Description

Translated automatically from Arabic.

New commercial building, plot area 1,680 m², on 3 streets of 40 m, 20 m and 15 m wide. Building age: 6 months. It consists of 12 commercial shops and 12 residential apartments.

The apartments are fully leased under a single 20-year contract for an annual amount of 456,000 SAR. The shops are leased under multiple separate contracts for 665,000 SAR. Rents are paid in semi-annual instalments.

Apartment details: each apartment has 3 bedrooms, a living room, a kitchen and 2 bathrooms.

Each shop is approximately 51 m².

The building's total annual rent is 1,121,000 SAR. Rental yield on the property value: 7.5%.

All guarantees are in place, and the property is insured.

Prime location in the middle of Al Musa district, with all services complete: water, sewerage and fibre optic.

Asking price: 14.8 million SAR. Minimum: 15 million SAR net.