Property features

R45 000 000
Rates R82500 pm

Property Details

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