Accepting Offers.
DESCRIPTION:
Perfectly Positioned Multi Levels Commercial Building.
Corner of Gerrit Maritz and Jack Hindon Street in Pretoria North, with huge visibility and accessibility. This expansive building hosts:
• Ground floor: offering 12 shops/offices with 10 are front facing excellent exposure.
• First floor offering 13 offices of different sizes, some equipped with air conditioning.
• Second floor offering 30 Offices/ rooms of different sizes and few of them are air conditioned.
• Third floor offering 8 spacious offices / rooms offering flexible usage opportunities.
• This building was designed to accommodate functionality and has maximum ventilation and airflow with its specially designed roof.
• The building has a lift servicing all floors also each floor has a kitchen and ample female and male restrooms.
• At 45% occupancy and with net rental income of over ±R2,3 million per annum the nett ROI is around 11.5 and potentially could yield over 16.5%of nett return at full occupancy. With a good tenant mix of retail stores, legal and medical offices, churches, and Educational school could offer a brilliant investment opportunity to a keen investor or owner occupier looking to grow a solid portfolio.
Pre-Auction Offers excl. Claremart fee will be considered.
DETAILS:
• Erf size: 2552m²
• GLA: ±6000m²
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 purchasing.
Property Address
Pretoria North, Pretoria, Gauteng
