780 SQM building for Sale in Al Yasmin Dist., Riyadh

A prime investment opportunity to own a fully renovated residential building in Al-Yasmin District, ideally located on a 36-meter-wide street with direct access to King Salman Road. The building is currently vacant and not leased, following extensive renovation and refurbishment works, making it ready for rental and investment. The property is located opposite public facilities, including a mosque and a helicopter landing area, and features 14 electricity meters with active service. According to the approved plan, the building consists of 14 residential units, including the guard's apartment. Property Details Listing No.: 1211 Type: Residential Building for Sale District: Al-Yasmin Land Area: 780 m² Street: 36-meter South Property Age: 10 years Condition: Fully renovated and refurbished Price: SAR 13,500,000 Mortgage: Free of Mortgage Current Status: Vacant and not leased Unit Details Total Units: 14 apartments according to the plan, including the guard's apartment. Licensed Units: 13 residential units + 1 guard's apartment. 13 Apartments: Each consists of 3 bedrooms, a living room, a kitchen, and 2 bathrooms. Guard's Apartment: 2 bedrooms, a living room, a kitchen, and 2 bathrooms. Electricity Meters: 14 meters with active service. Air Conditioning: Approximately 70 installed split AC units. Some completed apartments also feature new, unused compact kitchens. Location Prime location on a 36-meter-wide street. Direct access to King Salman Road. Located opposite public facilities, including a mosque and a helicopter landing area. Renovation & Refurbishment The building has undergone extensive renovation works, including: Bathrooms: Complete replacement of tiles and plumbing. New wall-hung GROHE toilets. New concealed GROHE shower mixers and bidet sprays. All fixtures are new and unused. Finishing: New flooring. New gypsum ceilings. New tall windows. Electrical Works: Electrical systems renovated. New lighting. New electrical outlets and switches. Air Conditioning: Approximately 70 split AC units installed. Kitchens: New and unused compact kitchens installed in some completed apartments. Previous Rental Income Prior to the renovation, the building generated more than SAR 760,000 annually under annual rental contracts, approximately one year ago. A renovation permit was issued 10 months ago. The building has not yet been leased following the renovation. According to the owner, rental income is expected to increase by approximately 30%–40% after the renovation, with the potential to establish new rental rates in accordance with the new regulations.