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Upmarket Office Park With 85% Tenanted
updated on Jun 10, 2024
R 86 700 000

WEB REF: 715062

Property Summary
  • Selling Price R 86 700 000
  • Property Type Industrial
  • Erf Size 22285 m2


Description

Accepting Offers. DESCRIPTION: The property is located within popular and sought after Midrand’s secure Corporate Park South. Access to the Corporate Park is convenient with the entrance located just south of the intersection between Olifantsfontein and Old Pretoria Main roads. The property consists of high-quality warehousing and A-grade corporate offices An is available onsite. • Offices - 4566m² (over 2 floors) • Large warehouse - 7046m² • Electricity supply of 1,000amps or 700KVa • Reception area • Toilets • Occupancy - 85% • Lease expires 31 March 2027 • Escalation 7% • Kitchen area • Good security • Ample parking - 194 bays INCOME: • Gross rental - R11 890 736.00 pa • Expenses - R1 766 289.00 pa • Total NPI R10 380 306.00 pa P.S. Not quite right? Not a problem. I have plenty of private stock that might work for you - Call me to learn more. DETAILS: • Erf No: 210, Randjespark Ext 72 • Erf Size: 22 285m² DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to bidding.

      Property Address

      Randjesfontein AH, Midrand, Gauteng

      Contact Agent(s)

      eMail Agent(s)