Edificio en Muwaileh, 11 dormitorios, 12500000 AED - 14981652

For Sale: Prime Investment Building in Sharjah – Muwaileh Commercial
An excellent opportunity for investors seeking a stable annual income with the potential for future growth, in a strategic location close to major roads and services
Location:
Sharjah – Muwaileh Commercial
On a main road branching off Sheikh Mohammed Bin Zayed Road
Behind Al Thiqa Club
Opposite City Centre Al Zahia
Building Details:
Ground + 3 Floors
Land Area: 7185 sq ft
Age: Approximately 10 years
Located on 3 Streets
Number of Units: 45
21 One-bedroom apartments with a living room and balcony, some with two bathrooms
24 Studios of varying sizes
Amenities and Services:
Guardian's Room with Bathroom
Management Room
Security System and CCTV
Certified Safety and Firefighting System
Elevator with full maintenance contract
Comprehensive maintenance for air conditioning and plumbing
Split unit air conditioning
Connected to public sewer system
Investment Income:
Current income: AED 1,046,000 annually
Previous income reached AED 1,250,000
Potential for increase
Additional Advantage:
Official license and approval exist to convert 6 ground-floor apartments into commercial shops with a ready plan, increasing the return on investment
Asking Price:
AED 12,500,000 (Negotiable)