Dubai Investment Park (DIP), Dubai

80,000,000 AED

Est. Mortgage 282,304.022 AED/mo*

Property Type: Whole Building
Bathrooms: 0
Property size: 236354 Sqft
Completion Status: Completed
Trakheesi Permit: 1315107290

Location

Map

Property Amenities

Basement parking
Broadband ready
Carpets
Central air conditioning
community view
Gymnasium
Intercom
Marble floors
Satellite/Cable TV
Storage room
Upgraded interior
24 hours Maintenance
Business Center
Concierge Service
Fitness Center
Public parking
Public transport
Recreational Facilities
Shops

Description

Bayan Building is a stabilised office and retail investment opportunity with substantial growth prospects.

- Bayan Building is situated within Dubai Investments Park
- DIP is a well-established business location
- The Property was completed in 2008
- Comprises ground floor retail with 6 upper office floors
- Net Leasable Area of 236,354 sq. ft
- Office element is c. 90% occupied and retail occupancy is at 98%
- Tenants include Imdaad, Elegant Space, Centaur Group and National General Insurance
- Gross revenue of AED 10.35mn, potential annual income of AED 11.5mn
- Varied lease terms with a selection of tenants committed until 2029
- Excellent car parking provision of 480 spaces
- Leasehold - sits on a ground lease with Dubai Investments Park Authority
- Offers significant cashflow upside via improving operational efficiency

Further information is available in a data room, access can be provided on request.