Name: Whole Buildings for sale in Victoria Tower
Brand: Property Finder

Victoria Tower, Al Gulayaa

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Whole Buildings for sale in Victoria Tower

khil nasim

NASIM  REAL ESTATE L.L.C

A genuine and guaranteed investment opportunity in one of Sharjah&#39;s prime locations. We present to you a fully leased, existing commercial building in Al Qulaya, an area experiencing consistent demand for residential and commercial units due to its proximity to essential services, main roads, and easy access.
Building Details:
The building occupies a 3,900 sq ft plot and comprises a ground floor plus five upper floors. Its practical design serves the investment purpose and maximizes space utilization. Approximately 15 years old, the building is in good working order and undergoes regular maintenance to ensure consistent income and tenant stability.
Building Components:
The building includes a large number of residential and commercial units, providing diverse income streams and mitigating investment risks.
It consists of:
10 one-bedroom apartments with a living room, offering suitable sizes to meet the needs of individuals and small families.
28 studios, among the most sought-after units in the area due to their affordable rental rates and ease of leasing.
Two retail units on the ground floor, in a prime location serving the building&#39;s residents and the surrounding area, add significant investment value to the property.
Air Conditioning Systems:
All units are equipped with split air conditioning units, a preferred system for tenants due to its individual control over energy consumption and greater comfort, while also reducing operating costs for the owner.
Income and Return on Investment:
The building&#39;s current annual income is AED 704,000, due to outdated rents that have not been updated to reflect current market rates.
After applying legal rent increases and renewing contracts, the annual income is expected to reach approximately AED 825,000, increasing the return on investment and making the property more attractive to investors seeking a stable income with potential for future growth.


Whole Buildings for sale in Victoria Tower

A smart investment opportunity: Residential/Commer

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