Building for Sale in Riyadh Al Yasmin

exceptional investment opportunity – residential building in al yasmin district | north riyadh an existing residential building in a prime location in al yasmin district, on a southern-facing street 36m wide, on a plot of 1,560 m². property details: - land area: 1,560 m² - frontage: 39m - depth: 40m - southern-facing street, 36m wide - property age: approximately 17 years - number of units: 17 apartments - guard room + storage room - 18 electricity meters, including one services meter unit breakdown: - 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 - 3 apartments are currently vacant - expected income at full occupancy: sar 970,000 per year - current average rents range from approximately sar 56,000 – 57,000 – 60,000 – 62,000 depending on the unit. asking price: sar 15 million yield is approximately 5.3%, rising to about 6.9% at full occupancy.