مشاريع واستثمارات/كل الحراج

Opportunity for Investors 15Year Investment

Makkah
Updated last wk.
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We are looking for a serious investor and a successful partner to complete and develop an existing building (L-shaped 3-story structure) and transform it into a residential investment 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 neighborhood in Al-Ja'arana, near Makkah General Hospital (an area experiencing high demand and a shortage of housing units). Land Area: 506 square meters (with a separate 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 Numbers and Feasibility Study: Cost of completion, modification, and reconstruction (borne by the investor): Approximately 600,000 Saudi Riyals. Expected Rental Yield: Rent price per apartment: 15,000 Saudi 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 Saudi 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 achieve the benefit 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 guarantee high and continuous occupancy throughout the year. Competitive Advantage: The presence of a swimming pool and service areas enhances 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 significant foundation (3-story structure), saving time and initial costs. For those interested in this opportunity
Opportunity for Investors 15Year Investment 0