FEATURED
Web Ref NLC88
R47,000,000
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Monthly Levy
R14,000
R14,000
Monthly Rates
R120,000
R120,000
SOLE MANDATE - AAA GRADE OFFICE BLOCK FOR SALE IN WESTWAY OFFICE PARK
Next Level Properties is proud to offer this AAA grade office block for sale to either an end user or an investor.
Situated within Westway Office Park which is right next door to the Westville Hospital and the Pavilion Shopping Centre.
The offices are mostly open plan making it ideal for any call center.
The building has a back-up generator linked to a UPS system for seamless change overs as well as 80,000 litre's of back-up water supply.
Total building size - approx. 3051m2
130 parking bays (mostly undercover)
Current Tenant - The Unlimited
The tenant will consider either moving out at an agreed time or if required will sign a lease.
Current monthly rental income - R630,000 p/m plus vat which includes the parking bays and security.
Expenses:
Rates - R120,000 p/m
Levies - R14,000 p/m
Insurance - R8,000 p/m
Other approx. R10,000 p/m
At R47,000,000 this would give an investor around a 12% return.
NB* Selling price is exclusive of vat.
Call Paul for an exclusive viewing.
Situated within Westway Office Park which is right next door to the Westville Hospital and the Pavilion Shopping Centre.
The offices are mostly open plan making it ideal for any call center.
The building has a back-up generator linked to a UPS system for seamless change overs as well as 80,000 litre's of back-up water supply.
Total building size - approx. 3051m2
130 parking bays (mostly undercover)
Current Tenant - The Unlimited
The tenant will consider either moving out at an agreed time or if required will sign a lease.
Current monthly rental income - R630,000 p/m plus vat which includes the parking bays and security.
Expenses:
Rates - R120,000 p/m
Levies - R14,000 p/m
Insurance - R8,000 p/m
Other approx. R10,000 p/m
At R47,000,000 this would give an investor around a 12% return.
NB* Selling price is exclusive of vat.
Call Paul for an exclusive viewing.
Features
Zoning
Commercial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Parking Bays
Open Parkings
130
Sizes
Floor Size
3,051m²
