Bride of the Red Sea | JEDDAE🌊
Hotel for sale, cash or installments | Jeddah | Al Bassa'tin district on Madinah Road
Area: 720m - East facing
Details
🚘 Basement parking and front parking
⬇ Ground Floor:
Main reception
🍽 Restaurant
Cafe
Commercial store rented for 50,000 annually
Mezzanine Floor:
Management office
Services
Club
Games
Steam room
5 floors and 45 suites
Annex
Swimming pool
Sessions overlooking the airport
Laundry
Suite Details
43 suites: 1 bedroom, 1 living room, 1 service area, 1 bathroom
Connected (can be merged)
1 suite: 2 bedrooms, 1 living room
1 bedroom, 1 bathroom
Fully furnished
All safety alarm systems and devices are available
Surveillance cameras
Elevators and emergency stairs
Age: seven years
Electronic deed, organizational sketch, and building permit
Civil Defense permits and Tourism license - all official permits are valid
Currently self-operated by the owner
Annual income rate exceeds 10%
Total income for 2025 detailed:
2,800,000, confirmed by report
The buyer has the right to cancel the deal if the income is not correct
Installment price: 25,000,000 in two installments, including price, tax, commission, and lawyer fees
First payment: 15 million upon contract notarization, and the final payment: 10 million after two years
Conditions:
Handover occurs after full payment
Deal notarization by a lawyer
Guarantees: a letter of guarantee from Najiz for the remaining amount
The hotel will be handed over to the buyer without assets and without an investment agency
The property and documents will be held by the lawyer
Until the deal is completed and the remaining amount is paid for handover
Cash sale price: 20,000,000 including price, tax, and immediate handover
Installment sale price: 25,000,000 in two installments: first payment 15 million upon contract notarization, and second payment 10 million after two years
Please do not contact unless you have a serious and ready buyer
Thank you🌸