Gebouw in Al Nakhil, 6100000 AED - 16719774

Residential and commercial investment building available for sale in Al Nakheel, Ajman, ideally located next to the Gold Souq and positioned as the second building from Sheikh Rashid Bin Humaid Street.
Property Details:
Location: Al Nakheel – Ajman
Classification: Residential & Commercial
Building: Ground + Mezzanine + 3 Floors
Plot Area: 305 sqm
Plot Area: 3,280 sq ft
Second Building from Sheikh Rashid Bin Humaid Street
Next to Gold Souq
Excellent Location
Unit Mix:
10 × 1 Bedroom + Living Room Apartments
9 × Commercial Shops
Mezzanine
Building Age: More than 15 Years
Current Annual Income: AED 500,000
Income Has Potential to Increase
Asking Price: AED 6,100,000
An investment opportunity in Al Nakheel, Ajman, featuring a strategic location near Sheikh Rashid Bin Humaid Street and next to the Gold Souq.
The property is built on a 3,280 sq ft plot and consists of Ground + Mezzanine + 3 Floors, with 10 one-bedroom apartments, 9 commercial shops, and a mezzanine.
The current annual income is AED 500,000 with potential for future rental income growth.
Based on the current income and asking price, the approximate gross rental yield is 8.2% per year, before any potential increase in rental income.
Asking Price: AED 6.1 Million.