For sale: Spacious building with excellent income.

Type

Residential Building

Purpose

Sale

Furnishing

Unfurnished

Updated

4th May 2026

Completion Status

Ready

A detailed description of the building for sale -lewara 2
Location and General Features:
Location: Lewara2, behind the Orient Towers, very close to the Port Street, making it strategically located near transportation and commercial services.
Area: A spacious land of 2000 square meters, offering multiple opportunities for investment or future development.
Floors: A two-story building (ground and first floor), suitable design for residential living or long-term renting.
Interior Layout and Units:
Number of apartments: 3 independent apartments.
Each apartment consists of two bedrooms + a spacious living room. The practical design is suitable for families or tenants looking for comfortable spaces.
Entrances and Common Facilities: Separate entrances for each apartment (if available) and common spaces allowing easy movement and access.
Rental Status and Returns:
Current Status: The building is fully leased by one investor, providing a steady income without the need to search for tenants.
Current annual income: 75,000 (please specify the currency if desired).
Type of Lease: Leased on a long-term contract (details such as duration and terms should be clarified with the owner or by reviewing the contract when agreed upon).
Investment Opportunities and Potential Additions:
Income Increase Potential: Rehabilitating the apartments or improving the finishes to raise the rental value, or converting part of the space for commercial use if permitted.
Development Potential: The large space allows for adding floors or additional residential units (according to local laws and building permits).
Maintenance Ease: Having a current tenant investor may mean regular rent payments, but it is important to inspect the building's condition and maintenance bills to understand ongoing expenses.
Points to Verify Before Purchase:
Specify the currency used in the price and income.
Review the current lease agreement (contract duration, eviction terms, rent increase, maintenance obligations).
Status of documents, ownership, and legal papers (title deed, building permits, any liens or financial obligations).
Technical inspection of the building (structures, foundations, plumbing, electricity, finishes).
Ensure essential facilities are available (parking, sewerage and water services, separate meters for each unit if possible).
For further details and contact information, please provide a phone number or email, and I will prepare a ready-to-publish advertisement including contact details.
Asking Price: 950,000

Posted on: 23rd March 2026