🔴 golden investment opportunity: residential-commercial building 🔴
📍 location: khamis mushait city, east al-nu'man district (corner location). very close to king fahd armed forces hospital and king khalid air base, ensuring continuous rental demand throughout the year.
📏 technical specifications:
• land area: 1,044 m²
• total built-up area: 2,604.3 m²
• frontage: located on two streets; a main commercial street of 30m (east) and a secondary street of 20m (north)
• age: 12 years | building is serviced with a functional elevator
🏢 unit details (18 apartments + 5 shops + telecom tower):
• 14 apartments (3 bedrooms, living room, kitchen, 2 bathrooms)
• 4 apartments (2 bedrooms, living room, kitchen, 1 bathroom)
• shops: 5 fully rented shops with active businesses
• 🌟 exceptional feature: apartments rented under a unified electronic contract to a "closed joint-stock company" (staff accommodation), ensuring financial stability and high security for the owner
• (currently 12 apartments are rented, and 6 apartments are vacant, defect-free, and ready)
💵 financial overview (strong & stable income):
• asking price: sar 4,600,000
• current actual income: sar 357,000 per year
(breakdown: sar 229,200 from apartment rentals + sar 97,800 from shop rentals + sar 30,000 from rooftop telecom tower rental)
• expected annual income: sar 440,000 (total figure if the 6 vacant apartments are rented)
📈 this property is suitable for:
🟢 investors: an operational asset with stable income and documented corporate contracts, with an immediate opportunity to increase returns
🟢 endowments and family portfolios: diversified returns (commercial, residential, towers) in a prime location that is easy to rent out
