Building for Rent in Riyadh Al Jaradiyah

🏷️ investment residential building 📍*al-jaradiyah district – south riyadh* an investment residential building in a strategic location with integrated services, situated near the metro station, al-suwaidi park, and al-qasr mall. it is surrounded by main roads with easy access, in addition to nearby markets, public facilities, and parks. *🔹 property details:* - area: 200 m² - number of units: 6 apartments - layout: most with a majlis + 3 rooms, and one apartment with 2 rooms + a living hall - age: approximately 10 years - condition: fully renovated - number of meters: 5 independent electricity meters *🔹 current leasing:* - current rent: sar 130,000 per year - company contract expires: in approximately one month - payment regularity: regular *🔹 investment contract details:* - original contract term: 10 years - remaining term: approximately 8 years and 2 months - base rent payable to the owner: sar 60,000 per year - current rent from the tenant: sar 130,000 per year - payment method: in two installments - periodic increase: none - transfer of lease rights (taqbeel) permitted: yes - subleasing: permitted - owner's approval: no objection *💰 transfer of lease rights (taqbeel) amount:* *sar 250,000* in the event the lease rights are transferred without commitment to an investment contract covering the entire term, with the investor taking over the operation and investment of the property after the current contract ends. *⭐ investment advantages:* 1. prime location in al-jaradiyah district, south riyadh 2. clear and profitable rent spread (sar 60,000 paid to the owner versus sar 130,000 rent received) 3. long remaining contract term of more than 8 years with no periodic increase 4. subleasing permitted and no objection from the owner 5. proximity to services and transportation, with easy access *📍 property location:* al-jaradiyah district – south riyadh | near: metro station – al-suwaidi park – al-qasr mall – bin dayel market