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POA

Commercial Property On Auction in Halfway House

Halfway House, Midrand

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6 855 m²

AUCTION

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Jayson-Lee Collins

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Reduced Mandate - Strong Income Generating 7 Year Lease - On Auction 16 October

On Auction 16 October - Reduced Mandate - Strong Income Generating 7 Year Lease

Elite park is a high yielding income generating business park, situated on a prominent corner site, currently let by a single tenant.

The property hosts a multifaceted office block comprising of six interlinking three-storey office blocks. The blocks are referenced from Block A to Block F. Each floor of each block comprises of single units. The units vary in size, configuration and fixtures/finishes used, but all have been fitted with internal bathrooms and kitchenettes.

The property has 204 parking bays divided between covered and open bays.

The property currently generates a strong income from an educational institution with a 10 year lease (with 7 years remaining) and has an incredible yield due to its reduced mandate.

Key features

- GLA: 6 855 sqm

- Erf Size: 8 763 sqm

- GAI: R6...