Prime Location Commercial Building for sale in Downtown - Beirut

Name: Prime Location Commercial Building for sale in Downtown - Beirut
SKU: 116459179

Downtown, Beirut

1 week ago

Highlights

OwnershipBy Company

Size (m²)2,250

Details

Building TypeResidential

Seller TypeAgency

Description

This Marvelous ready to move Building consist of: Overview This Building is part of a high-spec commercial development composed of retail and office spaces, It features: The Project at a Glance: A state-of-the-art commercial complex, composed of two blocks (A & B) across 18 levels, including: 4 basement floors 3 mezzanines Ground floor with restaurants and cafés 200-slot underground car park Office spaces available across four levels, up to 1,550 m² per floor Surrounded by 6,500 m² of beautifully landscaped gardens Combined sellable area: 12,160 m² Status: Completed in 2006. Following the Beirut blast, the entire building underwent a full renovation and is now in brand-new condition, with an expected remaining lifespan of at least 15 years. Detailed Breakdown: Tower A: Offices: 2,646 sqm (plus a license for an additional 600 sqm on the top floor) Commercial spaces: 1,225 sqm (Ground Floor: 442 sqm, Mezzanine: 123 sqm, Basement: 660 sqm) Total sellable space: 3,871 sqm Underground parking: 63 cars Yearly return (post-crisis potential): USD 1.8M Current yearly return: USD 800K (not fully rented) Tower B: Offices: 6,590 sqm Commercial spaces: 1,700 sqm (Ground Floor: 537 sqm, Mezzanine: 533 sqm, Basement: 630 sqm) Total sellable space: 8,289 sqm Underground parking: 125 cars Yearly return (post-crisis potential): USD 5M Current yearly return: USD 1.6M (with up to 3,000 sqm kept vacant for strategic reasons) Asking price: $85,000,000 For Viewing and Further Information: Call: +961 71 400 453

Location

Lebanon