About this property
Property Overview:
Location: Motor City, Dubai – A prime, high-traffic area known for its vibrant community and excellent accessibility.
Total Commercial Space: 13,000 sq ft of original space, with an additional 11,200 sq ft expansion space available, bringing the total leasable area to approximately 24,200 sq ft.
Expansion Details: The additional 11,200 sq ft is available at no additional rent; however, the tenant will be responsible for construction and fit-out costs. Negotiations between the tenant and landlord may include a grace period of free rent and reduced rental rates during the first year to offset these expenses.
Key Selling Points:
-Prime visibility
-excellent accessibility
-established community with high foot traffic, making it ideal for premium brands.
-Incentive Structure for Expansion Space:
Grace Period: A negotiable grace period of up to 6 months of free rent to allow tenants to cover the expansion's initial construction and fit-out costs.
Reduced First-Year Rent: There is potential for lower rent during the first year to help offset construction expenses, making the expansion financially attractive.
Tenant Contribution: The tenant is responsible for the additional 11,200 sq ft construction costs, allowing them to customize the space according to their operational requirements.