Property Overview
This prime commercial building is located on Jabal Street in the highly sought-after area of Al Amerat. With a total land area of 600 sqm, the property offers a strategic and high-visibility location ideal for businesses and residential tenants alike.
Building Specifications
• Total Floors: Ground Floor + 3 Floors (with the potential to add 3 additional floors + a penthouse, as per the layout)
• Ground Floor Shops: 4 units, total space of 175 sqm
• Residential Units: 28 one-bedroom flats (1BHK)
• Rental Income:
o Monthly Rent: OMR 4,010
o Annual Rent: OMR 48,120
Financial Overview
• Price: OMR 510,000
• Current Rental Yield: Approximately 10% annually based on existing rental income
Key Features
• Prime Location: Situated on the main Jabal Street, ensuring high traffic and excellent visibility for the ground floor shops.
• Investment Opportunity: Potential to increase the building height by adding 3 more floors and a penthouse, increasing rental income and property value.
• Stable Income: With 28 fully rented flats and 4 commercial shops, the building provides a stable and significant rental income.