Immeuble à Al Hawiyah, 11 chambres, 2800000 AED - 17092788

Exceptional Investment Opportunity – Residential & Commercial Building for Sale at an Attractive Price
Location: Al Huwaiya, Umm Al Quwain
Plot Area: 5,623 Sq. Ft.
Building Age: Approximately 7 Years.
Building Specifications:

13 Apartments – 2 Bedrooms + Living Room.
2 Apartments – 1 Bedroom + Living Room.
1 Studio Apartment.
1 Watchman's Room.
3 Commercial Shops.

Current Annual Rental Income:
AED 236,000 per annum from the currently rented units.
Vacant Units:

1 Apartment (2 Bedrooms + Living Room).
3 Commercial Shops.

Investment Potential – An Opportunity to Increase Rental Returns
The asking sale price has been determined based on the existing older rental rates, rather than the potential rental income at current market rates.
All existing rental contracts are currently at older rental rates, offering the new owner an excellent opportunity to enhance the property's annual rental income by leasing the vacant units and revising existing rents in line with prevailing market rates and applicable regulations.
Why Is This a Great Investment Opportunity?

Existing rental income from occupied units.
Four vacant units offering additional income potential.
Significant potential to improve annual rental returns.
Attractive asking price based on historical rental rates, providing room for future income growth.

Excellent Asking Price – A Great Opportunity for Serious Investors!

Lulua Real Estate
Your Trusted Partner in Real Estate Investment.