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مشعل محيسن مناحي العصيمي

No reviews yetJoin Date: 18/06/2023
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Listings (1)

Building for Rent in Al Muzahimiyah Al GhatGhat

§250,000/annually

  • 1,127m²
  • 5m

a commercial investment building located in dhurma governorate, in a prime location on a 25-meter-wide street. the property is currently operational and fully leased. **land area:** 1,127.85 m² **facade:** east-facing **number of floors:** ground floor + first floor the building was renovated approximately 3 years ago. **property details:** - the ground floor contains 11 commercial shops, all currently leased. - the first floor contains 5 apartments. - each apartment consists of 4 rooms + 2 bathrooms. - the apartments are currently operated under a room-rental system, at a rate of 1,200 sar per month per room, inclusive of water and electricity. - the property features multiple income sources from both commercial shops and residential units. - current rental rates have potential for future improvement, especially given the rising rental prices in the area. **current approximate income:** - shops: 11 × 14,000 = 154,000 sar annually - apartments: 5 × 4 rooms × 1,200 × 12 = 288,000 sar annually - **total current annual income: approximately 442,000 sar**

Al GhatGhat, Al Muzahimiyah

Building for Rent in Al Muzahimiyah Al GhatGhat
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