|Lot size:||31,065 sq ft|
|Size:||17,631 sq ft|
Located on the busy Kaya Andrew R.B. Jones is this multi-purpose Shopping Center with apartments and ample parking space.
The complex consists of two buildings with a total of 10 commercial units and 8 apartments. The total built-up area for commercial (1,102m2) and residential (536m2) together is 1,638m2.
The rental division at the moment is Commercial 40% and Residential 75%. The buildings are in a reasonable state of repair.
The land consists of 3 lots, 2 of which are owned land and one is leasehold. The two property plots are 1,020m2 and 830m2 respectively, on which the two buildings are located. The parking lot is issued on leasehold and covers 1036m2. The lease has a term of 40 years and expires on June 11, 2052. The lease rent is ANG 3.60 per m2 per year. The total area of the three lots is 2,886m2.
The gross rental yield, based on the asking price and current rental rate, is 6.7% based on the economic rental value and with 100% rental, this could rise to a maximum of 18%.
In short, a well-situated commercial object with possibilities for the future, but not for the “faint-hearted”.
For more information, an explanation of the above, or an appointment, please contact Ricardo Egberts by e-mail email@example.com or by phone +5999 669 0786.