A land-valued property, this residential property sits on a plot totaling 560 square meters in area, with a frontage of 20 meters and a depth of up to 28 meters. The property is notable for being frontage-oriented to two streets, with a northern boundary street 12 meters wide and a southern boundary street 10 meters wide. The surrounding short streets also provide an additional advantage, offering quiet and easy access to the site. The property represents a flexible and multipurpose investment opportunity; it can be divided into two frontages each measuring 280 m², making it suitable for developing two semi-detached villas, or implementing a project consisting of 4 townhouses or 6 residential units. Its location and size also allow redevelopment into a multi-family residential building through renovation, with the ability to separate each unit by independent electricity meters, a vital and competitive investment feature for this property that increases the investment return by allowing each apartment to be leased independently, thereby increasing the overall value of the real estate asset. (The modification of the building status to a building has been legally verified) The current age of the property is about 40 years, which makes the true value concentrated in the land and its distinctive strategic location. The site has direct proximity to the region’s most prominent landmarks and vital services; it is 950 meters from King Salman Garden, about 1.2 kilometers from Riyadh Metro, and 1.3 kilometers from Kingdom Tower. The property is surrounded by all essential services including hospitals, educational centers, and public facilities, within a fully developed residential environment with high demand.

Property worth land value could be building 560SQM

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