Full building for rented at 11m for 10 yrs – SELLING PRICE AED 130,000,000

Al Qouz, Dubai,United Arab Emirates (UAE)
Use: Residentiald.
Specs: G+4e.
Total net area: 188,600 * sqft.
Proposal: Full building.
Total selling price: AED130,000,000.00 .
Payment Plan: 10% refundable deposit if transfer complete. 100% on transfer.
Building config: High end 51 units, 4 beds, 5 beds, 6 beds, 4 bed duplexes and 5 bed duplexes.
Avg unit area: 3,755 sqft (net)
Building amenities: Common SW Pools, Gym in the community centre
Construction status: 100% complete. BCC achieved in Oct’16, pending DEWA connection.
enant: 5* Hotel Operator has signed a 10 year unbreakable lease for staff accommodation.
Rent: AED 11m per year in 4 checks.
Maintenance: All major on landlord and all minor tenant.
Warranty: 1 year warranty from contractor
Ownership rights: 100 % Freehold for all nationals