Building for Sale in Riyadh Al Amal

investment building located in the middle of al-kahraba street, behind al-olayan electrical company. leased under a single contract with a single payment of 220,000 to a major holding company specializing in organized collective housing activities. contract duration: one year. under the new ejar network regulations, the contract auto-renews upon initial approval. it is important to note that the company has equipped the building with sustainable fixtures at considerable cost, which confirms its long-term business continuity. however, most private sector companies opt for annual contracts as a precaution against market fluctuations, and they generally renew — especially given that new regulations favor tenants who wish to extend. area: 312 square meters the building is old, with an unknown exact age, estimated to be over 40 years. the property consists of two parts: the first, at the front, is a building containing 12 studio apartments. in the rear courtyard: barracks containing 8 rooms, along with reinforced concrete structures housing kitchens and bathrooms. the building is approximately 90% renovated overall, with electrical and plumbing at 100%. number of electricity meters: 2 🔴🔴 we apologize to all brokers regarding this property specifically. 🔴🔴 ⚫⚫⚫⚫⚫⚫⚫⚫⚫⚫ **al-kathiri real estate** we market your properties — for sale and lease — with professionalism, expertise, and extensive experience. we manage your assets with professionalism, integrity, and reliability. ⚫⚫⚫⚫⚫⚫⚫⚫⚫⚫ our marketing services include: - aerial property photography - advertising design - surveillance cameras - smart lock - security guard - continuous cleaning - maintenance - client screening - prompt communication with all clients ⚫⚫⚫⚫⚫⚫⚫⚫⚫ licensed by the real estate general authority for brokerage and real estate marketing. fal license no.: 1200030391 commercial registration no.: 1009085763 ejar network membership no.: ejar_92045379