High quality modern office building located in
Bruma , east of Johannesburg. The building has recently undergone a total refurbishment and
internal reconfiguration to suit the areas office demand.
Gross Lettable area : 2002,80 m2
Storage Space : 285 m2
Basement Parking Bays : 71
Open Parking Bays : 24
Zoning : Business 4
Anticipated net Annual Income : R 2,891,688
Approximate rate / m2 : R 11,500
The blended yield is based on the following factors:
The Consul General of Portugal was concluded on a straight 12 year lease
agreement, including a rental revision clause every 3 rd year of the lease
agreement (January 2021). The revision clause is expected to yield an increase in
income between 20% 40% when compared to the area average highlighted in
the latest Rhode’s Report;
Other lease agreement have been concluded with Portuguese business related to
that of the Consulate, at market related rentals. These lease agreement have a
weighted average expiry of 6 years, being 2024
Great investment
Contact us now for exclusive appointment to view!