Prime Investment Opportunity: Property for Expansion or Reconstruction

Name: Prime Investment Opportunity: Property for Expansion or Reconstruction
SKU: 116058135

Ain El Remmaneh, Beirut

4 weeks ago

Highlights

Size (m²)399

Details

Land typeOther

Reference IdHS16

Description

Property Details: - Size: 399m² with possibilities for expansion or reconstruction. Current Building Specifications: - Ground Floor: Three retail shops. - Parking: Indoor and outdoor spaces available. - Structure: Five floors, each with two apartments: - Each Floor: 166m² - Southern Apartments: 76m², includes 2 bedrooms, a living room, kitchen, bathroom, and 3 balconies. - Northern Apartments: 89m², includes a living room, dining room, 2 bedrooms, kitchen, bathroom, and 3 balconies. Future Development Potential: - Expansion: Option to add 2 more floors, creating a 7-floor building under the current investment ratio. - Reconstruction: Possibility to demolish and build up to 11 floors, with 190m² of livable space per floor. Investment Potential: - Renovation: Ideal for investors aiming at furnished apartment rentals, with an estimated annual return of $100,000. Features: - Documentation: Clean municipal bond and fully paid financial certificate. - Utilities: Reliable water supply, state-maintained elevator, and individual electricity meters for each apartment. Rehabilitation Required: - The building needs renovation and development to be move-in ready. Price: $ 800.000 + % 2.5 commission FOR FURTHER INFO DO NOT HESITATE TO CONTACT US ON 70 00 40 35 Stage Properties is built around a community of passionate, like minded professionals with one goal to achieve the best result for each and every client. We are passionate, skilled, highly trained and committed to deliver an unparalleled real estate experience every time. From Dubai we’ve just launched in Lebanon!

Location

Lebanon