435.7m² Shop in Dubai, UAE No. 45093

Property description

f m Properties is pleased to offer this exclusive property for sale located in JLT, an established restaurant that is (fully fitted, furnished, and kitchen equipment). The property is available for sale.

Comments: The property is currently rented to Status KVO Shisha Lounge
Yearly rent is AED 320,000
Method of Payment is One Cheque
Yearly Service Charges are AED 27,000 per a year paid quarterly
The property generates around 6.7% ROI NET.

The internal size is 2003 sq ft and it is connected to a private terrace of 2,686 with full lake view, which the new owner and/or tenant can build a glasshouse to bring total size of the restaurant to 4690 sq ft. An absolute hidden gem with unlimited possibilities.

Furthermore, in the same cluster there is going to be a 5 start hotel, which in the near future the restaurant will be qualified to obtain alcohol license and this will have a great effect of property appreciation in the near future.