Building for Sale in Riyadh Al Khaleej

peace be upon you, **for sale – commercial building** - **area:** 1,200 sqm - **street frontage:** 30 meters - **depth:** 40 meters - **street width:** 40 meters - **facing:** north, near sheikh jaber - **district:** al khaleej --- **current rental income:** - the building is fully leased under one contract for **500,000 sar** - two shops for **50,000 sar** - **total current income: 550,000 sar/year** - the contract expires in **2 years** if the buyer wishes to operate the building, the monthly income would be no less than **75,000 sar**, meaning approximately **900,000 sar annually** --- **land value:** - land prices in the area are between **5,500 and 5,000 sar per sqm**, with no available offers - the land alone is worth over **6 to 6.5 million sar**, excluding vat and agency fees --- **unit details – total: 24 furnished apartments** **ground floor – 10 apartments:** - 4 apartments: 2 bedrooms + living room - 6 apartments: 1 bedroom + living room **first floor – 12 apartments:** - 4 apartments: 2 bedrooms + living room - 8 apartments: 1 bedroom + living room **top floor (roof) – 2 apartments** **total: 24 apartments** - 16 apartments: 1 bedroom + living room + bathroom + kitchen - 8 apartments: 2 bedrooms + living room + bathroom + kitchen - **electricity meters: 18** --- **asking price reached: 10,000,000 sar** **(negotiable)** **owner's agent**