Building for Buy & Sell in Ahmadi, Abu Halifa, Block 2

Kuwait, Ahmadi, Abu Halifa, Block 2
Published Date: Sep 23, 2024
| Ref no # 140244
Sell price
1,150,000 KWD
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Description

The building in Abu Halifa (Plot 2) is for sale with clear specifications. Here is an analytical view of the property in terms of financial returns and its area:

Property details:
Total area: 856 square meters.
Formation:
4 floors + ground floor.
Total number of apartments: 19 apartments.
Number of apartments on the ground floor: 3 apartments.
Number of apartments on each upper floor: 4 apartments.
Total number of shops: One shop (rented as a "tire shop").
Guard room.
Parking spaces for each apartment.
Apartment details:
Each apartment consists of:
A room measuring (3.5 x 4).
A room measuring (3.5 x 2).
A room measuring (4 x 4).
A bathroom of different sizes (one of them is 2.5 square meters).
A hall (4 x 6).
A kitchen (2 x 3).
Tenant contracts details:
Number of rented apartments:
12 apartments with a monthly rent of 230 KD.
5 apartments with a monthly rent of 200 KD.
Number of vacant apartments: 2 apartments.
Shop rent: 450 KD per month.
Actual revenues:
Total actual rent for apartments: 170 KD per apartment.
Total actual rent for shop: 400 KD.
Total actual rents:
Total monthly rent (for 17 apartments + shop):
17 apartments x 170 KD = 2890 KD.
Shop = 400 KD.
Total monthly rent: 2890 + 400 = 3290 KD.
Electricity:
Number of apartments with electricity: 12 apartments.
Number of apartments whose electricity bill is borne by the property owner: 5 apartments.
Advantages:
Excellent location: The building is located on the corner of two streets.
Dedicated parking spaces.

Monthly installment:

/ Month

Amount of credit:

/ 10%

Long Term:

30 Year
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Property Direction Not Specified
License Information
Advertising License Number #ت ع 2024/469
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