This very modern office block is situated 200 meters from the UOFS main gate in a prime business area of Bloemfontein. It offers 1526 sqm of rentable space consisting of two levels and is in flawless condition. The return on investment at this price is approximately 12% based on the existing and potential rental income. Currently, the ground floor is fully rented out. Details of this rental contract will be provided to serious buyers. Currently, the second floor is vacant, but the seller will sign a head lease agreement for R1,020,000.00 for one year and payable upfront on transfer of the property to the new owner. This will safeguard the new owner from empty rentable space and allow him to seek new tenants. The other possibility in the case where a new owner will occupy the first floor
of the building the asking price could be lowered from R14,500,000.00 to R13,480,000.00.
The first floor consists of 16 spacious offices including a large office and reception space for the CEO. There is also ample open space in working areas as well as three boardrooms, Two kitchens, document storage and normal storage space. There are four-bathroom facilities servicing this area. The ground floor is tenanted and depending on your configuration needs could have the same number of offices etc. There is also a communal braai area. All the offices are airconditioned with either a central air-condition system and/or separate air-conditioners.
The seller is VAT registered and therefore the asking price is VAT excluded. However, if a new owner is also registered for VAT the transaction could be zero-rated.
Summary of amenities.
In the case where the new owner wants to occupy the whole property and subject to his/her configuration needs the following could apply:
32 offices;
7 toilets and bathrooms;
4 board rooms;
3 reception areas;
Ample storage and record filing areas;
2 Kitchenettes;
30 basement parkings;
16 outside parkings;
Secured entrance;
security cameras;
communal braai area.
This is a very good opportunity to obtain a top of the range investment property at a very realistic price. Please contact us for a guided tour.
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