Description

For rent studio in al azizyah in perfect place 2800 There are 11 commercial units in Al-Murra Al-Sharqiya facing the main Equestrian/Industrial Area Street. They are currently leased by an investor from the property owner for 125,000 Riyals per month and are being subleased to other parties for a total of 152,000 Riyals per month, resulting in a net profit of 27,000 Riyals per month. The asking price for the leasehold interest (key money) is 350,000 Riyals, and the contract would be transferred directly to the new tenant with the owner. Key information for the prospective buyer or new tenant paying the key money includes: 1/ Under the terms of the contract, January 2027 is a rent-free month for the new tenant. This means the tenant benefits from the value of that month's rent (125,000 Riyals), effectively recovering half of the key money paid. 2/ Regarding the 125,000 paid by the current tenant as a security deposit to the landlord: upon transferring the contract to a buyer or new tenant, this amount will be documented in the contract to ensure its eventual return to the tenant at the end of the tenancy. Effectively, the tenant automatically recovers 125,000 more contact..