Investment Grade Cold Storage Facility For Sale
Savills are delighted to offer a premium and fully let cold storage facility for sale with a gross yield of 15%.
The property is located within the established Ghala Industrial estate with excellent access to and from the Muscat Expressway and Sultan Qaboos Highway.
The standalone property comprises a built up area of 1,900 sq.m with ground floor cold storage facilities and 1st and 2nd floor office accommodation with a 95% occupancy rate. The cold storage facility includes 20 individual cold storage units each at 50 m2 including an internal height of 7m, providing space for 90 palettes. There is an internal communal loading and unloading area providing 5 raised docking areas for heavy vehicles with added services available including fork lifts, palettes, labour, and plug-inns.
The office accommodation provides single fixed units, that are typically let to the cold storage occupiers with staff accommodation available within the property.
The property is available with freehold title and a solid income stream from long standing tenants within the property.
Asking price: RO 1,900,000.
Call David Short on +968 98549383 / +968 2411 6801 or visit savills.om for further details
Company name: Savills Oman
Address: Hatat House Ground Floor Ruwi Muscat Sultanate of Oman Po Box 1475
Office phone no: +968 22057800
Office fax no: +968 22057830
Primary email: email@example.com
Company Profile: 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.