Office Space for Sale in Mar Mikhael, Beirut

6.5% Return on a Rare Commercial Opportunity

Property type:
Office Space
Property size:
1,292 sqft / 120 sqm
450,000 USD
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Location

Map
Mar Mikhael
Beirut, Beirut

Agent

Hicham Chalhoub

Ray White Lebanon Regional

Amenities

Covered Parking

Description

A chance to acquire a high performing commercial property offering both a strong return and future capital growth. Underpinned by both an exceptional location, 100m from the Main Highway and with a profitable lease. The premises enjoys a superb exposure and forms part of a tightly held retail strip amidst a wide range of thriving businesses. The asset makes use of ample street car parking availability and positions itself within one of Beirut's fastest-growing corridors, making this a rare commercial opportunity in a highly sought after location.

Office area 120sqm approximately
Returning $24,000 per annum + fees
6.5% return on the lease
3 underground car spaces


Only leased once and now offered for sale, this rare opportunity provides the ideal chance for the astute investor to acquire a well-located asset in one of Beirut's booming capital growth and development precincts. Underpinned by scarcity and a lack of commercial investment supply in the area, in addition to an unrivaled position with ease of access to both public transport and the Main Freeway, this high yielding offering is sure to meet your requirements to kick start or add to your existing portfolio with a strong and reliable tenant.

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450,000 USD
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