wa alaikum assalam
here is a summary of the building to date:
the building consists of 8 floors on two electronic title deeds, each deed with an area of 500 sqm, with a total area of 1,000 sqm. it is located on two intersecting streets: a 64m street (front) and a 15m street (rear).
(basement parking + ground floor showroom/retail + mezzanine floor + parking floor + 3 repeated office floors + residential apartment floor)
there is an additional sub-basement floor that is unused due to civil defense regulations.
the building has 2 elevators.
there was a civil defense permit (which has expired and cannot be renewed as civil defense regulations have changed), along with a compliance certificate for the building.
water, sewage, and fiber internet connections have been completed.
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**rental income summary:**
| unit | annual rent (sar) |
|---|---|
| ground floor showroom | 400,000 |
| mezzanine floor | 200,000 |
| 6 offices – 110 sqm | 270,000 |
| 15 offices – 70 sqm | 525,000 |
| 3 offices – 30 sqm | 54,000 |
| 7 residential apartments | 118,000 |
| **total (fully leased)** | **1,567,000** |
**one million, five hundred and sixty-seven thousand saudi riyals annually upon full occupancy.**
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**vacant units:**
| unit | potential rent (sar) |
|---|---|
| 3 offices – 70 sqm | 105,000 |
| 1 office – 30 sqm | 18,000 |
| 1 apartment | 14,000 |
| **total** | **137,000** |
**one hundred and thirty-seven thousand saudi riyals.**
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**current actual rental income: sar 1,430,000**
*one million, four hundred and thirty thousand saudi riyals.*
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**asking price: sar 23,575,000 — inclusive of agent commission, exclusive of vat.**
