Property Details
A blue chip investment opportunity to acquire a well-known multi-story office block in upper Morningside. Its commanding presence, sweeping sea and city views and A Grade office suites makes it an ideal home for any business wanting a professional image.
Key Features and Inclusions:
- ERF1920 m2
- GLA2 028 m2 – Excluding Parking bays.
- 5 floors of office space
- 20 office suites ranging from 80 – 280 m2
- Offices resizable according to client needs
- Sea facing offices with balconies
- Kitchenette and rest rooms on each floor
- Lift access and wheelchair friendly design
- 121 parking bays with access control
- Visitors parking
- 24/7 guarding
- CCTV security cameras inside and out
- Calculated rental income of R7,000,000.00
- Rates R82 500 pm – R990,000 pa
- ROI10.59%
- Easy access to all surrounding areas
- Situated on a main transport route
- Rooftop relaxation area (with views)
- Backup water being installed
- Sold tenanted
- 0% VAT applies
Property Features
- Property Type Office
- Parking 171
- Building Size 2,808m²
- Stand Size 1,920m²
Other
- Three Phase Power
- Municipal Water
- Fibre Internet
- Covered Parking
Grade
- A
Associated Costs
- Rates & Taxes ± 82500