Reference ID : HRA001HA1
For Sale BHD 1,800,000 - Residential Building
Building near Exhibition Road yielding 11% net return!
Area Hoora
This is a fully furnished corner plot residential apartment building that is in a quiet area of Hoora close to all restaurants, shopping malls, and schools. The building is seven stories and offers 24 spacious two bedroom apartments. The owner is looking to sell this building for 1,800,000 BHD. The size of the land is 517.7 Sqm. The building is currently being rented to one tenant giving the investor a net yield of 11%. The maintenance and management of the building is chargeable to the tenant. The investor taking this building will make 16,000BD monthly, net of all expenses.
Monthly Net Income: 16,000 BHD
Yearly Net Income: 192,000 BHD
ROI: 10.6%
Notes:
- This building is 4 years’ old but has been well maintained
- Close to all the shops and restaurants
- Plot Size: 517.7 sqm
- Corner plot adjacent to two roads
- 24 car parking spaces
- Ladies and Gents Gym
- A large communal laundry facility
This listing is subject to availability and client approved financing. Actual property may differ from photographs posted and information listed is subject to change without notice.
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