Ground floor commercial store, first row on the tourist towers strip in Downtown in the New Administrative Capital

Name: Ground floor commercial store, first row on the tourist towers strip in Downtown in the New Administrative Capital
SKU: 501715274

Downtown, New Capital City

4 days ago

Highlights

TypeRetail

Area (m²)58

FurnishedNo

Details

Payment OptionCash or Installment

Completion statusOff-plan

Description

Location: The unit is located in Obsidair Towers, ground floor, a distinguished project of Dubai Egypt Company. Area: 58 square meters. Situation: The unit is delivered unfinished (red brick), with marble-covered facades, entrances and stairs, and integrated external installations including public power sources. Asking price: 7,199,269.50 EGP Includes: 1.5,254,000 EGP as a first installment paid upon signing. 2.1,570,000 EGP additional overpayment on the amount paid. 3.375,269.50 EGP as 2.5% administrative fees as transfer expenses, based on the total unit price of 15,010,780 EGP. Payment Method: The new buyer shall bear the remaining installments amounting to EGP 9,756,780 according to the agreed schedule (21 installments). Maintenance and Management Deposit: The buyer shall pay an amount of EGP 1,765,974 as a maintenance deposit and management expenses to the owner company no later than October 30, 2025. Additional Terms: As stated above in the asking price, the buyer shall pay 2.5% of the total unit price (which is EGP 15,010,780), i. e. EGP 375,269.50, as transfer expenses. Location Advantages: A vital and distinguished location in the New Administrative Capital in Cairo. An ideal investment location for commercial units. High-quality fixtures for facades and entrances. Additional Note: The buyer will not have to pay any installments after receipt, as the unit will be rented, and the rental value will be sufficient to cover the remaining installments.

Location

Egypt