Al Majaz 1, Al Majaz

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Furnished Commercial Whole Buildings for sale in Al Majaz 1

Alhady   Mohamed

MUSTASHAR AL AWAL REAL ESTATE  L.L.C.SP

Building for Sale in Al Shuwaiheen – Sharjah

A great investment opportunity to own an income-generating building in Al Shuwaiheen, Sharjah. The building is located in a vibrant area and offers a combination of residential units and commercial shops, providing multiple sources of rental income. It also includes vacant units, giving the new owner the potential to increase the annual income.

Property Details:

Location: Al Shuwaiheen – Sharjah
Plot Area: 2,516 sq. ft.
Number of Floors: 6 Floors
Total Studios: 36 Studios
Rented Studios: 29 Studios
Vacant Studios: 7 Studios
Commercial Shops: 4 Shops
Shop Status: All Shops Rented
Current Annual Income: AED 631,000
Asking Price: AED 5,800,000

The building consists of a total of 36 studios, including 29 currently rented studios and 7 vacant studios. In addition, the property includes 4 commercial shops, all of which are currently rented, providing the investor with an established annual income from both residential and commercial units.

One of the key investment advantages is the availability of 7 vacant studios. The new owner can potentially generate additional income by leasing these units, subject to prevailing market rental rates and tenancy terms.

The building benefits from diversified income sources, combining residential studios with commercial shops. This makes it suitable for investors looking for an existing income-generating property rather than a property that requires development or construction.

Al Shuwaiheen is a vibrant area in Sharjah with strong residential and commercial activity and convenient access to various services and facilities, making it suitable for both residential and commercial tenants.

The asking price for the entire building is AED 5,800,000, with a current annual income of AED 631,000. Based on the asking price, this represents an approximate gross rental yield of 10.88%, before expenses and operating costs.

The property is suitable for investors looking to own an investment buildi

Furnished Commercial Whole Buildings for sale in Al Majaz 1

Building for Sale in Al Shuwaiheen – Sharjah

Alhady Mohamed

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