BHD 400,000
7+ Bedrooms
7+ Bathrooms
17,222 sqft / 1,600 sqm
WHOLE BUILDINGS FOR SALE IN EXHIBITION ROADFOR SALE – PRIME RESIDENTIAL BUILDING IN HOORA, BAHRAIN
An excellent investment opportunity is now available in one of Manama’s most central and sought-after districts. This residential building is strategically located in Hoora on Exhibition Avenue, directly behind Jasmi’s Restaurant, and occupies a prominent corner plot, ensuring high visibility and accessibility for tenants.
PROPERTY DESCRIPTION:
• Total of six floors offering a solid structure and functional layout.
• Land Area: 380 sqm (corner plot).
• Built-up Area: approximately 1,600 sqm, providing a spacious living environment across all units.
• Comprising 20 well-sized apartments:
• Ten 1-bedroom apartments with living room (each approximately 55 sqm).
• Ten 2-bedroom apartments with living room (each approximately 65 sqm).
CONDITION AND MAINTENANCE:
The building is currently in need of renovation to bring it up to modern standards. A detailed maintenance quotation has already been prepared for the full scope of works, with a total cost of BHD 60,000. This allows the new owner to plan upgrades efficiently and quickly make the property rental-ready for maximum returns.
VALUATION AND PRICING:
A recent professional valuation dated 3 May 2025, conducted by Carlton Real Estate on behalf of Ahli Bank, has placed the property’s market value at BHD 500,000. The property is now being offered for sale at only BHD 400,000, presenting a significant discount from its assessed value. The price remains negotiable for serious buyers, offering an excellent opportunity for capital appreciation.
INVESTMENT POTENTIAL:
With its prime location, large number of residential units, and strong rental demand in the area, this building offers exceptional potential for steady income generation. Once renovated, it can be marketed to both local tenants and expatriates, ensuring high occupancy rates.
Exhibition road - corner plot - low price
An excellent investment opportunity is now available in one of Manama’s most central and sought-after districts. This residential building is strategically located in Hoora on Exhibition Avenue, directly behind Jasmi’s Restaurant, and occupies a prominent corner plot, ensuring high visibility and accessibility for tenants.
PROPERTY DESCRIPTION:
• Total of six floors offering a solid structure and functional layout.
• Land Area: 380 sqm (corner plot).
• Built-up Area: approximately 1,600 sqm, providing a spacious living environment across all units.
• Comprising 20 well-sized apartments:
• Ten 1-bedroom apartments with living room (each approximately 55 sqm).
• Ten 2-bedroom apartments with living room (each approximately 65 sqm).
CONDITION AND MAINTENANCE:
The building is currently in need of renovation to bring it up to modern standards. A detailed maintenance quotation has already been prepared for the full scope of works, with a total cost of BHD 60,000. This allows the new owner to plan upgrades efficiently and quickly make the property rental-ready for maximum returns.
VALUATION AND PRICING:
A recent professional valuation dated 3 May 2025, conducted by Carlton Real Estate on behalf of Ahli Bank, has placed the property’s market value at BHD 500,000. The property is now being offered for sale at only BHD 400,000, presenting a significant discount from its assessed value. The price remains negotiable for serious buyers, offering an excellent opportunity for capital appreciation.
INVESTMENT POTENTIAL:
With its prime location, large number of residential units, and strong rental demand in the area, this building offers exceptional potential for steady income generation. Once renovated, it can be marketed to both local tenants and expatriates, ensuring high occupancy rates.
Property details
Property Type
Whole Building
Property Size
17,222 sqft / 1,600 sqm
Bedrooms
7+
Bathrooms
7+
Available from
14 Aug 2025
Amenities
Security
Lobby in Building
Location
Provided by
Domestic Designs
See agency properties (5)Response time
within 5 minutes
Experience
6 years
Languages
English, Arabic, French
Regulatory information
Regulatory information
Reference
01K2KZRZRN7GB1CVEN7WAYT63S
Listed
2 days ago
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Payment method
Cash
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