COMMERCIAL BUILDING AMMAN-JORDAN

COMMERCIAL BUILDING AMMAN-JORDAN EXCELLENT OPPORTUNITY FOR MEDICAL OR FINANCIAL COMPANIES INVESTMENT OVERVIEW This brand new G +6 commercial building...
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COMMERCIAL BUILDING AMMAN-JORDAN EXCELLENT OPPORTUNITY FOR MEDICAL OR FINANCIAL COMPANIES

INVESTMENT OVERVIEW This brand new G +6 commercial building is strategically located in the heart of Amman and close proximity to the new modern Abdali. Most suitable for medical companies or other industries like Insurance companies or IT corporations. Close to business district and financial center, the property is within the vicinity of banks such as The Housing Bank for Trade & Finance, Cairo Amman Bank, ABC Bank and the Ministry of Industry and Trade offices. Islamic Hospital and other medical clinics are located around the corner, which is a major USP of the location of the property.

INVESTMENT OFFERING Page 1

Property Details Property:

Commercial Building

Plot No:

248

Title:

International Freehold

Completion:

Completed

Location:

Al Lweibdeh Al Wastani (Abdali)

Height:

2 Basements + Ground Floor + 6 Floors

Total Plot Area:

759 Sq.M

Total BUA:

2,030 Sq.M

Retail Area (Showrooms):

600 Sq.M

Car Parking:

600 Sq.M

Contractor:

Abdulla Al Tabba Co

Consultant:

Tahhan & Bushnaq Co Aluminum cladded front elevation, Granite lobby floor and Stairs, Oakwood doors, Water Well. Central Heating system, Central satellite, Grohy Batteries

Amenities:

Fire fighting & Fire Alarm:

Provided

Lifts:

1 nos. German Brand

Security System - CCTV - Card Access System - Emergency Alarm - Building Automation System:

Provided

Water & Drainage:

Yes

Community Charges:

JD 3,000

E XC E L L E N T I N V E S T M E N T O P P O RTU N I T Y Page 2

Income Analysis Abdali Area Current Rent Analysis - Office Building Property

Classification

Rent/Sq.M

Property 1

Premium

JD 180

Property 2

Premium

JD 160

Property 3

Standard

JD 70 –110

Proposed Property Achievable Rent

Offices

Shops

Total Leasable Area

1,430 Sq.M

600 Sq.M

2,030 Sq.M

140/Sq.M

450/Sq.M

Property management Fee (Annual facilities and property maintenance, community costs)

JD 12/Sq.M

Acquisition Costs (This includes all transfer fee and other fee)

10%

Total Gross Income

JD 246,000 (Approx)

Commission

2% Negotiable

Asking Price

JD 1.8 Million

Gross ROI

13.65%

Expenses

JD 27,360

Net Income

JD 218,640

Net ROI

12.14%

Page 3

Loca tion Location: Al Lweibdeh Al Wastani (Abdali), Plot 248

E XC E L L E N T I N V E S T M E N T O P P O RTU N I T Y Page 4

Floor Plans

Typical Floor Plan

Ground Floor Plan

E XC E L L E N T I N V E S T M E N T O P P O RTU N I T Y Page 5

EXCELLENT INVESTMENT OPPORTUNITY

We are seeking Expressions of Interest for the acquisition of this Commercial Property located in Abdali area, Amman, Jordan. Detailed information will be provided to perform due diligence of the property upon receiving your expression of interest. Please contact in the below address.

Mohammad Al Saafeen Managing Director Mobile: +971 050 651 06 76

Ibrahim Al Saafeen Transaction Director Mobile: +962 777 263 904

Mathew Varghese Transaction Director Mobile: +971 050 259 95 96 Email: [email protected]

Tel. Office : 04 3941421, Email: [email protected] www.buniahcapital.com P. O. Box 282758, Dubai, United Arab Emirates.

Tel Office: +962 6 5 777 339 Email: [email protected] www.edraj.com Emmar Building, Zahran Street Floor No.4, Amman.

Disclaimer: As we take good care to ensure accuracy, the contents of this document do not form part of or constitutes a representation or warranty, and should be treated as a guide only.

Page 6

CONFIDENTIALITY AGREEMENT Edraj Real Estate (ERE) Amman., Jordan, the Lead Agent & BUNIAH CAPITAL (BC), Dubai, UAE, Co Agent has been retained with respect to the offering for sale of Al Tabba Building located in Al Lweibdeh Al Wastani, Amman, Jordan. The owner has indicated that all inquiries and communications with respect to the contemplated sale of such Property be directed to ERE & BC. All fees due to ERE & BC in connection with the sale of the Property shall be mutually discussed and agreed by the agent representing the purchaser (if in case of an Agent representing the Purchaser) or directly with the Purchaser as per available ruling by the Amman Land Dpt. ERE & BC has available for review certain information concerning the property which includes brochures and other materials (collectively Informational Materials). ERE & BC will not disclose such Informational Materials to potential Purchaser unless and until the Purchaser has executed this agreement. Upon ERE & BC’s receipt of this executed agreement, ERE & BC is prepared to provide the Informational Materials for the potential Purchaser’s consideration in connection with the possible purchase of the Property subject to the following conditions. 1.

All Informational Materials pertaining to the Property which may be furnished to the potential Purchaser by ERE & BC shall continue to be the property of the owner and ERE & BC. The Informational Materials will be used solely for the purpose of the potential Purchaser and may not be copied or duplicated without ERE & BC’s written con- sent and must be returned to ERE & BC immediately upon ERE & BC’s request or when the potential Purchaser terminates negotiations with respect to the Property.

2.

The Informational Materials may be disclosed to the potential Purchaser’s partners, employees, legal counsel and institutional lenders (“Related Parties”), for the purpose of evaluating the potential purchase of the Property.

3.

The potential Purchaser understands and acknowledges that ERE & BC and the Owner do not make any representtations or warranty as to the accuracy or completeness of the Informational Materials and that the information used in the preparation of the Informational Materials were furnished to ERE & BC by others and has not been independently verified by ERE & BC and is not guaranteed as to completeness or accuracy. Potential Purchaser acknowledges that the Property is being sold “as-is” and that potential Purchaser will be acquiring the Property solely on the basis of its own physical and financial examinations, reviews and inspections.

4.

The potential Purchaser hereby indemnifies and holds harmless ERE & BC and the Owner and their representative affiliates and successors and assigns against and from any loss, liability or expense, including attorney’s fees, arising out of any breach of any of the terms of this agreement.

The potential Purchaser acknowledges that the Property has been offered for sale subject to withdrawal from the market, change in offering price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective purchaser, or for any other reason whatsoever without notice. The Potential Purchaser acknowledges that the Property is being offered without regard to race, creed, sex, religion or national origin. This agreement terminates one (3) months from the date hereof except as to written claims by owner against potential Purchaser prior thereto.

If in agreement with the foregoing, please return one signed copy of this agreement to Buniah Capital, Attention: Mathew Varghese, Transaction Director, P.O. Box 282758, Dubai, UAE or Ibrahim Al Saafeen, Transaction Director, Emmar Building, Zahran Street, Floor No.4, Amman, Jordan. • Buniah Capital is the Advisory division of Buniah LLC.

POTENTIAL PURCHASER: ACCEPTED AND AGREED TO THIS ___________DAY OF ________________2010

ADDRESS:___________________________________

_____________________________________(Signature)

_____________________________________________

NAME:_______________________________________

_____________________________________________

TITLE:_______________________________________

TEL:_________________________________________

EMAIL:______________________________________

FAX:_________________________________________

COMPANY:___________________________________

Page 7

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