Property description
PRIME COMMERCIAL BUILDING AT THE PERFECT ADDRESS
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:
• ERF 1920 m2
• GLA 2 028 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
• ROI 10.59%
• 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
- Fibre Internet
- Covered Parking
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from Hendra Estates
Terms of useGet in Touch
Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
