Immeuble à Muwaileh, 11 chambres, 11000000 AED - 16994342

An excellent investment opportunity to acquire a fully rented investment building in Muwaileh, Sharjah, strategically located on a main road. The property generates an annual rental income of AED 1,050,000, offering an approximate annual return of 9.55% based on the asking price.
The building features a mix of residential apartments and commercial shops, providing multiple income streams. Comprehensive maintenance has also been carried out on the property.
Property Details:

Location: Muwaileh, Sharjah
Plot Area: 6,000 sq. ft.
Building Age: 20 years
Occupancy: Fully rented
Maintenance: Comprehensive maintenance completed

Building Composition:

17 two-bedroom apartments with living rooms
9 one-bedroom apartments with living rooms
2 studio apartments
8 commercial shops, including 4 front-facing shops and 4 rear shops

Financial Details:

Annual Rental Income: AED 1,050,000
Asking Price: AED 11,000,000
Approximate Annual ROI: 9.55%

If you are looking for an income-generating real estate asset in an active residential and commercial area of Sharjah, this property is an opportunity worth considering.
Contact us today for full financial details or to arrange a viewing.