Business For Sale Kuwait City Ad:783823

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Kuwait > Al Asimah Governorate > Kuwait City

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KWD254,395,572

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Business
For Sale
Kuwait City
Kuwait

5 Star Staff Accommodation with Hotel
License

� Free Hold
� 153 Rooms
� 790 Bed space
� 120 Wash Rooms
� 33 Kitchens
� 12 Large Shops with fully AC and
fully tilled
� Fully Licensed Shisha and restaurant
� Luxury corridors and floors
� Large covered water tanks and pump
room
� Top Quality AC
� Very modern Units
� Satellite and TV connections
� Government water and Electricity
� Large Parking with security cameras
and lightning
� Large Garden with more than 150
trees
� Cinema

Its 153 rooms next to the China mall in
Ajman with direct access to the road with
only minutes to Sharjah and 25 minutes to
Dubai. The price is only 42 million AED for
the whole staff accommodation. This is a
good investment of its location, with the
new air port coming up, easy to transport
people and with all the licenses that it has
that I mentioned so I`m sure it will be
worth much more in the future. Very
convenient for companies to move in their
employees in a almost furnished property
with space for 790 beds.

Its right off Emirates highway so the
difference in driving time is at the very
maximum 20 minutes to Dubai. By driving a
few miles further what you get is something
unique, and at a fraction of the price you
would pay in Dubai for much shabbier
housing. The staff accommodation is rated so
high that the chamber of commerce and
tourism has rated this as a motel. This
property by being classed as a motel /staff
accommodation can house both women and men.
The property is divided into two buildings
and has 12 large beautifully finished
shops/halls downstairs. At the moment the
shops are used to entertain the employees
with large movie theater, games room which
has billiards, table tennis and board games.
There is a garden of 150 4m high trees that
are lush and green. And at the back there is
a high wall where people can indulge in
recreation or having a nice BBQ.

The property has a fully licensed Shisha and
restaurant license and a beautifully
decorated Shisha lounge. Should you decide
to set up catering to feed your own staff
and have a supermarket so that you can sell
groceries among other things you has all the
space in the world. Or If you decide that
you want to bring the running costs of the
project to 0 and actually make a substantial
profit you can rent out the 12 rooms as
shops because they are licensed as shops as
well.

Ajman transport authority has set up a bus
stand so that the bus comes to the reception
to take people into the city. This is a
government run bus service with brand-new
buses.

This is calulated at the price at 42 Million
AED just to show you the potential in this)

You can fit 790 people according to law so
lets say you rent it out to 790 people for
as little as 20 aed per day 365 days a year
you will have a rental income at 5.767.000
plus you could get another 500.000 AED for
the retail spaces with Shisha for a year.
Its 12 retail spaces.

On rent you will have 20*790*365 = 5.767.000
+ 500.000 for retaill space = 6.267.000 AED

If you decide to feed them your workers from
local restaurant its normally 15 AED per day
and you would make minimum 5 AED profit in a
year with 790 people:

5*790*365 = 1.441.750

Cafe income:

500.000 AED

Shisha Bar

50 per day * 45 AED *365 = 831.250

Alochol License

Would probably Generate around 5.000.000 AED
early. Next time you come up I want to show
you all the Alchol shops that has come up
only a min ute away and they have no hotel
license as we do.

So as you can see for an investor this could
be very good as its free hold, you have
another shopping mall coming up next to
China Mall etc.

Costs:

The cost of running it is 250 AED per room
water and electricity per month so
250*153*12 = 459.000 AED

Employee Costs:

1500 AED per person per month and its 9
employees

1500 * 9 * 12 = 162.000 AED

Annual potential profit=

Rental Income + Shisha Income + Resturant
Income + Alochol Income + Cafe Income

6.267.000 + 1.441.750 + 831.250 + 5.000.000
+ 500.000 = 14.040.000 AED in total Income

Costs:

Water/Electricity costs + Employee Costs

Total running costs= 459.000+ 162.000 =
621.000 AED

Profit 14.040.000 - 621.000 = 13.419.000
profit yearly

Total cost of property 42.000.000 AED

42.000.000/13.419.000= 32 % ANNUAL RETURN ON
INVESTMENT.

Thanks & Regards
Mohammed Rabban Ansari

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