Bayut - 03-2BR-2Parking-20th-500k-SL

Map

AED500,000

Est. Payment AED 2.1K/mo

Get Pre-Approved

Sunlight Building, Al Nad, Al Qasimia, Sharjah

2 Beds

2 Baths

1,002 sqft

2BR Apartment with Balcony & 2 Parking Spaces for Sale | Sunlight Tower, Sharjah

Freehold for Arab Nationalities | Rented Property | Excellent Investment Opportunity
Discover an excellent investment opportunity in Sunlight Tower, Al Qasimia, Sharjah. This spacious 2-bedroom apartment features a private balcony and two dedicated parking spaces, making it an attractive option for investors seeking immediate rental income and long-term investment potential.

Property Details

Location: Sunlight Tower, Al Qasimia, Sharjah
Bedrooms: 2
Balcony: Yes
Apartment Size: 1,002.10 Sq. Ft.
Parking: 2 Dedicated Spaces
Total Parking Area: 262.63 Sq. Ft.
Ownership: Freehold for Arab Nationalities Only
Selling Price: AED 500,000

Investment Details

Current Annual Rental Income: AED 43,500 (Apartment & Parking)
Annual Service Charges: AED 6,551
Net ROI: 7.39%
Tenancy Contract Expiry: September 2027
Rental Potential: Opportunity for a future rental increase, subject to applicable regulations.

Why Invest in This Property?

Immediate Rental Income: Currently rented, providing an existing income stream.
Attractive Investment Returns: Approximately 7.39% net annual ROI based on the current rental income and service charges.
Two Parking Spaces: An added advantage for both tenants and future buyers.
Freehold Ownership: Available to buyers of Arab nationalities.
Future Rental Growth Potential: Opportunity to review the rental value upon renewal, subject to applicable rental regulations.

An excellent opportunity to own an income-generating property in Sharjah with attractive rental returns.

Contact Al Hoor Real Estate today for more information, property details, or to arrange a viewing.