A rare and genuine investment opportunity for those seeking a guaranteed income-generating business in one of Ajman's most vibrant and sought-after areas. This existing, leased commercial building boasts a prime strategic location serving a variety of business activities, making it an ideal choice for investors looking for a steady income with high potential for future growth.
Location Details:
The building is located in Al Rawda 3, Ajman, an area known for its high population density and vibrant commercial activity. Its prime location on a main street and at the corner of three streets is a rare advantage that significantly increases the property's market value. This prime location offers shops unobstructed views and excellent access from all directions, boosting commercial demand and increasing the potential for higher rental rates in the future.
Building Details:
The building is entirely commercial, with permits for a ground floor plus one upper floor. It sits on a plot of 7,200 square feet, an excellent size that allows for a practical layout of shops and optimal land utilization.
The building comprises 12 commercial units, all strategically located and boasting prominent street frontages, making it ideal for various businesses such as supermarkets, pharmacies, retail outlets, service providers, offices, and other essential services in the area.
Income and Return on Investment:
The building's current annual income is AED 250,000, due to the existing rents being lower than the actual market rate for the area.
The projected income after updating the contracts and increasing rents to reflect current market rates is AED 360,000 annually. This represents a significant increase in annual returns without requiring any additional construction costs, making this building a smart investment opportunity with a potential for growth.
Additional Features: – Corner location on three main streets.
– A vibrant commercial area with high demand for shops.

– A suita

For sale: Investment opportunity/Special price/Sta

Amenities

Location

Provided by

Get the right mortgage for you

Regulatory information

Regulatory information

Own this property from just