Savills | 10% net income from RAK Free zone complex, Al Jazirah Al Hamra, Ras Al Khaimah | Properties for sale
25,500 sq ft(2,369.03 sq m)
Guide price 9,750,000 AED(44,675,270 EGP)

10% net income from RAK Free zone complexAl Jazirah Al Hamra, Ras Al Khaimah


    Key features

    • No. of Bathrooms: 7
    • Central air conditioning
    • Community View
    • Covered parking
    • Storage room
    • 24 hours Maintenance
    • Bus services
    • Business Center
    • Mosque
    • Public park

    10% net income from RAK Free zone complex

    About this property

    • Cluttons is proud to offer exclusive investment opportunity into 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
      • Warehouse built-up area of 27,500 sqft plus 8,000 sqft mezzanine and 9,560 sqft G + 1 attached office
      • G+1 staff accommodation with built-up area of 7,850 sqft
      • Total plot area 79,100 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
      • Property current rental income is AED 1,000,000 NET
      • Plot is leased for 25 years starting from June 2014
      • Selling for AED 9,750,000 only (10%+ Net rental yield)

      The road around the property has been completed

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

      Call Maqsoud for viewings 0563690788 / 065723794

      Company name: SAVILLS Middle East

      Address: 2702-C Al Marzouqi Towers, King Faisal Street, Sharjah, UAE P.O.Box 3616
      Email: sharjah@me-hub.net
      Website: http://sharjah.savills.ae

      Founded in 1855, SAVILLS is a global real estate firm with more than 35,000 staff and 600 offices worldwide. In the Middle East, we have been the regional leader and real estate advisor of choice for over 42 years. The team provides an array of specialist services including strategic consultancy, valuations, residential sales and leasing, commercial sales and leasing, property and facilities management, international tenant representation, international residential and market research.