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2400 SQM building for Sale in Al Shifa Dist., Riyadh - Dwelleo | Dwelleo
Ref 7311051341
2400 SQM building for Sale in Al Shifa Dist., Riyadh
Al Shifa Dist., Riyadh
Price
SAR10,000,000
4,167SARper m²
Property Description
A great investment opportunity to own a Commercial and Residential Building for Sale in Al-Shifa District, with a total area of 2,400 sqm, located on a 60-meter-wide northern street. The building is new and free of mortgage, and includes both commercial and residential units, providing a diversified rental income opportunity.
Property Details
Listing No.: 2676
Type: Commercial and Residential Building for Sale
District: Al-Shifa
Area: 2,400 sqm
Street: 60-meter-wide northern street
Property Age: New
Current Bid: SAR 10,000,000
Mortgage: Free of Mortgage
Building Details
9 leased commercial units, with an annual rent of SAR 75,000 per unit.
Total annual rental income from the commercial units: SAR 675,000.
16 residential apartments, each consisting of 2 bedrooms, a Majlis, and a living room.
2 rooftop apartments are currently leased, at an annual rent of SAR 30,000 per apartment.
Expected total annual rental income after full occupancy: SAR 1,075,000.
