AED2,737,040
5 Property Views

Restaurant and Retail Units on Sale Marjan Island

Pacific | Al Marjan Island | Ras Al Khaimah

1368 sqft Baths

Property Details

  • Reference no.sp--11405284
  • Bedrooms
  • TypeRetail
  • PurposeCommercial For Sale
  • Bathrooms
  • Area1368 sqft

Description

Retail & F&B Opportunities on Al Marjan Island Pacific is a world class development and was the first to be completed on the island. With its location, sea views and all the amenities on offer it's no surprise that it is still a sought-after development with a thriving local community. Only three retail units are left to purchase. Let me provide a brief feasibility summary to explain why this is great location to either expand into or set up your first branch: - 1400 Apartments at Pacific - 2,500 residents living at Pacific - Average 200 short stay guests at any time - Two developments have broken ground next door to pacific - They will add 2,500 residents to your customer base - There be zero retail and one restaurant at the new developments - Forty developments will complete on Al Marjan by Jan 2027 - Island population in 2027 will be over 100,000 residents To Summarise, you will always have an immediate customer base of 5,000 Residents who will frequent your establishments due to convenience. By 2027 your business will have exposure to the entire Island. Pacific is the ideal location to set up a restaurant or supermarket that delivers to its immediate developments and the entire Island. If the numbers above are not enough to convince you, consider that your company will own a property expected to increase in value by 50% in five years. This leads to huge possibilities such as selling the property while you remain a tenant, or you need to expand you may sell the property outright for maximum profit. *** Sensible rental offers with a minimum five-year lease will also be considered.