Well-Priced Commercial Space | 1 Parking

Engel & Völkers are pleased to present this commercial space for rent, offering a practical business environment with essential services included in the service charges.

Property Details:

• Size: 859 sq. ft.
• Annual Rent: AED 94,490 (AED 110 per sq. ft.)
• Service Charges: AED 32 per sq. ft. (AED 27,488 annually)
• Parking: 1 allocated parking space
• AC, Cooking Facilities & DEWA: Included in service charges
• Minimum Lease Term: 3 years
• Payment Terms: 4 cheques annually
• Security Deposit: 10% of annual rent (refundable)

Lease Terms & Additional Charges:

• Rent Escalation: 5% in Year 2 and 5% in Year 3
• Sublease Fee: 5% of the total rent + VAT
• Agency Commission: 10% of the annual rent + 5% VAT on the commission
• NOC Fee: AED 525
• Ejari Fee: AED 180
• Service Charges Payment: One cheque upfront for each lease year

This property offers a practical leasing arrangement with essential utility costs included in the service charges, making it a suitable option for businesses seeking a well-serviced commercial space.

Contact Engel & Völkers today for further details or to arrange a viewing.