2,500m² Office For Sale in Bronkhorstfontein AH

R10,750,000

Web Ref No CL156

Investment Property For Sale with yield @ 10%. Occupied tenant 20 years

Investment Commercial Property for Sale
Yield @10%

Long term lease (Department of Labour)
Prime location - Government Hub

Property Description
- Prime Commercial
- Lettable Area: 1288 sqm
- Total Area: 2500 sqm
- 3 phase power

Tenant description:
- 9 shops, pre paid meters
- Department of Labour (tenant for 20 years to date)

Note:
- The Department of labour is leasing for 20 years til date.
- The owner has improved the building to meet the department of labour new specification. Improved cost of R1 Million.
- The owner is currently discussing with another department for additional lettable space

Utilities

- R30 000 per month (average)
- R10 000 per month received from tenants (average)
9 shops @ R4500 pm
Dept of labour @ R5500 pm

Income

- Gross Income: R 113 000.00
- Nett income: R 93 000.00 (average)

Yield @10% yield
Selling @ R 11 Million

Improvements:
The owner has improved the building to meet the department of labour new specification. Improvement cost of R1 Million