Fully Fitted 350 SQM Commercial Space In Riyadh For Sale

Property Information

Real Estate:

Lease

Lease Terms:

Annual rent is SAR 142,000, payable in two semi-annual instalments of SAR 71,000. Approximately three and a half years remain on the current lease. The next rental instalment is due on 3 September 2026. Assignment of the lease is subject to the landlord’s written approval and acceptance of the new tenant. The annual rent is payable separately and is not included in the asking price.

Leasehold Rent:

$37,867 (USD) per annum

Location:

The property is located on Yanbu Street in Dhahrat Laban, Riyadh, within an established residential neighbourhood. The exact location and viewing details are available to serious interested parties.

Premises Details:

The premises cover approximately 350 sqm across a ground floor and mezzanine.

The ground floor is currently divided into two hair service areas with capacity for seven stations, a makeup room, staff room, administrative office, bathrooms and wash areas.

The mezzanine includes a nail service area with capacity for five stations, a massage room, waxing room, Moroccan bath area with a private room, and storage.

The assignment includes the fixed partitions, electrical installations, plumbing, lighting, air-conditioning systems, flooring, ceilings, doors and fixed décor. Movable salon equipment is not included unless separately agreed.

Size in square feet:

3,700

Planning Consent:

The premises are currently fitted and used as a licensed women’s beauty centre. The landlord is open to assigning the existing lease to an approved new tenant. Continuation of the current activity or conversion to another commercial activity is subject to the buyer obtaining the required municipal and government licences, as well as the landlord’s written approval. The existing business licence and commercial registration are not included in the assignment.

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

The 350 sqm layout offers flexibility to add or reorganise service rooms and introduce additional beauty, wellness, spa, training, office or other commercial concepts. The premises may also be adapted for a different permitted activity, subject to the landlord’s approval and the required government licences.

Competition / Market:

Competition will depend on the activity selected by the new tenant. The beauty and personal-care market in Riyadh is competitive; however, the premises offer the advantage of a large, ready-fitted space that can reduce the time and cost required to establish a new operation.

Reasons for selling:

The owner is restructuring the operation and plans to continue the business through a smaller and more flexible operating model. The current premises are larger than the owner’s future requirements; therefore, the existing lease and fixed fit-out are being offered for assignment.

Trading hours:

The premises currently operate six days per week, approximately eight hours per day. Future operating hours will depend on the buyer’s selected activity and the applicable licensing and municipal requirements.

Employees:

0

Years established:

3 Established November 2022

Other Information

Support & training:

The seller can provide a reasonable handover of the premises, explain the existing fixed installations and coordinate the lease assignment process with the landlord. No employees, operational training, brand rights or ongoing business management support are included in the assignment.

Financing available:

Seller financing is not available. Full payment is required upon completion of the lease assignment and signing of the final handover agreement.

Furniture / Fixtures value:

$120,000 (USD) - included in the asking price