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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.

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Affordability

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*Profit from 2.35%, these figures are indicative & subject to change

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