Property Overview
This prime commercial building is located in a strategic and high-demand area behind the wholesale centre in Al Amerat. With a total land area of 400 sqm, the property offers a prominent location ideal for commercial and residential purposes.
Building Specifications
• Total Floors: Ground Floor + 5 Floors (with potential to add 2 additional floors + a penthouse as per the layout)
• Ground Floor Shops: 8 units, total space of 211 sqm
• Residential Units: 25 flats (a mix of 1BHK and 2BHK)
• Rental Income:
o Monthly Rent: OMR 3,320
o Annual Rent: OMR 39,840
Financial Overview
• Price: OMR 410,000
• Current Rental Yield: Approximately 10% annually based on existing rental income
Key Features
• Prime Location: Situated behind the wholesale centre, ensuring high foot traffic and visibility for the ground floor shops.
• Investment Opportunity: Potential to increase the building height by adding 2 more floors and a penthouse, thereby enhancing rental income and property value.
• Stable Income: With 25 fully rented flats and 8 commercial shops, the building provides a consistent and substantial rental income.