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.
