MULTI LEVEL PROPERTY IN EXCELLENT CONDITION !
LOCATED IN THE HEART OF NIGEL !
8 OFFICES, 7 x RESIDENTIAL UNITS !
ESKOM AS ANCHOR USING LARGE OFFICE SPACE - 30yrs+
FULLY OCCUPIED, LONGSTANDING TENANTS !
AMPLE COVERED, OPEN AND BASEMENT PARKINGS !
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Fantastic Investment opportunity in Nigel, offering ;
A mix of Multiple Commercial offices and Residential Units across 3 levels, for a stable and diversified income stream.
Ideally situated on a corner stand in a vibrant and well established location of Nigel.
The Anchor tenant is ESKOM, who has been in the building for over 30 years.
They occupy Ground floor, first and second floor separate from the rest of the Triple storey building.
They enjoy double access to the property and 20 covered parkings, 12 onsite open parking bays and on street parking.
Eskom rents aprox 1460sqm of the total property GLA (4042sqm).
The area includes a reception area, Customer service and Office Cubicles, a Kitchen, Mens and Ladies toilets, Open offices and a Board room.
The second floor comprises more or less the same amenities as the first floor space.
Other Offices (7) are occupied by Local Tax Consultancy firm and Local Accounting firms and other businesses.
Building Make up:
8 x Offices:
- Eskom (42)
- Accountants (2)
- Accountants (1)
- Tax Consultants (1)
- Other (1)
- Other (1)
- Other (1)
Residential Units:
5 x 2 Bedroom (Large) Units
2 x 1 Bedroom (Large) Units
Rates R10 900.00
Gross Income average R125k (rental only)
Net R100k +-
Other Amenities:
Covered parking (20) yard with own access gates
Open parking yard with own access gate
Paved Yard
Emergency Exits
24Hr Security on site
Security Gates, Bars
Fire Equipment
Fire Detection Sensors
Basement parking (13)
GBA 4303sqm
GLA 4042sqm
Coverage 1415sqm (53%)
FAR 1.60 (4303sqm)