Immeuble à Al Nuaimiya, 2800000 AED - 16842455

Location: Al Nuaimiya 2, Ajman, directly on Kuwait Street, in a highly active location on a corner plot facing two streets.
Property Type: Residential and commercial building.
Land Area: 2,497 sq. ft.
Building Structure: Ground floor + first floor.
Building Composition:

6 commercial shops.
1 apartment with 1 bedroom and a living room.
1 apartment with 2 bedrooms and a living room.
1 apartment with 3 bedrooms and a living room.

Current Annual Rental Income: AED 227,000.
Asking Price: AED 2,800,000.
Approximate Gross Rental Yield: 8.11% annually, based on the current rental income and asking price, before expenses, maintenance and other costs.
Investment Highlights:

Direct frontage on Kuwait Street in a prominent Al Nuaimiya 2 location.
Corner position facing two streets.
A combination of commercial shops and residential apartments provides multiple rental income streams.
Existing annual rental income makes this property an attractive option for income-focused investors.

Direct from the owner, allowing interested buyers to enquire directly about the property.
An excellent opportunity to invest in a residential and commercial property in a busy area of Ajman.
For further details and viewing arrangements, please contact the owner directly.