Commercial Buildings for Sale in Sharjah

Bayut - TILAL-CITY-building

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AED7,500,000

Est. Payment AED 27.0K/mo

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Tilal City, Sharjah

14,600 sqft

Brand New Building for Sale – Tilal City, Sharjah

Brand New Building for Sale – Tilal City | Sharjah
Brand new building located in Tilal City, Sharjah, consisting of Ground + 3 Floors + Parking
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Plot Area: 5,530 sq. ft
Built-up Area: 14,600 sq. ft
Total Apartments: 9
All apartments are 2-bedroom units, each consisting of 2 bedrooms, 2 bathrooms and 1 powder room
Currently, 2 apartments are rented at AED 60,000 per year each, and 3 apartments are booked. The building can be marketed with 5 units

:rented/booked
At an annual rent of AED 60,000 per apartment, the total projected annual rental income for all 9 apartments is AED 540,000
The building comes with one year of free maintenance from the construction company
The previous asking price was AED 8,000,000. The property is now available for urgent sale
The expected rental ROI is more than 7.5%, depending on the final selling price and actual rental income
Freehold ownership for all nationalities
The new owner will also benefit from the existing rental income from the landlord, subject to the applicable tenancy agreements