Vacant Soon | Furnished | ROI 7% | Hotel facility

Vacant Soon | Furnished | ROI 7% | Hotel facility

The accommodation is in great condition and is sold furnished. It will be vacant end of September 2024 perfect for end-users or for investors looking for a move-in-ready property, benefitting from the current rental market rates.

Bonnington Tower includes a 5-star hotel. A leisure deck with panoramic views located 45m above ground. It is open on three sides and has an infinity style pool along with a gym, cocktail bar, Jacuzzis, steam baths and a children’s pool. Popular, branded restaurants include McGettigan’s.

• 2 bedrooms en-suite
• 998 sq.ft
• Balcony with view of Jumeirah Islands and partial lake view
• Additional storage and washing room
• Good size semi-open kitchen
• Built-in wardrobes
• Well maintained condition
• Guest toilet
• Fully furnished
• Allocated parking
• Walking distance to DMCC Metro station and Almas Tower
• Discounts in all hotel outlets and Room service
• Service charges AED 15.26 per sq.ft = AED 15,000 pa
• Rental market rate AED 135-150K
• Investor opportunity at ROI 7% net
• Cash seller
• Vacant end of September 2024
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• Access to hotel facilities incl.:
• Lobby with 24 hour security and front desk service
• Infinity style pool, with bar and jacuzzi, sauna, spa and gym
• Restaurants, coffee chops, business center facilities and valet parking
• Residents discounts applied to dinning and room service
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