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Nelspruit Central, Nelspruit Central, Nelspruit, Mpumalanga
R 17 520 000
Office building in Nelspruit, 1200 Prime Location: Situated in the bustling business hub of the CBD of Nelspruit, which is a sought-after area for professionals, attorney firms, and parasang Condition: A-grade, having undergone a complete renovation in June 2024. Renovations Included: Installation of new under cover parking, and a comprehensive maintenance plan implemented by the owner to ensure the building remains in top condition. GLA (Gross Lettable Area): 1,205 m², making it a sizeable office space for multiple tenants. ERF Size: 1,487 m² Tenancy and Office Modules Total Office Modules: 8 Current Tenants: 7 out of the 8 office modules are currently tenanted, indicating a high occupancy rate and steady rental income. Tenant Demographics: Popular among attorney firms, professionals, and parastatals, which adds to the building's prestige and reliability as an investment. Parking Facilities Tenant Parking Bays: 27 regular bays and 3 tandem bays, providing ample parking space for tenants. Disabled Parking Bays: 1 bay, ensuring accessibility for disabled individuals. Street Front Customer Parking: 8 bays, offering convenient parking options for clients and visitors. Zoning and Investment Potential Zoning: Business 2, which allows for a variety of commercial uses. Investment Suitability: Ideal for Owner/Occupant: The building's prime location and high demand for office space make it perfect for an owner-occupant looking to establish their business in a prestigious location. Ideal for Investors: High occupancy rate, quality tenants, and well-maintained facilities offer a reliable and potentially profitable investment opportunity. Additional Features Maintenance: The property is well-maintained with a dedicated maintenance plan, ensuring longevity and reduced future repair costs. Demand: Office area sizes are well in demand, enhancing the property’s attractiveness to potential tenants and investors.
Estimated monthly repayment
R 165 447
on a R 15 768 000 bond over 20 years at 11.25%
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Nelspruit Central, Nelspruit Central, Nelspruit, Mpumalanga
Listed by
Johan Jacobs
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