Building for Sale in Jeddah As Salamah

the property's annual income with fixed contracts is 720,000 saudi riyals, + (there are spaces with a rental value of 100,000 riyals that are unleased in the apartments and will not be counted in the current income until they are rented.) asking price for the property: 8,000,000 riyals real estate transaction tax: 400,000 riyals | commission: 240,000 riyals total including tax and commission: 8,640,000 riyals annual income: 9% of the building's value **property details:** * a building consisting of 5 floors in addition to a ground floor designated for commercial shops. * prime commercial location on abdul rahman al-sudairi street, opposite al-shu'ai mosque. * contains 20 fully furnished apartments (2 bedrooms and a living room). (current annual income from apartments is 320,000 riyals, excluding unleased spaces.) * there are two meters serving the commercial spaces with 4 openings. (all openings are leased to al-dukan company for 350,000 riyals.) * there is also a commercial meter dedicated to stc tower. (leased for 50,000 riyals annually.) the property is approximately 17 years old and has been fully renovated. fal license no.: 1100308968 advertisement license no.: 7100297602 contact number: 0558332555