Gebäude in Al Nabba, 11 schlafzimmer, 3300000 AED - 17070302

A great investment opportunity for investors seeking attractive rental income with strong potential for future growth, located in a prime and strategic area of Sharjah.
Property Details:
Plot Area: 2,000 sq. ft.
Building Permit: Ground Floor + 6 Floors.
Total Units: 19 Apartments.
6 Studio Apartments.
13 One-Bedroom Apartments.
Current Annual Rental Income: AED 292,000.
Building Age: 19 Years.
Prime Corner Location.
Investment Highlights:
Existing rental income from day one.
Current units are leased under older rental contracts.
Potential to increase rental income for multiple units upon contract expiry and renewal, subject to applicable rental regulations.
The projected annual rental return could exceed 12% of the purchase price after adjusting rents to suitable market levels.
Ownership: Available for GCC nationals.
Asking Price: AED 3,300,000 Only.
An excellent opportunity to acquire an income-generating property with significant potential for rental income growth.
For further details, serious inquiries, and viewing arrangements, please contact us.