Commercial building for sale
Commercial Property on Othman Bin Affan Road
A commercial building consisting of offices and showrooms, with
3 chalets
built directly behind it, all currently rented.
Land Area:
1,800 sqm
Frontage:
West-facing on an 80m wide street
North-facing on a 15m street
South-facing on a 10m street
Note:
No residential apartments.
The building is two stories high and fully leased to
cloud kitchens
.
9 months remaining on the lease contract.
Behind the building, there are 3 rented chalets.
Important Details:
The property is listed
for sale as land
, making it a
great investment opportunity
.
Lease contracts on all current tenants end in less than 10 months (from a total term of 3 years).
Lease agreements were signed
before the road paving and sidewalk upgrades
.
Current lease value:
SAR 320,000
With a commitment letter for increase:
SAR 540,000
Chalet Rentals:
SAR 120,000 (in two installments)
SAR 80,000 (in installments)
SAR 60,000 (in installments)
Maximum lease term for the chalets: 3 years
Price: SAR 24,000,000
A commercial building consisting of offices and showrooms, with
3 chalets
built directly behind it, all currently rented.
Land Area:
1,800 sqm
Frontage:
West-facing on an 80m wide street
North-facing on a 15m street
South-facing on a 10m street
Note:
No residential apartments.
The building is two stories high and fully leased to
cloud kitchens
.
9 months remaining on the lease contract.
Behind the building, there are 3 rented chalets.
Important Details:
The property is listed
for sale as land
, making it a
great investment opportunity
.
Lease contracts on all current tenants end in less than 10 months (from a total term of 3 years).
Lease agreements were signed
before the road paving and sidewalk upgrades
.
Current lease value:
SAR 320,000
With a commitment letter for increase:
SAR 540,000
Chalet Rentals:
SAR 120,000 (in two installments)
SAR 80,000 (in installments)
SAR 60,000 (in installments)
Maximum lease term for the chalets: 3 years
Price: SAR 24,000,000
Property Information
- TypeBuilding
- PurposeFor Sale
- Bayut IDBayut - 87674869
- CompletionReady
- FurnishingUnfurnished
- Added on29 May 2025
Features / Amenities
Electricity
Water Supply
REGA Verified Information
- FAL License Number1200012324
- Advertising License Number7200478456
- License Issue Date23 March 2025
- License Expiry Date3 March 2026
Location
- Regionمنطقة الرياض
- CityRiyadh
- DistrictAl Narjis
- Street Nameعثمان بن عفان
- Postal Code13333
- Building No7927
- Additional No4524
- Latitude24.85870799796476
- Longitude46.667609950267035
Property Specs
- Advertisement TypeFor Sale
- Listing Usage-
- Listing TypeBuilding
- Price24000000
- Area Size900
- Number of Rooms20
Utilities
- ElectricityYes
Additional Information
- Listing Age3 years
- Street Width80
- Plan Number2737
- Deed Number317814003164
- Listing FaceWestern
- Borders and Lengths-
- Guarantees and Duration-
- ChannelsLicensed platform, Bulletin board, Social media platforms, Radio, Other
- Obligations on Listingلا يوجد
- Compliance with Saudi Building Code-
- Is Listing PawnedNo
- Is Listing ConstrainedYes
- Land Number3705
- Notesعقد وساطة غير حصري
Property Borders
- Nameشارع
- Descriptionعرض 15م
- Lengthثلاثون متر
- Nameقطعة
- Descriptionرقم 3704
- Lengthثلاثون متر
- Nameشارع
- Descriptionعرض 80م
- Lengthثلاثون متر
- Nameمشاة
- Descriptionعرض 10م
- Lengthثلاثون متر
North
East
West
South
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Location & Nearby
The location is fetched and verified by REGALocation Description as per Deed:حي النرجس بمدينة الرياض .
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