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High Visibility Commercial Space | Flex Terms
Property Overview:
Location: Motor City, Dubai – a prime, high-traffic location known for its vibrant community and excellent accessibility.
- Total Commercial Space: 13,000 sq ft original space, with an additional expansion space available, bringing the total leasable area approximately 24,200 sq ft.
- Annual Rental Value: AED 6,480,000 / AED 270 per sq ft.
- Expansion Details: The additional 11,200 sq ft is available free of charge, but construction and fit-out costs will be borne by the tenant. Negotiations between the tenant and landlord may include a grace period of free rent and reduced rental rates for the first year to offset these expenses.
- Key Selling Points: Prime visibility, accessibility, ample parking, and a well-established community with high footfall, making it ideal for high-end brands.
Incentive Structure for Expansion Space:
1. Grace Period: Negotiable grace period of up to 6 months free rent, allowing tenants to cover the initial construction and fit-out costs of the additional space.
2. Reduced First-Year Rent: Potential agreement on lower rent value during the first year, to offset the tenant’s construction expenses, making the expansion financially attractive.
3. Tenant Contribution: The tenant is responsible for construction costs for the additional 11,200 sq ft, ensuring they have the flexibility to design the space according to their operational needs.
♣
fam Properties
Contact Us -
Toll free: 800fam
Email: basel.
Visit our website: famproperties. com
Office Registration no: 1858
RERA Broker ID: 8976
Permit No:67139318176
Location: Motor City, Dubai – a prime, high-traffic location known for its vibrant community and excellent accessibility.
- Total Commercial Space: 13,000 sq ft original space, with an additional expansion space available, bringing the total leasable area approximately 24,200 sq ft.
- Annual Rental Value: AED 6,480,000 / AED 270 per sq ft.
- Expansion Details: The additional 11,200 sq ft is available free of charge, but construction and fit-out costs will be borne by the tenant. Negotiations between the tenant and landlord may include a grace period of free rent and reduced rental rates for the first year to offset these expenses.
- Key Selling Points: Prime visibility, accessibility, ample parking, and a well-established community with high footfall, making it ideal for high-end brands.
Incentive Structure for Expansion Space:
1. Grace Period: Negotiable grace period of up to 6 months free rent, allowing tenants to cover the initial construction and fit-out costs of the additional space.
2. Reduced First-Year Rent: Potential agreement on lower rent value during the first year, to offset the tenant’s construction expenses, making the expansion financially attractive.
3. Tenant Contribution: The tenant is responsible for construction costs for the additional 11,200 sq ft, ensuring they have the flexibility to design the space according to their operational needs.
♣
fam Properties
Contact Us -
Toll free: 800fam
Email: basel.
Visit our website: famproperties. com
Office Registration no: 1858
RERA Broker ID: 8976
Permit No:67139318176
Property Information
- TypeCommercial Building
- PurposeFor Rent
- Reference no.Bayut - B-CR-117493
- Added on13 September 2024
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