Bonnington Tower, Jumeriah Lakes
A business colleague of mine has purchased an apartment in Bonnington Tower which is actually an aparthotel. The building work is due to finish late 2007/early 2008 and he is considering off-loading the property in the next few months. I have been looking for an investment opportunity and the fact that this is run by a hotel as the management company appealed to me. He has also paid for a parking space. He says he paid £100k for the lot including furnishings but is now off to find out its true worth to sell.
Is this something I should be looking at? Are there any other Bonnington Tower purchasers out there who can advise me - and also what sort of price should I be paying? (By the way it is a 1 bedroom apartment)
Thanks.
|