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Reference ID: CLS-S-1102
Agent CLUTTONS LLP CO .SHJ.BR
DED Licence Number: 23055
Show Phone Number

UAE‪ > ‪ Ras Al Khaimah‪ > ‪ Al Hamra
Posted on: 17th April 2018

10% net income from RAK Freezone Commercial complex

https://dbzstatic-a.akamaihd.net/.dist_28d05d0dde574b78dad37a9347aa96b13ec9e58c/ 11836854
AED 9,750,000
  • Bedrooms Bedrooms Studio
  • Size Size 7352.00
  • Price / SqFt: Price / SqFeet 1326 AED
  • Property Reference CLS-S-1102

Description

An upgraded commercial complex for sale in RAK - exclusive with Cluttons

10% IMMEDIATE ROI ON YOUR INVESTMENT

Industrial factory with office and labour accommodation on-site, strategically located in the Ras Al Khaimah Enterprise Zone

  • Currently rented out to a blue-chip UK-owned aviation company
  • Consists of an on-site factory, offices and labour accommodation
  • Factory built-up area of 27,500 sqft
  • G+1 staff accommodation with built-up area of 7,850 sqft
  • Immediate returns at 10% through current tenancy
  • 2 years advance PDCs in hand
  • EHS/Civil Defense approvals up to date
  • 716KW - FEWA power connection
  • No transfer fees


Plot size 7,352 sqm (approx. 79,100 sqft)
Plot is leased for 25 years starting from June 2014

The property consists of:

  • Main factory structure which has a warehouse/office
  • Office structure is G+1 and warehouse is G+M
  • Office 9,560sqft, Warehouse 27,499 sqft and Mez is 8,000 sqft

The road around the property has been completed

Property current rental income is AED 1,000,000 NET
Tenant intends stay in this asset for long term.

VIEW PROPERTY VIDEO: http://bit.ly/RAKFactory1

Selling for AED 9,750,000 only (10%+ Net rental yield)

Call Usman Latif on Show Phone Number / Show Phone Number or visit cluttons.com for further details

Company Profile: Cluttons is an international real estate services company with 40 years experience in the UAE. Cluttons operates in both the residential and commercial property markets with services including residential sales and lettings, commercial leasing and investment, consultancy, property management and valuation.


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