Building for Sale in Riyadh Al Yasmin

distinguished investment opportunity – residential building in al yasmin district | north riyadh an existing residential building in a prime location in al yasmin district, on a south-facing street 36 m wide, on a plot of 1,560 m². property details: - land area: 1,560 m² - frontage: 39 m - depth: 40 m - south-facing street, 36 m wide - property age: approximately 17 years - number of units: 17 apartments - guard room + storage room - 18 electricity meters, including one service meter unit distribution: - 6 apartments: 5 rooms - 7 apartments: 4 rooms - 4 apartments: 3 rooms distribution by floor: - ground floor: 5 apartments + guard room + storage room - first floor: 5 apartments - second floor: 5 apartments - top floor: 2 apartments investment status: - current income: sar 740,000 per year - currently 3 vacant apartments - expected income at full occupancy: sar 970,000 per year - current average rents start at approximately sar 56,000 – 57,000 – 60,000 – 62,000, depending on the unit. price: - offers have reached: sar 13,000,000 - upper limit: sar 14,500,000 - asking price: sar 14,000,000 (to be confirmed) at a price of sar 14 million, the yield on current income is approximately 5.3%, rising to around 6.9% at full occupancy.