Prime Seef investment — Fully fitted office, sea view, Ewan Tower (13th floor)
Location: Ewan Tower, Seef — next to Le Chocolat and CrediMax head office. Prime Seef commercial area with excellent visibility and tenant demand.
Unit details
• Floor: 13th, sea view
• Size: 91 sqm
• Layout: 2 partitioned offices, 1 manager office, 1 open workspace, fitted kitchen, 2 toilets
• Parking: 1 designated car park
• Condition: Fully fitted and tenant-ready
Current tenancy & income
• Tenant: Saudi company (reliable corporate tenant)
• Lease: Remaining 1.5 years
• Rent: BD 550 per month (paid as one cheque every 2 years — strong upfront payment profile)
• Payment structure: One-cheque-every-2-years collected, offering cashflow security for the landlord
Asking price
• Sale price: BD 82,500
Investment highlights
• Stable, long-term income: Tenant is a Saudi corporate payer with large upfront cheque payments, reducing collection risk and providing predictable cash flow.
• Prime Seef location: Immediate proximity to Le Chocolat and CrediMax head office — strong commercial footfall, easy tenant re-letting prospects.
• Turnkey asset: Fully fitted office reduces vacancy downtime and capex for new investor.
• Good visibility for capital growth in Seef commercial market.
• Suitable for buy-and-hold investors seeking immediate income or for portfolio diversification into GCC commercial real estate.
Estimated return on investment (ROI)
• Gross annual rental income: BD 550 × 12 = BD 6,600.
• Gross yield: BD 6,600 ÷ BD 82,500 = 8.0% per year (approx.
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