R25,990,000

Office for sale in Bruma

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!

Property Type
Office
Building Size
2,002m²
Address
1 Ernest Oppenheimer Ave
Like this Office? Based on the bond repayments Get pre-qualified
Get to know Johannesburg
Johannesburg is known by various names just as diverse as the residents - Jozi, Jo’burg, Joeys, eGoli. From its humble beginning as a mining town, Johannesburg has evolved into a buzzing urban hub of activity. From high rises dotting the skyline to leafy suburbs with sprawling properties, the city reflects the history of its growth and major events in Southern African history.
Contact Agent
or
Save
Email me similiar properties View similiar properties near this one
office listed on 18 Jul 2020