1,600m² Investment For Sale in New Germany

R11,500,000

Web Ref No CL2789

Great A Grade office park investment with high yield R 11,5m no vat.

This property presents a solid investment for an investor with much to offer, leases in place with great ROI plus amazing facilities.

Two standalone 2 Storey office blocks at the entrance to an Industrial Gated Park.

Three separate secured reception areas and ample parking for 50 vehicles.
Ten covered with awnings, plus 20 sheltered parkings - all secured.

Each floor contains multiple executive offices, boardrooms, meeting rooms, his and hers plus handicapped ablutions in immaculate condition.

Current annual gross income R 2,5m from 11 tenants all long term.
GLA 1,600 sm.
Sections 12 and 13 on 2 separate ERVENS.

This deal does not attract vat as a going concern.
Rental rates at R 120 per sm plus 46 sm additional parking.
Annual net income approximately R1,7 m.

Detailed financial statements are available for serious buyers.

As a buyer you will enjoy an immediate income of R 192k pm, with costs of approx R 80k pm.

Close to the M19, Otto Volek rd, N3 Toll, M7, and M13. Also, the N2 north and south bounds freeways.

There is capacity for smaller units to be made available for additional tenants.

COMPLETE THE CONTACT AGENT FORM ON THE AD FOR A VIEWING.

All rights reserved.

E & OE.

Features

Open Parkings 50
Building Name Dura Park
Zoning Commercial
Covered Parkings 10
Basement Parking 20
Floor Size 1,600m²
Land Size 26m²
Building Height 35m
Power Amps 60
Air Conditioning Yes