Fully Rented Residential Building for Sale in Industrial Area 4, Sharjah on Corner Plot, 9.5% Fixed Income, Citizens & GCC Ownership
• Excellent investment opportunity to own a fully rented residential building in Industrial Area 4, Sharjah, located on a corner plot with two main streets, offering 9.5% fixed annual income, ideal for investors seeking stable returns.
• Plot area: 25,350 sq. ft., built-up area: 35,000 sq. ft., G+4+R building permit, 18 years old, in excellent condition.
• The building consists of 38 apartments: 19 two-bedroom units, 18 three-bedroom units, and 1 studio, plus 8 retail shops and 2 elevators for easy access within the building.
• Air conditioning system: window units. Current annual income: AED 1,880,000 with potential increase upon contract renewals.
• Ownership available for UAE citizens and GCC nationals only.
• Asking price: AED 18,000,000, negotiable.