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R 8 490 000

Commercial Property for Sale in Erasmusrand

Erasmusrand, Pretoria

Contact broker for street address

1 179 m²

NO TRANSFER DUTY

Contact Broker

Chrisjan van Heerden

Show Contact Number

Investors: +/- 10% yield. A-grade, multi-tenanted office building

CH Professional exclusive mandate - priced to sell

Attention investors!

This A-grade investment building is offered at an attractive price at an approximate yield of 10%.

- Located on a corner lot, 700m from N1 on/off ramp

- Multi tenanted, for more stable rental income

- Large, long term anchor tenant in 249m²

- Up to date approved building plans with appropriate zoning

- Well maintained, with ongoing up-to-date maintenance plan

- Up-to-date fire equipment servicing

- Split unit air-conditioning to all office spaces

- Individual fiber internet to office units

- Communal reception area with centralised reception service

- Multiple entrances to building:

> main reception lobby

> secondary lobby

> entrance from covered parking lot

> service entrance and fire escapes

- Alarm system with internal and external beams, burglar bars & CCTV

-...

CH Professional exclusive mandate - priced to sell

Attention investors!

This A-grade investment building is offered at an attractive price at an approximate yield of 10%.

- Located on a corner lot, 700m from N1 on/off ramp

- Multi tenanted, for more stable rental income

- Large, long term anchor tenant in 249m²

- Up to date approved building plans with appropriate zoning

- Well maintained, with ongoing up-to-date maintenance plan

- Up-to-date fire equipment servicing

- Split unit air-conditioning to all office spaces

- Individual fiber internet to office units

- Communal reception area with centralised reception service

- Multiple entrances to building:

> main reception lobby

> secondary lobby

> entrance from covered parking lot

> service entrance and fire escapes

- Alarm system with internal and external beams, burglar bars & CCTV

- Established and experienced staff includes grounds man, two cleaners, as well as a receptionist and caretaker

- Building includes:

> 37 distinct areas

> two board rooms

> 8 x bathrooms

> 2 x kitchens

> 2 x court yards

> 44 covered parking areas in secured parking lot

> guest parking

> caretaker staff quarters

- Communal area furniture included in sale:

> board room furniture

> reception furniture

> kitchens furniture

Notable surrounding landmarks:

- N1 on/off ramp Rigel Ave, 700m

- Castle Gate Shopping Centre, 1.8km

- Kloof Hospital, 3km

- Wolwespruit bike and trail park, 2.9km

- Hoërskool Waterkloof, 2.8km

Asking price excludes VAT. The property is offered for sale as a VAT active going concern, and a 0% VAT rate is expected on the sale. The sale could either entail the purchase of the property, or the purchase of 100% of the shares in the holding entity.

Contact professional investment property broker Chrisjan van Heerden (MSc Property Studies) for more information about this excellent investment opportunity, and for information about marketing your investment properties.

SAPOA definition of A-grade property: "High quality properties providing good access and are professionally managed with continued above average maintenance High quality modern finishes, air conditioning, adequate on site parking Clearly articulated entrance, lobby with clear circulation High ceiling heights, flexible floorplates likely"

Listing number: P24-114988284, Image number: 1, Main entrance

Listing number: P24-114988284, Image number: 2, Front view

Listing number: P24-114988284, Image number: 3, Entrance to main reception lobby

Listing number: P24-114988284, Image number: 4, Alternative entrance, in second stree

Listing number: P24-114988284, Image number: 5, Entrance to secondary lobby

Listing number: P24-114988284, Image number: 6, Entrance from secured parking lot.

Listing number: P24-114988284, Image number: 7, Entrance to secured, covered parking lot

Listing number: P24-114988284, Image number: 8, Covered, and secured parking lot

Listing number: P24-114988284, Image number: 30

Property Overview

Listing Number

114988284

Type of Property

Commercial Property

Description

Office

Listing Date

26 September 2024

Erf Size

4 000 m²

Floor Size

1179 m²

Special Levy

R 0

No Transfer Duty

Yes

Rates and Taxes

R 22 794

Facilities

Bathrooms

4 x ladies and 4 x gents, full time cleaner

Cleaning service, Communal bathrooms

Board Rooms

Furniture included

Kitchens

full time cleaner

Cleaning service

Offices

Air Conditioner, Blinds

External Features

Parking

44 covered and secured, 9 dedicated guest bays,...

On street parking, Secure parking, Visitor parking

Outside Areas

Courtyard

Building

Building Grading

A Grade

Multi Tenanted

Yes

Standalone Building

Yes

Number of floors

Other Features

Security

Electric Gate, Alarm System, Closed Circuit TV, Burglar Bars, Indoor Beams

Temperature Control

Split unit air-cons to all offices

Air Conditioning Unit

Internet Access

Fibre

Wheelchair Accessible

Yes

Points of Interest

Bond Calculator

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Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

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