Magazzino a Industrial Area，Industrial Area 3, 6500000 AED - 16990371

For sale in Sharjah, Industrial Area 3: An investment property that is fully leased, featuring multiple income streams and the potential for future rent increases. 5 commercial shops with a total annual rent of AED 160,000.
A garage (workshop) leased for an annual rent of AED 100,000.
Labor accommodation consisting of 24 rooms and a kitchen:
3 large rooms, rented at AED 2,400 per room/month.
21 rooms, rented at AED 1,900 per room/month.
A licensed caravan used as a caretaker’s room, rented for two beds at AED 600 per month.
All units are currently leased.
Multiple sources of income.
Potential for future rent increases.
Gross rental yield of approximately 12.8% per annum (based on the stated income and asking price, before expenses and fees).
For further details or to arrange a viewing, please contact us.
Mahmoud El-Desouky | Dar Al-Mulook Real Estate |