Muwaileh, Sharjah

الوصف باللغة الإنجليزية:Turnkey Fully Renovated Investment Building for Sale in Muwaileh, Sharjah – Guaranteed Net Returns! We are pleased to offer a fully renovated residential & commercial investment building for sale, strategically positioned second plot from the main paved road in the prime district of Muwaileh, Sharjah. Fully master-leased to a single tenant under a secure 2-year lease contract, this asset offers zero-maintenance passive income with handed-over post-dated cheques.
Location & Plot Size:

Location: Muwaileh, Sharjah (Prime position, 2nd plot from the main paved asphalt road).
Plot Area: 3,200 Sq. Ft.

Building Specifications & Upgrades (16 Total Units):

Renovation Status: Fully renovated interior with high-quality finishes.
AC System: Brand-new split AC units installed across all units.
Unit Breakdown:
- 14 One-Bedroom Apartments (1BHK with closed kitchen & balcony).
- 1 Studio Apartment.
- 1 Retail Shop.

Financials & Investor Highlights:

Leasing Structure: 100% Leased to a single tenant under a 2-year contract.
Net Annual Income: AED 450,000 (NET).
Maintenance Terms: 100% of all maintenance and repair costs are covered by the tenant.
Payment Terms: 4 Annual Cheques (2 Cheques already collected; remaining cheques transfer directly to the buyer upon sale closing).
Asking Price: AED 4,500,000 (Cash Payment).