Commercial - Office for Sale in Les Marais

Description

Accepting Offers. DESCRIPTION: Mixed Use Commercial In Prime Location — 10.5% Solid Investment Nett Return. This massive U-shaped commercial property covers a 5,652m² footprint with estimated GLA of 4,140m² for plenty of tenants to operate their businesses from. Spread over three floors excluding the ground floor, tenants have access via balustrade staircases and lift access. There is both covered/shade net and open parking on site holding up to 65 vehicles with sufficient loading and unloading facilities for logistics vehicles. Further to this, off-street and on street parking are abundant around the property, offering customers ample parking. The outdoor surface is solid tarmac, strong enough to hold heavy loads, while the internal flooring is re-enforced concrete. Double volume roof heights with corrugated galvanised iron steel & IBR roofing sheets on trusses & steel installed windows throughout buildings. Provisions for HVACs and air-conditioning considered and taken into account. The property also provides storage & warehousing facilities (1,177m²) bricked up to roof and have ramp access with roller-shutter doors, kitchen areas, tiled ablutions for male, female & disabled. There is a retail showroom (1,311m²) on ground floor coupled with offices (1,056m²), boardrooms, storerooms and reception entrance with waiting room. In addition, there is an open-sided workshop (497m²), communal courtyard, canteen area, balcony sections, and a walk-in on site secured safe room. Additional security includes patrol guards and alarm systems fitted. Gross Income: ±R1,9mill p.a; Nett income: ±R1,54mill p.a Current tenant mix: Retail shop, warehousing, offices, and workshop. Long standing tenants with secured leases in place. Only 2 vacancies. Minimal monthly overheads as tenant recoverable on electrical and security costs. With easy access and high visibility, this site offers many upsides for further revenue generation and value creation. For example, investors and buyers can install solar on roof, frontage and side advertising boards, redevelop residential units, re-tenant vacant units, and sectionalise to name a few. Note - Property is sold as is "voetstoots". In-house sales, letting & development services for investors or developers looking to capital flip or secure leases or redevelop. NDA's will be required for any financial or business disclosures. Exclusive Commercial Finance can be arranged. View by Appointment. DETAILS: • Erf size: 5652m² 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.