Building for Sale in Riyadh Al Yarmouk

**for sale – hotel apartment building** age: 12 years old, licensed as furnished hotel apartments. the building is located in **al-yamamah district**, on **abu ja'far al-mansour street** (35-meter-wide road), known as the **"hotel street"** — a prime and busy street. **building details:** - total area: **750 sqm** - **south-facing** facade - total of **30 units**, consisting of: - **9 large apartments**: 2 bedrooms, living room, kitchen, and 2 bathrooms - **7 small apartments**: 1 bedroom, living room, kitchen, and 1 bathroom - **10 rooms** with private bathroom - **4 rooms** with 2 beds and 1 bathroom **renovation:** - ground floor fully renovated including furniture at a cost of approximately **1 million sar** - remaining floors fully renovated; furniture belongs to the tenant **lease details:** - currently rented under a **single electronic lease contract** for **1 million sar per year**, with a **5-year contract duration** - payment terms: **250,000 sar** installment every 3 months from the first year **licensing:** - all licenses and permits are fully regulatory-compliant, including a **tourism license** — noting that most operating apartments in the market are unlicensed **asking price:** - last discussed at approximately **11,300,000 sar** - any offer without a down payment (earnest money) will not be considered - **vat is on the buyer** **additional notes:** - fully leased under one contract at **1 million sar annually for 5 years** - building fully renovated and furnished - viewing by **appointment only** - i am the **agent acting on behalf of the owner**