Compound for sale in Al-qirawan district, north of Riyadh

Advertiser Registration Number: 1010520609
Advertiser License Number:
Authorization Code: -

Advertiser Designation: Agent

Compound for sale in Al-qirawan district, north of Riyadh
89 villas, 12 large villas - 36 medium villas - 41 small villas

Land area: 29 thousand and 800 thousand SAR
Building area: 29 thousand SAR

Annual income: 13 million and 600 thousand SAR
The annual maintenance and operation cost is 1 million and 100 thousand SAR
the final income: 12 million and 500 thousand SAR
Completion year: 2019

In the field of raising income by renting some places in the recreational building 3200 m2 unrented

Two large villas are licensed and the foundation has been made for them and the floors have not been raised
The income can be increased by 500 thousand SAR after their completion
The cost of completion: 700 thousand SARfor the two villas

Main Tenants:
The facility for the distribution of tenants between diplomats and companies
All contracts are annual, except for a company that took 18 villas for a period of 3 years ending 9/2023 and all contracts are nearing expiry. The tenants expressed their sponsorship of renewal.
The occupancy rate is still 100% and there is a waiting schedule

Plot Width: 150 meters
Plot Length: 199 meters
Street Width: 25 meters
Property Facade: Northeastern Facade
Property Age: 3 month(s)
Debts and obligations on the property that are not documented in property title deed? No
Is there a mortgage or restriction that prevents or limits the disposal or use of the property? No
Any Information that may affect the property value (whether in reducing its value or affecting the user decision in making a transaction)? No
Published At: 2022-06-12 11:44:34

Property Information