Building for Sale in Riyadh Al Yarmouk

🏢 exceptional investment opportunity | hotel apartment building for sale – al yarmouk district, riyadh a licensed investment real estate asset, recently renovated, with a long-term lease contract worth sar 1 million annually. 📍 location: al yarmouk district – abi jaafar al mansour street, a vibrant 35m-wide street, within an area known for hotel and serviced apartment activity. 🔹 property specifications * area: 750 sqm. * frontage: south-facing. * property age: 12 years. * high-end renovation costing approximately sar 1,800,000, completed 7 months ago. * licensed as furnished hotel apartments, with all licenses and permits in place, including the ministry of tourism license. 🔹 building components the building comprises 29 residential apartments spread over four floors, in addition to workers' housing and a cleaning room, and includes: * one-bedroom apartments with a living room. * two-bedroom apartments with a living room. * one-bedroom units with a bathroom. * two-bedroom units with a bathroom and no living room. - investment status * electronic lease contract worth sar 1,000,000 annually. * contract term: 5 years, starting from april 7, 2026. * the first year's rent has been received in full. * the buyer begins benefiting from rental income starting april 7, 2027, in accordance with the contract terms. - price and sale terms asking price: sar 10,500,000. the price is conditional on the buyer not being required to refund the first year's rent already received in full. * no offers will be considered without a serious deposit. * sale is on an "as is" basis, god willing. * real estate transaction tax is to be paid by the buyer. * the deal is directly through a broker with the owner.