Retail Investment opportunity|Stable Income|For Sale|Sharjah

Al Quoz Industrial Area 4, Sharjah Industrial Area, Sharjah

160,000,000 AED

Est. Mortgage 564,608.045 AED/mo*

Property Type: Warehouse
Bathrooms: 0
Property size: 431529 Sqft
Completion Status: Completed

Location

Map

Property Amenities

Broadband ready
Bus services
Business Center
Mosque
Public parking
Restaurants
Shopping mall
Shops

Description

Rare warehouse retail investment opportunity with stable income and significant growth potential

Sharjah Furniture Complex sits prominently at the center of the ever-developing Industrial Area 4, Sharjah.
Go to destination for B2B and B2C furniture sales.
80% occupied with expected occupancy of 90% in the next 3 months.
Diverse tenant mix with strong covenant strength anchored by brands such as Home Centre, Home Box, Pan Gulf, Danube and Home r us.
Gross annual income of AED 11.62 million.
Minimal operational expenditure.
GLA totaling 431,529 sq ft across 90 retail, showroom and office units with substantial private car parking space.
Private Freehold Available for purchase by GCC Nationals

Savills Sharjah have been exclusively appointed to advise on the disposal of the asset. Viewing of the property is strictly by appointment only and must be arranged via Savills Sharjah.

For additional information and viewing arrangements, please call us at +971 56 215 3590 or email us at and/or

Company name: SAVILLS Middle East
Address: 2701-C Al Marzouqi Towers, King Faisal Street, Sharjah, UAE P.O.Box 3615
Email:
Website: http://sharjah.savills.ae

Founded in 1855,SAVILLSis 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.