A prime investment opportunity: own a residential and commercial building in a prime location in Ajman, specifically in Al Nakheel 2, near Ajman Corniche. This area is highly sought after for both residential and investment purposes due to its proximity to the sea and its comprehensive services.
The building comprises a ground floor plus four upper floors, housing 20 diverse units to meet the needs of various tenant segments. It includes three retail shops providing a stable income stream, nine one-bedroom apartments, and eight studios, ensuring diversified income sources and minimizing vacancy rates.
The building currently generates an annual income of AED 425,000, with the potential to increase to AED 508,000 annually, making it a strong investment opportunity with a growing return. The land area is 3,751 square feet, and the building is eight years old, meaning it remains in good condition and requires only minor maintenance.
The location boasts proximity to all essential services such as markets, restaurants, transportation, and schools, in addition to easy access to main roads, enhancing the property's appeal to tenants and increasing income stability.
The asking price of AED 5,500,000 is negotiable and is considered reasonable given the current and future income potential and the strategic location.
If you are looking for a ready-to-move-in property investment with stable returns and future growth potential, this building is an ideal choice that combines location, income, and a variety of unit types.