Description


Size: 1270.00 SqFt
Bedrooms: 2
Bathrooms: 3
Price / SqFt: 1544 AED

Total Closing Fee: 39220
Annual Community Fee: 20955

Building: The Torch
Amenities: Central A/C & Heating , Balcony , Shared Pool , Shared Gym , Security , Concierge Service , Covered Parking , Walk-in Closet , View of Water

This is a fantastic unit for either end user or for an investor.

THIS UNIT WILL BE VACANT IN APRIL 2014 – Will rent for at least 125-130,000 AED.

Payment Plan



· Purchase price 1,961,036 AED
· 10% reservation deposit 196,103 AED
· Balance due on transfer 1,764,933 AED (approx. 4 weeks)

Buyers Costs

· Additional Costs:-
· 4% on transfer to DLD 78,441 AED
· 4,000 AED transfer appointment
· 540 AED transfer title deed
· 5,000 AED admin & NOC charges



Projected Yield



Service Charges 16.5 AED per square feet 20,955 AED



Total Expenses 20,955 AED



Annual rent 130,000 AED April 2014 130,000 AED

-------------------

Net Income 109,045 AED



NET Yield 5.5%


For more details please call on 0529.129.819


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