Price AED 30,000,000 GCC ownership only

Rates Payable Upon Enquiry

Service Charge n/a

Estate Charge n/a

Description

Savills Real Estate is proud to offer this fully leased mixed use investment opportunity, located in Industrial Area 2, Sharjah. The property comprises 75 residential apartments, a small worker camp, 14 retail units across 2 buildings, a G+1 commercial building previously used as a jewellery factory and 8 warehouses.

Property Highlights:


Mixed-use (Residential, Commercial, and Industrial permission)
Height: G+5
Plot Area: 90,188.33 sqft
Close to Sharjah - Dubai border
Corner plot, opposite SEDANA


Occupancy: 95%
Current Gross income: AED 3,400,000/-
Gross Market Rent: AED 4,100,000/-
Asking price: AED 30,000,000/-
Net yield of over 12% on reversion.


*Agency fee is applicable


For additional information and viewing arrangements, please call us at +971 6 5723794.


Company name: SAVILLS Middle East
Address: 2701-C Al Marzouqi Towers, King Faisal Street, Sharjah, UAE P.O.Box 3616
Email: leasing.shj@savills.me
Website: http://sharjah.savills.ae


Founded in 1855, SAVILLS is a global real estate firm with more than 35,000 staff and 600 offices worldwide. In the Middle East, we have been the regional leader and real estate advisor of choice for over 42 years. The team provides an array of specialist services including strategic consultancy, valuations, residential sales and leasing, commercial sales and leasing, property and facilities management, international tenant representation, international residential and market research.