Building for sale strategic location on main Road

**Exceptional Freehold Investment Opportunity | Prime Mixed-Use Development Plot**

* Strategic Main Road Location

* Usage: Commercial + Residential

* Freehold Ownership

* Ideal for Real Estate Developers & Investors

An outstanding opportunity to acquire one of the largest land plots in the area, offering strong current rental income with exceptional future redevelopment potential. Perfect for a commercial tower or a high-return mixed-use project.

# Plot Details

• Total Plot Size: 32,115 Sq. Ft.

• Current Permit: Ground + 1 Floor

• Approved New Permit: Ground + 8 Floors

* Asking Price: AED 15,000,000

* Price Per Sq. Ft.: Only AED 467

# Existing Property Details

# Plot 1

• Building comprising 15 Residential Apartments

• 7 Retail Shops

# Plot 2

• 10 Retail Shops

• 1 Villa (Rear Side)

* Building Age: 25+ Years

* Important Note:

The existing building is old, allowing the owner to issue an official demolition notice through the municipality for redevelopment purposes.

## Current Annual Rental Income

• Income 1: AED 180,800

• Income 2: AED 363,433

• Income 3: AED 65,000

* Total Annual Income: AED 609,233

## Investment Highlights

* Prime commercial location on a main road

* Largest land size in the area

* Freehold ownership

* Approved for G + 8 floors

* High redevelopment potential

* Suitable for commercial tower or mixed-use development

* Immediate rental income until redevelopment

* Rare opportunity for long-term capital appreciation

* Contact us today for more details, feasibility discussion, or to arrange a site visit.

*Globex Real Estate - Your ideal destination for exceptional propertie

Building for sale strategic location on main Road

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