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275m² – Ground floor office suite FOR SALE at Waverley Business Park in Observatory.

Observatory, Cape Town,
South Africa
R2,750 000.00 For Sale
Offices for sale
  • 69
  • 0
  • Size: 275m2
Norman Alexander
Norman Alexander
Contact Agent
083 631 4410

Description

Ground floor  office suite FOR SALE – ideal as a training centre / multiple offices / meeting rooms!

Comprising multiple offices w/own ablutions, kitchen

Current usage – Church / Training Centre

4 parking bays

·         275m² x R120/m² = R 33,000pm + VAT

·         4 pbays x R800 each = R 3,200pm + VAT

·        Gross Income = R 36,300pm / R 434,400 p.a.

·         Expenses – rates – R 3,066pm / levies ( including pbays ) – R 7,051pm / management fee – R 1,086pm / CSOS – R 40pm =

·         Expenses – R 11,243pm / R 134,916 p.a.

·         Nett Annual Income – R 299,484

·        Capital value @  9.5%  =  R 3,152, 463

·        Reduced price – R 2,750, 000 + VAT

Secure, well managed business park

24/7 security

CCTV throughout the complex

Coffee Shop / Café on site

Information about…Waverley Business Park –

The complex comprises a total of 31 buildings , each with their own unique qualities , & which have been sub-divided to create a selection of self-contained units on ground, first and second floor levels catering for a wide variety of accommodation needs, in accordance with the following:

• Offices & studios : 24935m² rentable area

• Industrial /showrooms : 3815m² rentable area

• 54 flats : 2985m² section area

• Total rentable area 31835m²

• Open Parking: 301 bays.

• Garage Parking: 255 bays

• Total parking 556 bays on site

• Parking Ratio: 1 bay per 56m² average + general un-metered street parking

Available – 1 month’s notice

CALL NOW TO ARRANGE A VIEWING – 0836314410