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Partially Tenanted Office Park – Investment Opportunity

R114,000,000

Detail

Updated on July 7, 2021 at 12:45 pm

  • Property Type: Office
  • Property Status: For Sale, New Listing
  • Income: R5 532 000
  • GLA: 11 947m²
  • Zoning: Special - Office
  • Extent : 2.258Ha

Description

The advent of pandemic, has created opportunities for Property Investors. Now is the time, where properties struggling with tenancies can be picked up at a substantially reduced prices to values in previous years. In the office space this is more pronounced. What makes this office park attractive is that it is partially tenanted and is ideally suited to smaller businesses and firms looking for smaller areas to occupy – post pandemic. It is also located in a the rapidly developing  Fourways/Sandton hub area.  The property is well maintained and consists of a modern, glass and brick facade, double-story office blocks in an attractive garden environment.

In excess of 11 900 square meters GLA. Current 60+percent vacancy. Good proximity to residential areas. Ample parking.

 

 

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