egypt real estate:
office
space:
standard
rent rate: usd 25/m2
administrative
fees: usd 3/m2
special
rent rate: usd 22/m2
administrative
fees: usd 3/m2
annual
escalation: 5%
grace
period (fit out): 5 months from signature
payment:
quarterly
rent
insurance: 3 months of rent
fit
out insurance: egp 20,000 – returned once fit out
works has been completed
contract
period: 9 years – with the option of renewal
in
the case of sale, the building as a whole has to be sold which is equivalent to
approximately 7,500 m2.
sale price: egp 14,000/m2 – cash
administrative
fees: usd 3/m2 – paid quarterly
offices
are equipped with the latest utilities, which include but are not limited to
the following:
-
ac (four pipe system) – btu meter
-
fire fighting system (sprinklers)
-
fire alarm system
-
data and internet service cables
-
satellite feed
-
four risers in each floor (water & sewage system)
-
electrical source: pre-paid
-
telephone system based on ip call-center system
|
