For Sale - Workers' Accommodation in Old Sajaa (Behind the Cement Factory)
Dust Road Entrance
Land Area: 20,000 sq ft
52 Rooms
2 Kitchens + Storage Room + Guard Room
2 Commercial Shops
Lease Details:
Accommodation is leased under a new (notarized) 3-year contract starting in November to a company for AED 499,200 annually.
An agreement has been reached with the current tenant to reduce the first installment from AED 124,800 to AED 83,200 in exchange for commencing full maintenance of the accommodation.
Two commercial shops are leased at AED 18,000 each (totaling AED 36,000 annually under separate contracts).
Total Annual Income: AED 535,200
Asking Price: AED 6,500,000
GCC Ownership
Location: Sharjah, Sajaa Industrial Area