03 / 08CONDITIONAL GO · PRICE GATE
Business Bay Offices
The operating concept works; a normal-priced acquisition does not.
MODELLED 10,000 SQ FT BASE CASE
How it works.

Source
Target 10,000-12,000 sq ft with permitted subdivision.
Price
Acquire only when the purchase basis clears the return rule.
Fit out
Build the suite plan against a verified BOQ.
Lease
Validate suite pricing, occupancy and operating costs.
What matters.
15% IRR purchase ceiling
Modelled 10,000 sq ft base case
Base 5-year IRR
Modelled base case
Discount required
Against cited ready-office medians
Total investment
Modelled 10,000 sq ft base case
Proof still needed.
MODELLED 10,000 SQ FT BASE CASE · QUALIFIERS APPLY
Money in. Value out.

A normal market purchase does not clear the modelled hurdle.
Confirm use, subdivision, fire and building-management requirements.
Verify suite pricing and occupancy before relying on the base case.
Use an owner-JV or management structure first; buy only at a deeply discounted basis that clears the return rule.
Decision deck. Full research.
Use these two controlled PDFs first. Open the supporting archive only when source detail or an editable file is required.

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