750 SQM Building for Sale in Al Khaleej District, Riyadh

Prime Income Generating Building for Sale in Al Khaleej, East Riyadh A strategically located investment property in Al Khaleej District, East Riyadh, close to the metro station with easy access to King Abdullah Road and Dammam Road. The property is also conveniently located near essential services, hospitals and shopping centers. The building is situated on a 750 SQM plot with a 30-meter wide south-facing street. It consists of 4 floors with a total of 14 apartments, featuring newly completed interior and exterior finishes, dedicated parking spaces for tenants, a smart access system and security cameras. The property is fully leased to a company under a 10-year long-term lease, with 8 years remaining. The annual rent is SAR 650,000 for the first 5 years and SAR 700,000 for the final 5 years, with payments made every 6 months. The next payment is due in approximately 3 months. The property is legally compliant, while any violations related to the subdivision are the tenant’s responsibility according to the agreement between both parties. Asking Price: SAR 8,300,000 A solid investment opportunity with an existing long-term lease and stable rental income in a prime location in East Riyadh.