Immeuble à Um Tarafa, 11 chambres, 24000000 AED - 16038354

Investment Building for Sale in Sharjah – Umm Al Tarafa
Location: Umm Al Tarafa, Sharjah
Building Configuration: Ground Floor + 11 Floors
Land Area: 7,700 sq. ft.
Property Details:

55 One-Bedroom Apartments
57 Studio Apartments
8 Retail Shops

Completion Certificate: June 2008
Property Highlights:

Prime and vibrant location.
Close to all essential services and amenities.
Excellent investment opportunity.

Current Annual Rental Income: AED 2,300,000.
Note: The current rental income is below market value, as many of the studio apartments are leased under old contracts at annual rents ranging from AED 12,000 to AED 15,000. This provides strong potential to increase the rental yield upon lease renewals.
Asking Price: AED 24,000,000 (Negotiable).
For further information or to arrange a viewing, please get in touch.