WHOLE BUILDING FOR SALE IN AL NAKHIL 1, AL NAKHIL
The offer I put together relates to an excellent investment opportunity represented by a building for sale in the Nakheel 1 area. I will provide a detailed explanation of this investment opportunity:
1. **Location and general specifications:**
The building consists of a ground floor and 6 floors.
The building contains a variety of residential and commercial units, including 44 one-bedroom apartments, 6 studios, and 3 shops.
2. **Area:**
- The total land area is 5,960 square feet.
3. **Return on investment:**
The current annual income of the building is 717 thousand dirhams.
4. **Additional information:**
The construction age is currently 19 years.
The building is mortgaged to First Abu Dhabi Bank.
5. **Ask price:**
The asking price is the full mortgage amount without charging the seller any expenses or commissions, which is approximately 6.5 million dirhams.
**Analysis and evaluation:**
This investment opportunity seems interesting because of the good annual return the building offers compared to the asking price. The presence of a variety of residential and commercial units can increase the attractiveness of the property for tenants and investors alike. With the building mortgaged to the bank, the buyer can benefit from the opportunity to purchase at a low price compared to the actual real estate value.
**Warning:**
With every real estate investment, investors must conduct the necessary research and analysis and ensure that the information provided is correct before making any decision. It is also advisable to consult with a financial or legal advisor to ensure that the deal is consistent with the investor's personal goals and circumstances.
building for sale in Al Nakheel1 price6.5 million
Property Type:
Whole Building
Property Size:
5,960 sqft / 554 sqm
Bathrooms:
7+
Available from:
6 Apr 2024
Location
Al Nakhil 1
Ajman, Al Nakhil
Agent
Hany ALi
AMOON REAL ESTATE
(296 Properties)Amenities
Central A/C
Balcony
Security
Concierge
Maid Service
Built in Wardrobes
Vastu-compliant
Description
1. **Location and general specifications:**
The building consists of a ground floor and 6 floors.
The building contains a variety of residential and commercial units, including 44 one-bedroom apartments, 6 studios, and 3 shops.
2. **Area:**
- The total land area is 5,960 square feet.
3. **Return on investment:**
The current annual income of the building is 717 thousand dirhams.
4. **Additional information:**
The construction age is currently 19 years.
The building is mortgaged to First Abu Dhabi Bank.
5. **Ask price:**
The asking price is the full mortgage amount without charging the seller any expenses or commissions, which is approximately 6.5 million dirhams.
**Analysis and evaluation:**
This investment opportunity seems interesting because of the good annual return the building offers compared to the asking price. The presence of a variety of residential and commercial units can increase the attractiveness of the property for tenants and investors alike. With the building mortgaged to the bank, the buyer can benefit from the opportunity to purchase at a low price compared to the actual real estate value.
**Warning:**
With every real estate investment, investors must conduct the necessary research and analysis and ensure that the information provided is correct before making any decision. It is also advisable to consult with a financial or legal advisor to ensure that the deal is consistent with the investor's personal goals and circumstances.
Get the right mortgage for you
Estimate your monthly mortgage payment
Monthly payment
23,741 AED
with interest rate of
3.89%
Powered by
Reference:
Building Al Nakheel 1
Listed:
24 days ago
Broker ORN:
121394
6,500,000 AED
Own this from just
23,741 AED/monthHany ALi usually responds within 24 hours
Own this property from just
23,741 AED /month
Fixed rates from: 3.89%
Get pre-approvedIn partnership with