Edificio a Al Nasserya, 3500000 AED - 17069734

For Sale | Investment Building in Al Nasseriya – Sharjah

Property Overview:

Bin Huwaireb Real Estate is pleased to present an excellent investment opportunity: a commercial and residential building located in the Al Nasseriya area of Sharjah. Situated on a main paved road, the property features a mix of commercial and residential units, offering significant potential to increase rental income and enhance investment returns.

Property Details:

Location: Al Nasseriya – Sharjah
Plot Area: 10,000 sq. ft.
Building Structure: Ground Floor + First Floor
Property Type: Commercial and Residential

Ground Floor Details:

6 commercial shops + 1 private storage unit (for the owner’s use).
Shop 1: Rented for AED 33,000 per annum.
Shop 2: Rented for AED 30,000 per annum.
2-bedroom apartment with a living room; rented for AED 21,000 per annum (includes a private parking space).
3-bedroom apartment with a living room, kitchen, and 2 bathrooms (vacant; requires maintenance).
2-bedroom apartment with a living room, kitchen, and 2 bathrooms (vacant; requires maintenance).

First Floor Details:

2-bedroom apartment with a living room – Rented for AED 25,200 per annum.
4-bedroom apartment with a living room – Rented for AED 46,000 per annum.
3-bedroom apartment with a living room – Rented for AED 36,000 per annum.

Investment Return:

Total Current Rental Income: AED 191,200 per annum. Potential to increase income by leasing out vacant units following maintenance, with an opportunity to boost the return on investment (ROI) to over 10%, depending on the purchase price and rental income achieved.

Property Features:

Strategically located on a main paved road.
Spacious plot area of 10,000 square feet.
6 commercial shops offering opportunities for additional income.
Multiple residential units.
Vacant units available for lease after maintenance.
An investment opportunity with existing income and potential for higher returns.

For inquiries regarding price and further details:

Bin Kuwair Real Estate