Fully Rented Building for Sale | AED 620K Annual Income | Muweilah Commercial

Fully rented investment building for sale in a prime location in Muweilah Commercial, Sharjah. The property is the third building from Sheikh Mohammed Bin Zayed Road and approximately 120 metres from the main road.
Building Details:
• Plot size: 5,651 sq. ft.
• Ground floor + 3 floors
• Front and rear access on two 36-metre-wide roads
• Approximately 8 years old
• Completion date: 13 June 2018
• Fully rented
• Annual rental income: AED 620,000
• Current gross return: approximately 7.3%
Unit Mix:
• 6 retail shops
• 12 one-bedroom apartments
• 3 two-bedroom apartments
• Total residential units: 15 apartments
Location Highlights:
• Third building from Sheikh Mohammed Bin Zayed Road
• Approximately 120 metres from the main road
• Prime location in an active commercial area
• Two-road frontage
Ownership is available exclusively to UAE and GCC nationals.
Asking Price: AED 8,500,000
For further information or to arrange a viewing:
Eslam Bakr
Al Basmah Real Estate