Commercial for sale
Secure passive income in Ermelo CBD with a rare share-sale opportunity — 35+ years government tenancy, 1,936 m² offices on a 2,856 m² corner stand and 44 covered bays.
PRIME COMMERCIAL INVESTMENT | SHARE SALE | 35+ YEARS OF GOVERNMENT OCCUPATION
A rare opportunity to acquire the established Medentco Building, prominently positioned on a corner stand in Ermelo CBD.
Please note: This transaction is structured as the purchase of the shares in Medentco (Pty) Ltd, the company that owns the property. The purchaser will therefore acquire the property-owning company and its underlying assets, rather than purchasing and transferring the building directly.
The property is occupied by a long-standing national government tenant, with an exceptional occupancy history exceeding 35 years.
The company is the landlord under two current government lease agreements, covering a combined 1,234 m2 of office accommodation and 44 covered parking bays. The combined contractual rental is approximately R193,825 per month including VAT, or R168,543 excluding VAT. Based on the asking price, this represents an attractive gross rental yield of approximately 15%.
Situated on a substantial 2,856 m2 erf, the property offers immediate and proven rental income from an established occupier.
Tenant information, current lease agreements, updated financial statements, company documentation and supporting property records are available to qualified buyers for due diligence.
An exceptional opportunity for the serious commercial investor seeking scale, strong cash flow and a proven occupancy history.
Listed for sale at R13,450,000
Ermelo Central serves as a convenient and bustling hub in the Mpumalanga Highveld, offering residents easy access to essential services, schools, and major transport routes in a friendly, small-town atmosphere.
