Prime Retail Investment Opportunity
AED 5,412,000
Dubai
- 1,804 ft²
AED 5,000,000
JLT Cluster F, Jumeirah Lake Towers, Dubai
Discover an exceptional investment opportunity with this fully equipped and furnished restaurant located in the vibrant JLT. Currently leased to the popular Status KVO Shisha Lounge, this property generates an impressive 6.7% NET ROI with a yearly rent of AED 320,000, paid in a single cheque. The yearly service charges stand at AED 27,000, conveniently paid quarterly.
Spanning an internal size of 2,003 sq ft, the property boasts a stunning private terrace of 2,686 sq ft that offers breathtaking lake views. The new owner has the exciting potential to enhance the space by constructing a glasshouse, expanding the total area to 4,690 sq ft.
This hidden gem is not just a restaurant but a canvas for limitless possibilities. Additionally, a five-star hotel is set to open within the same cluster, allowing the restaurant to qualify for an alcohol license in the near future, significantly boosting property appreciation.
Property Highlights:
This property represents not only a lucrative investment but also a unique opportunity to thrive in one of Dubai's most sought-after locations.
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