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حسين بن محبوب بن تركي العسيري

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Join Date: 24/05/2022

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Listings (1)

Building for Sale in Riyadh Tuwaiq

§15,000,000

  • 840m²
  • 40m

a new commercial building with an area of 1,680 sqm, aged 6 months, consisting of 12 commercial showrooms + 12 residential apartments. the apartments are fully leased under a single contract for 20 years at an annual amount of 456,000 sar. the showrooms are leased under separate multiple contracts totaling 665,000 sar, with payments made on a semi-annual basis. **apartment details:** each apartment consists of 3 bedrooms, a living room, a kitchen, and 2 bathrooms. **showrooms:** each showroom has an area of approximately 51 sqm. the building is leased at a total annual amount of 1,121,000 sar, with a rental yield of 7.5% of the property value. all guarantees are in place, and the property is fully insured. prime location in the heart of al-mousa district, with all utilities available including water, sewage, and fiber optic connectivity. **asking price:** 14,800,000 sar | **net floor price:** 15,000,000 sar

Tuwaiq, Riyadh

Building for Sale in Riyadh Tuwaiq

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