Web Ref No ORC928

This freestanding A-Grade office building, located on one of Bruma's most sought-after roads, offers an exceptional business opportunity. It sits within the City Improvement District, nestled in the heart of the Bruma Office precinct, where a tranquil, park-like atmosphere meets convenience. The building is strategically located with easy access to key amenities and major highways.

Half of the building's total gross leasable area (GLA) is currently occupied by the Consul General of Portugal, adding to its prestige. The first floor is home to various businesses that complement the consulate’s services, including a Portuguese bank and a popular coffee shop. It has a total GLA of 2324.80 square meters comprising of 2039.80 squares of lettable office space and 285 square meters of storage space. The property also boasts a high tenant retention and 24-hour on-site security and CCTV camera surveillance for added peace of mind.

With annual operating costs working out to approx R868192.00 and the annual gross income working out to approx R3917622.00 that gives this property an annual income of approx R3049431.00, giving it a 13.25% annual yield and making the net utility costs 100% recoverable.

The property is well-positioned within a highly desirable office hub, meeting the growing demand for premium office space. Nearby, you'll find landmarks such as the prominent Eastgate Shopping Centre, various vibrant oriental markets, and quick access to OR Tambo International Airport via the N1 on/off ramp.

This property offers a unique opportunity to own prime real estate in a central, high-demand business district with a distinguished tenant mix, ensuring excellent potential for long-term value.

For more information, or to arrange a viewing, please feel free to contact us!