Building in the Al Hamidiya area, very excellent location,-------
"Presenting a prime investment opportunity: a building for sale in the sought-after Al Hamidiyah area, boasting an exceptional location in close proximity to the Passports Office, the Court, and Ajman Traffic. This spacious property spans an area of 4200 square feet, offering a blend of residential and commercial spaces across ground and four upper floors, situated on a corner and a main street.
Comprising 3 shops, 16 rooms, and a hall, the building features central air conditioning for added comfort. Currently yielding an income of 318 thousand dirhams annually, the potential for increased returns is significant, with projected earnings of 412 thousand dirhams per annum upon lease contract renewal.
What sets this property apart is its newness and strategic location, presenting an opportunity for the owner to further maximize returns. With the possibility of furnishing the apartments, the potential income could soar to approximately 700 thousand dirhams annually.
Priced at 4 million and 200 thousand dirhams, this property represents a lucrative investment proposition in the thriving real estate market of Ajman. "
Comprising 3 shops, 16 rooms, and a hall, the building features central air conditioning for added comfort. Currently yielding an income of 318 thousand dirhams annually, the potential for increased returns is significant, with projected earnings of 412 thousand dirhams per annum upon lease contract renewal.
What sets this property apart is its newness and strategic location, presenting an opportunity for the owner to further maximize returns. With the possibility of furnishing the apartments, the potential income could soar to approximately 700 thousand dirhams annually.
Priced at 4 million and 200 thousand dirhams, this property represents a lucrative investment proposition in the thriving real estate market of Ajman. "
Property Information
- TypeCommercial Building
- PurposeFor Sale
- Reference no.Bayut - 103345-hhpqPT
- CompletionReady
- Average Rent
- Added on29 December 2023
Features / Amenities
CCTV Security
Satellite/Cable TV
Freehold
Trends
Mortgage
Location & Nearby
Location
Schools
Restaurants
Hospitals
Parks