🏢 Successful Investment Opportunity for Sale | Fully Commercial Property**
On two streets: a 40m commercial street, the old Haramain road (Asfan Street), and an active 8m street leading to the neighborhood.
A distinctive investment property generating income in Asfan, fully leased to a single entity on a long-term contract, ensuring you immediate income and steady, escalating growth.**
### 📍 **Location and Licensing**
* **Location:** Asfan.
* **Real Estate Valu ID:** 1100212512
* **Advertisement License:** 7200873327
### 📐 **Property Details and Specifications**
* **Land Area:** 285 m2
* **Total Building Area:** Approximately 450 m2 (two-story building).
* **Property Condition:** Fully leased as an integrated facility (kitchen and labor accommodation).
### 🧱 **Property Components**
* **Front Showroom / Commercial Shop:** (Leased as a Mandi restaurant and kitchen).
* **Back Labor Accommodation:** > (Fully integrated, consisting of a large apartment with 6 rooms + 2 bathrooms). The accommodation in the back and the showroom in the front have been opened up to connect.
### 💼 **Lease and Investment Contract Details**
* **Total Contract Duration:** 5 years (single contract registered via Ejar platform).
* **First Year Rent:** 102,000 SAR.
* **Growth Feature:** Annual increase of **5%** starting from the second year for the following 4 years.
The current offer is 1,400,000 SAR.
Note: Video was taken before modifications.