A complete building investment and sub-lease opportunity is available, featuring ground-floor commercial shops and upper-floor residential rooms. All units are currently rented out, making this a ready-to-run, profit-generating business with direct contract transfers.
1. Ground Floor (Shops):
Total Units: 6 Shops (All actively rented)
Current Sub-lease Income: 60,000 SAR per shop / Total: 360,000 SAR per year
Annual Net Profit from Shops: 60,000 SAR / year (5,000 SAR / month)
2. Upper Floors (Rooms):
Total Units: 94 Rooms (Excluding halls, 2 rooms per flat)
Rental Rate per Room: 1,159.22 SAR / month (Base cost + target profit included)
Annual Net Profit from Rooms: 507,600 SAR / year
Financial Highlights & Terms:
Total Annual Net Profit: 567,600 SAR / year
Utilities: Electricity and water bills are to be paid entirely by the tenants.
Agreement Status: All shops and rooms are actively rented; only the lease agreement transfers/updates.