Overview:
This fully rented G + 1 + 10 Floor full building in Al Nahda, Sharjah, offers a lucrative investment opportunity. With its prime location and diverse mix of residential and commercial units, this property is an ideal choice for investors seeking steady rental income and strong returns.

Key Points:
Property Type: G + 1 + 10 Floor Full Building
Deal Type: Sale
Ownership Type: Freehold Property, available for purchase by Local & GCC Nationality
Building Age: 2008
Location: Al Nahda, Sharjah

Financials:
Selling Price: AED 28,000,000 (Net to Owner)
Yearly Revenue: AED 2,735,000
Expenses: AED 250,000
ROI: Approximately 10% Yearly
Transfer Fees: 5% of Selling Price
Agency Fees: 2% of Selling Price

Specifications:
Plot Size: 11,063 Sqft
Built-up Size: 96,100 Sqft

Unit Breakdown:
No of Studio Apartments: 130
No of Two-Bedroom Apartments: 20
No of Shops: 3
No of Parking Spaces: 29

Usage: Residential

Description:
Located in the vibrant Al Nahda area of Sharjah, this fully rented G + 1 + 10 Floor full building presents an attractive investment opportunity in the rapidly developing real estate market of the emirate. Built in 2008, the property boasts a total built-up area of 96,100 square feet on a sizable plot spanning 11,063 square feet.

The building comprises 130 studio apartments, 20 two-bedroom apartments, and 3 shops, catering to a diverse range of residential and commercial needs. With 29 dedicated parking spaces, convenience is ensured for both residents and visitors.

Financially, the property generates a yearly revenue of AED 2,735,000, with expenses totaling AED 250,000, resulting in an impressive ROI of approximately 10% annually. The selling price of AED 28,000,000 offers an attractive net return to the owner. Transfer fees amount to 5% of the selling price, while agency fees stand at 2%.

This fully rented building represents a sound investment opportunity for discerning investors looking to capitalize on the flourishing real estate market in Al Nahda, Sharjah. With its steady rental income, strong ROI, and strategic location, it promises both immediate returns and long-term appreciation potential.

RGESTATE.COM a flagship venture by Riveria Global Group, stands as a trusted and dynamic player in the real estate domain. Committed to excellence, we specialize in connecting individuals and businesses with their ideal properties in Dubai and beyond. Our team of experienced professionals is dedicated to providing personalized and comprehensive real estate solutions, catering to diverse needs and preferences. With a focus on transparency, integrity, and client satisfaction, RGESTATE.COM continues to be a reliable partner for those navigating the vibrant and ever-evolving real estate landscape. Whether buying, selling, or leasing, we strive to make every property journey seamless and rewarding for our valued clients.