Building for sale with an 8.8% yield. Located in the Al Mamzar area, Sharjah, the property features three towers and fronts three streets, including t

Building for sale with an 8.8% yield. Located in the Al Mamzar area, Sharjah, the property features three towers and fronts three streets, including the main Al Mamzar Corniche Road.
Land area: 42,000 sq. ft.
Built-up area: 250,000 sq. ft.
Configuration: 4 basement levels + ground floor + 42 floors (4B+G+42).
1. Office tower (fully leased)
2. Residential tower (fully leased)
3. Hotel (vacant)
544 apartments
7 retail shops
4 elevators
Apartment breakdown:
316 one-bedroom apartments (1BR + living room)
41 two-bedroom apartments (2BR + living room)
8 three-bedroom apartments (3BR + living room)
28 studios
144 commercial offices
7 retail shops
Age: 4 years
Current annual income: 26,200,000 AED (based on existing lease agreements)
Asking price: 310 million AED (negotiable)
Ownership restricted to UAE and GCC nationals only.
Direct from the owner.