60 meter shop, very special view, first floor, receipt for a total year, with a mandatory lease contract of up to 20 years after receipt.

Name: 60 meter shop, very special view, first floor, receipt for a total year, with a mandatory lease contract of up to 20 years after receipt.
SKU: 500862377

R3, New Capital City

1 month ago

Highlights

TypeRetail

Area (m²)60

Details

Payment OptionCash or Installment

Amenities

Covered ParkingSecurity

Description

60 meter shop, very special view, first floor, receipt for a total year, with a mandatory lease contract of up to 20 years after receipt. 30% down payment will be 2,880,000 The customer will not pay anything else until operation After receipt: The mandatory lease begins for 20 years The rent for the first year, with a minimum rental rate of 20%, will be 1,920,000. The annual installment after receipt will be 1,344,000 (deducted from the annual rent) The net profit for the first year after deducting the installment will be 576,000 The second year, there is an annual increase in rent of 10%, meaning the rent for the second year will be 2,112,000. The annual premium is deducted This means that the net profit for the second year, rent (2,112,000-1,344,000) will be 768,000. So the customer bought the whole unit for 2,880,000 For more details and inquiries, call 01029986064

Location

Egypt