Geepas Building 3, Al Rashidiya, Al Rashidiya 2

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Commercial Whole Buildings for sale in Geepas Building 3

Mohamed Hassan

AL MUTAIRI  REAL ESTATE L.L.C

# Corner Building for Sale on Two Asphalt Roads in Al Rashidiya – Ajman

A highly attractive investment opportunity is available for sale in Al Rashidiya, Ajman, featuring a prime corner location on two asphalt roads directly on Al Ittihad Street. The building is located opposite Falcon Towers, next to Middle East, and close to Nesto Hypermarket, providing excellent accessibility to major roads, commercial areas, residential communities, and essential services.

The property is an income-generating residential and commercial building with a current annual income of AED 795,000. In addition, there are 3 commercial shops that are currently vacant and have not been included in the existing annual income, offering potential for additional income once leased.

The corner location on two asphalt roads is one of the property's major advantages, providing strong accessibility, better exposure, and convenient access from different directions. Its position on Al Ittihad Street further enhances the property's investment appeal and connectivity.

The plot size is 4,200 square feet, and the building consists of a total of 36 units, offering a combination of residential apartments, a studio, and commercial shops. This diversified unit mix provides multiple income sources and makes the building suitable for investors looking for a ready income-producing asset with future income growth potential.

The building consists of 30 one-bedroom apartments with living rooms, 1 studio apartment, and 5 commercial shops. Out of the 5 shops, 3 are currently vacant and have not been included in the current annual income of AED 795,000.

The building is 15 years old and offers a practical combination of residential and commercial units in a strategically positioned area. The existing rental income, combined with the additional potential from the vacant shops, makes the property particularly attractive for investors looking for both current cash flow and room for income improvement.

The location

Commercial Whole Buildings for sale in Geepas Building 3

Prime location – open view – free parking

Mohamed Hassan

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Whole-buildings Available for sale in Geepas Building 3