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Residential Bldg for an Investment at RAK

 AED 75,000,000
Location: UAE » Ras Al Khaimah  » Mina Al Arab
Property Ref:
CRL-S-6920
Posted:
November 1, 2016
Bedrooms
Studio
Bathrooms
0
Size
76736.00 sqft
Furnished
Unknown
Listed By
Agent
Description
2 residential building that can be converted to a Hotel Apartments at Lagoon Walk, Ras Al Khaimah

All apartments are fully furnished

Location: Mina Al Arab

Both buildings are on the centre of Lagoon walk that benefits the use of swimming pool, parks and retail outlets

All units are vacant now

Return of Income: 7.1%

Average service charge circa AED10 per square foot

Building 1 comprises of:
- studio x 20 units
- One bedroom x 20 units
- Two bedrooms x 10 units
- Retail 7,054 square feet total size

Building 2 comprises of:
- Studio x 20 units
- One bedroom x 20 units
- Two bedrooms x 10 units
- Retail 7,058 square feet total size

Expected average rental rate per year for;

Studio for AED28,000
One bedroom for AED45,000
Two bedrooms for AED58,000
Retail for AED90 per square foot

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