Building for Sale in Mecca Ash Shawqiyyah

🏢 *investment opportunity in the heart of makkah al-mukarramah – al-shawqiyah district* *existing residential building in a prime location on a vital commercial street* 📍 *location:* al-shawqiyah district – makkah al-mukarramah 📐 *land area:* 490 m² 🛣️ *commercial street:* 30 m width (currently separated by a sidewalk) 🔸 *property details:* - *number of apartments:* 8 apartments + 1 room in annex - *apartment distribution:* • each apartment contains: - 4 rooms (3 measuring 4×4, master bedroom with private entrance and bathroom 4.5×6) - 3 bathrooms (2 large + 1 small) - kitchen 4×4 - living room 3.5×3 - *ground and first floors:* combined - *rooftop:* room 4×5 with bathroom, rented for 12,000 riyals 🔸 *current income:* - 4 apartments + annex room rented = *84,000 riyals annually* - vacant apartments (2 apartments on ground and first floors) estimated rental of 80,000 - 90,000 additional riyals - *before the pandemic, rent reached 25,000 per apartment* - *current actual return exceeds 200,000 riyals annually* due to high demand after demolition of neighboring mountainous areas 🔧 *additional features:* - *elevator* from jama company, with annual maintenance of 2,000 riyals 💰 *asking price:* *5 million riyals net* – negotiable 📞 *for contact and inquiries:*