We are looking for a serious investor and successful partner to complete and develop an existing building (structure of 3 floors, 6 apartments, each apartment approximately 221 sqm). This is a residential investment project ready for rent, with final finishing touches remaining (paints, tiles, etc.). It is located in a vital and highly sought-after area for medical staff and families, an excellent location near Abha Central Hospital.
📊 Property and Project Details:
Property Location: Khamis Mushait, Al-Tadhamun neighborhood, near Abha Central Hospital (an area experiencing high demand and a shortage of housing units).
Land Area: 500 sqm with a building area of 1326 sqm.
Current Status: An existing building consisting of 3 floors and 6 apartments. Each apartment has approximately a private entrance from the street, two entrances to the apartment, a men's reception area, a dining room, a kitchen, a women's reception area, a family living room, two bedrooms, a storage room, a laundry room, 3 bathrooms, and a light well.
💰 Estimated Figures and Feasibility Study:
Cost of completion and finishing (borne by the investor): Approximately 300,000 Saudi Riyals.
Expected Rental Yield:
Rent price per apartment: 26,400 SAR annually (at a minimum).
Proposed Investment Contract Duration: 3 years (total return for the investor).
Total Expected Annual Income: 158,400 SAR per year.
Total Income for 3 years: 475,200 SAR.
Total Returns and Profits over 3 years: 175,200 SAR.
(Negotiable and subject to agreement to achieve the interest of both parties).
✨ Project Advantages for the Investor:
High Demand: The scarcity of housing units in the neighborhood and the direct proximity to the hospital ensure high and continuous occupancy throughout the year.
Competitive Advantage: The presence of facilities and service areas enhances the market value of the apartments and facilitates their rental.
Contact via WhatsApp or call for serious inquiries only: ( Phone number appears when clicking the contact button )
May God grant us success.