a distinctive residential and commercial building

For sale directly from the owner, a distinctive residential and commercial building located in Al Mowaihat in a very vibrant and strategic area close to all essential services. The building is approximately three hundred meters from Mercaz Mall and only one hundred meters from Choueifat School, which adds strong value and continuous demand for the property. The building features high quality finishing and excellent construction standards.

The property consists of a ground floor plus four additional floors. The land area is approximately ten thousand six hundred square feet, while the total built up area is around forty thousand square feet. The building includes a total of forty units with a well diversified mix that meets different rental needs. There are sixteen one bedroom apartments with an annual rent of thirty six thousand dirhams per unit, and sixteen two bedroom apartments with an annual rent of forty six thousand dirhams per unit. In addition, the building includes three studio units, each rented at twenty six thousand dirhams per year.

The property also features five commercial shops on the ground floor, each rented at fifty five thousand dirhams annually, providing strong commercial income alongside residential returns. The current total annual income reaches one million seven hundred and twenty thousand dirhams. The asking price for the building is nineteen million three hundred thousand dirhams, with room for negotiation in case of serious interest. This is a solid investment opportunity with stable income and an excellent location. 0504551359

a distinctive residential and commercial building

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