742 SQM land for Rent in Al Narjis Dist., Riyadh

A prime investment opportunity to lease mixed-use commercial and residential land in a strategic location in Al Narjis, south of King Salman Road. The property is suitable for commercial and investment projects with a long-term lease ranging from 10 to 15 years. Property Details: Listing No.: 859 Property Type: Mixed-Use Commercial & Residential Land for Rent District: Al Narjis – South of King Salman Road Land Area: 742 sqm Dimensions: 26.45 × 28m depth Frontage: North-facing Street Width: 36m Annual Rent: SAR 500,000 Mortgage: None Lease Term: 10 to 15 years Location Highlights: Surrounded by major roads, including: Abu Bakr Al Siddiq Road Othman Bin Affan Road Anas Bin Malik Road King Salman Road The property has direct road access leading to Abu Bakr Al Siddiq Road. The district is fully serviced with: Water Electricity Sewage Street lighting Fiber-optic internet Telecommunications towers Close to government and commercial services, including schools, mosques, clinics, and shopping centers. Conveniently located near King Khalid International Airport, Imam University, and Princess Nourah University. Lease Terms: SAR 500,000 annually for the first five years. 10% increase every five years. Rent is net of VAT. A rent-free grace period is available, to be agreed upon based on the nature of the project to be developed on the land.