Immeuble à Muwaileh Commercial, 2 chambres, 22000000 AED - 16447075

Investment Building for Sale in Muwaileh – Sharjah

A mixed-use residential and commercial building situated in a prime location on a main road in the Muwaileh area. It is fully leased, generating an annual income of AED 2,200,000, representing a gross annual yield of 10% based on the asking price.

This is an excellent opportunity for investors seeking an established, tenanted property that combines residential apartments and commercial shops, offering a diverse mix of rental units and income streams.

Building Details

The building comprises a ground floor plus seven upper floors and is approximately 16 years old. It features 42 residential apartments (a mix of 1-bedroom and 2-bedroom units) and 4 commercial shops, bringing the total number of units to 46.

Areas

Land Area: 10,000 sq. ft.
Built-up Area: 60,000 sq. ft.

Unit Breakdown

4 Commercial shops
14 One-bedroom apartments
28 Two-bedroom apartments

Location and Occupancy

The building is located on a main road in Muwaileh, Sharjah, offering high visibility and easy access for residents and shop customers alike. It is fully leased, allowing the buyer to evaluate the investment based on existing rental income.

Financial Details

Annual Income: AED 2,200,000
Asking Price: AED 22,000,000
Gross Annual Yield: 10%

The stated yield is calculated based on the asking price, prior to deducting operating expenses, maintenance costs, and purchase-related fees. Combining a prime location on a main street, full occupancy, and a mix of residential and commercial units, this property is a compelling option for anyone seeking an income-generating real estate investment in Sharjah.

For inquiries, further details, or to arrange a viewing, please contact: