|
| |
| This 113m² property is located at
350m from the Holy mosque. It is leased for $96,000 per year for 15 years with one year
added for construction for a half rent fee for a total of 16 years. The capital of this project is up as follows:
- Construction cost (113m² x 12.5 stories x $320/m²)
|
$452,000 |
- Shoring sides of construction
|
$51,000 |
- Commissions to solicitors
|
$95,000 |
- Construction year with ½ rent
|
$48,000 |
- Cost of engineering drawings & follow up with municipality
|
$26,000 |
- Cost of connecting electric power & sewer service
|
$42,000 |
Total: |
$714,000 |
|
Bearing a total of pilgrimages, the return on investment will be:
- IROR= (365x670) - 96000 (rent) / 714,000 = %20.7
Less Dar Alamar commission %3 = %17.7 per
year
|
|
| Participation Open
With a $67,000 minimum / share |
|
