Building for Sale in Mecca Ash Shawqiyyah





§35,000,000
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Financing optionsthe building consists of 8 floors on two electronic deeds, each deed with an area of 500 sqm for a total area of 1000 sqm. it is located on two intersecting streets: a 64m front street and a 15m back street (basement parking + ground floor showroom + mezzanine floor + parking floor + 3 repeated office floors + residential apartments floor). there is an additional unused sub-basement floor due to civil defense requirements. there are 2 elevators. the building's current revenue is 543,000.00 sar, with two office floors and the ground floor showroom currently unleased. expected rent for unleased units: ground floor showroom 16 offices (two office floors) ground floor showroom = 400,000.00 sar two office floors = 570,000.00 sar total expected building income when fully leased = 1,513,000.00 sar (one million five hundred thirteen thousand sar). this is for the current year only, and rents can be adjusted annually as all contracts are for one year except one contract with two and a half years remaining. note that all contracts are through the ejar platform. there is a civil defense permit (expired this month and currently being renewed) and a compliance certificate for the building. water, sewage, and fiber internet services have been connected. price does not include tax and fees. this is the latest update on rental status for the mecca building: current rent: 1,306,261.00 sar (one million three hundred six thousand two hundred sixty-one sar) rent for unleased units: 194,000.00 (one hundred ninety-four thousand sar) total annual full rent: 1,500,261.00 (one million five hundred thousand two hundred sixty-one thousand sar). all these amounts are documented with electronic contracts from the ejar platform. asking price: 35,000,000.00 thirty-five million net excluding tax and fees. best regards.
Listing Details
Property Type
Residential
Street direction
Southeast
Street width
60m
Apartments
None
Age
5 years
Rooms
25
Area
500m²
Features
Advertiser Info
مؤسسة اسعى الان
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