Commercial and residential building with an area of 840 m2

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Auction Type

Electronic

Borders

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North: Piece No. 50

South: 10m wide street

East: Piece No. 51

West: 36m wide street

Lengths

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North: 35 m

South: 35 m

East: 22 m

West: 22 m

 

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Commercial and residential building with an area of 840 m2

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Under the supervision of the Enforcement and Liquidation Center, and by decision of the Enforcement Court and with the approval of the General Authority for Real Estate, the sale will be conducted by electronic public auction (Jewels of Riyadh Auction) via the Mubasher Auctions platform.

Additional information

info

The property consists of a building consisting of (two floors + an upper annex):
The ground floor consists of (5 commercial openings + 3 apartments)
Two apartments consist of: (a living room, a hall, two rooms, a kitchen, and two bathrooms)
The third apartment was opened to a showroom and can be returned to its previous condition so that the apartment is separate from the showroom

The first floor consists of (4 apartments)
Three apartments consist of (a living room, a hall, two rooms, a kitchen, and two bathrooms)
The fourth apartment consists of (a living room, a hall, three rooms, a kitchen, and two bathrooms)

The upper annex consists of (one apartment)
and consists of (a living room, a hall, two rooms, a kitchen, and two bathrooms)

The building is close to Ibn al-Qayyim Mosque and Al-Nasr Private Schools (boys and girls)
The building is close to the Northern Ring Road and close to the King Abdullah Financial District. It is located on Zuhair bin Abi Salem Street and is close to shops and services.

The building is partially rented, according to the details below. :
1 rented showroom, 4 vacant showrooms, 5 rented apartments, 1 vacant apartment, and a rented upper annex.

Note

First note: The total area stated in the deed is larger than the actual area due to an error in calculating the total area when the deed was issued. The actual area is 770 m2, while the area recorded in the deed is 840 m2. Note that the lengths recorded in the deed are consistent with the actual area.
Second note: The electricity meter room is shared with the neighboring building.
Third note: The plot number mentioned in the deed is Plan No. 1324, and according to the municipality’s plan, it is Plan No. 1578.

The neighborhood name in the municipality is Al-Aqiq Al-Suqya, and in the deed, it is Al-Hurra Al-Gharbia.
The building is outside the regulatory plan and does not have a plot number or plot number.
Property Features

Property Rental
Renting the property is a great investment opportunity for both showrooms and apartments, given its prime location on a main street and a busy neighborhood.

Property location

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