Luxurious villa for sale or long-term investment lease Makkah Al-Mukarramah, Al-Jaranah, Al-Musarrat district Land area 506m On two streets Building area 520m Consists of 3 floors Property status: Officially licensed construction by the municipality, completely free of any demolition after review and full verification by the encroachments committee. Electronic title deed and immediate transfer. Alternatively, we are looking for a serious investor and a successful partner to complete and develop an existing building (a 3-story L-shaped structure) and convert it into an investment residential project ready for rent, in a vital and highly sought-after location for medical staff and families. 📊 Property and Project Details: Property Location: Al-Faisal district in Al-Jaranah, near Makkah General Hospital (an area experiencing high demand and a shortage of housing units). Land Area: 506 square meters (with an independent electronic title deed). Current Status: An existing villa consisting of 3 floors (L-shaped design), with a remaining yard area of 300 square meters and a ready swimming pool at the edge of the yard, 10 meters long and 2.5 meters wide, serving the tenants. Development Plan: Modifying the plan and completing the construction to make the building consist of 3 floors and an annex (a total of 11 residential apartments). Unit Details: Each apartment consists of (2 bedrooms + living room + kitchen + bathroom). 💰 Estimated Figures and Feasibility Study: Cost of completion, modification, and reconstruction (borne by the investor): Approximately 600,000 Saudi Riyals. Expected Rental Yield: Price of one apartment rental: 15,000 Riyals annually. The swimming pool and facilities serve all tenants and increase the property's attractiveness and speed of rental. Total expected annual income: 165,000 Riyals annually. Proposed investment contract duration: 15 years. Total expected returns during the investment period: 2,400,000 Saudi Riyals (subject to study and agreement to benefit both parties). ✨ Project Advantages for the Investor: High Demand: The scarcity of housing units in the district and the direct proximity to the hospital guarantee high and continuous occupancy throughout the year. Competitive Advantage: The presence of a swimming pool and service areas increases the market value of the apartments and facilitates their rental. Supported Asset: The work is being done on a property with an electronic title deed and a well-established foundation (3-story structure), saving initial time and costs. For those interested in this opportunity or purchasing for one million Riyals. معلومات العقار حسب الرخصة غرض الإعلان: بيع سعر الوحدة: 1000000 نوع العقار: فيلا عمر العقار: سبع سنوات مساحة العقار: 506.8 واجهة العقار: جنوبية شرقية عدد الغرف: 8 رقم المخطط: لا يوجد رقم القطعة: بدون عرض الشارع: 15 استخدامات العقار: لا يوجد خدمات العقار: كهرباء, مياه, هاتف الضمانات ومدتها: لا يوجد الالتزامات الآخرى على العقار: لايوجد وصف موقع العقار: كامل الحوش المبنى بالطوب والاسمنت بارتفاع مترين والكائن بمكه المكرمه الجعرانه حى المسرات License Owner : حسام مرعي License Expiry Date : 2027-05-06 Advertiser Number 1100046718 Authorization Number 7100321391