Property description

This exceptional 3-storey commercial building offers an outstanding investment opportunity in a high-demand location. With a gross lettable area of 1,774m², the property is designed for versatility, featuring approximately 41 rentable offices and 3 retail shopfronts on the ground floor.

Currently operating at an impressive 95% occupancy rate, the building is partially let, with tenants primarily consisting of small office-based companies. The property generates a gross monthly income of approximately R300,000, with full occupancy potential of up to R350,000 per month. Operating expenses are low at around plus minus R43,307 per month, making this a highly efficient and income-generating asset.

The property includes 37 parking bays, ensuring ample convenience for both tenants and visitors. Zoned for office use, the building’s layout and tenant mix are ideal for long-term stability and rental growth.

At a purchase price of R28,000,000 excl. VAT, this investment offers a Return on Investment (ROI) of 11%—an attractive figure for serious investors seeking strong cash flow and long-term value appreciation. The average price per square metre is R170 (VAT incl.), further highlighting the competitiveness of this opportunity.

With its prime location, excellent occupancy, and strong rental income, this building is perfectly positioned as a secure and high-yielding addition to any property portfolio.

We commit ourselves to:

*Truthful and honest advice

*Professional attitude, assessment, and understanding of your needs.

*Confidentiality and protection of your interest

*Negotiate the best possible agreement.

No one sells more property than us, so make the smart choice now.

Pre-qualified or cash buyers will be given preference.

If this property does not suit your needs or taste, please give me a call so that we can discuss and find your dream home or next investment!!!