Immeuble à Al Ghuwair, 11 chambres, 7150000 AED - 16403364

A promising investment opportunity for real estate investors seeking a steady and direct return! A complete residential building is for sale in a prime and strategic location in the heart of Sharjah – Al Ghwair area, close to Rolla Park, Post Office Roundabout, and all essential services.

Property Specifications:

Land Area: 2,700 sq ft
Height and Layout: Ground + 6 residential floors

Total Number of Units: 38 residential units (studios of varying sizes)

Unit Details: 12 large studios, 12 medium-sized studios, 14 small studios

Current Actual Income: AED 686,000 annually

Asking Price: AED 7,150,000 (negotiable for serious buyers)

Current Gross ROI: Exceeds 9.5% annually, with the potential for increased returns upon contract renewal.

Location Advantages: A vibrant and highly sought-after location (guaranteed rental income and easy re-leasing).

Very close to Rolla Park, Post Office Roundabout, and major bus stops. Surrounded by numerous shopping centers, hospitals, and 24-hour services.