This well positioned 1951m2 office in Riverhorse Valley overlooking the river for sale, priced at R25 000 000 excluding vat.
Ideal for a company corporate head office, call centre or marketing and advertising company.
Great branding opportunities as it overlooks the N2 freeway. Easy access for customers and staff.
Secure office park with 24H guarded security.
89 Parking Bays:
54 Covered bays
35 Open bays
Potential Annual Rental Income
- Net annual rental: R2 692 380 (R115 x 1951)
- Total Potential Annual Gross Income: R2 692 380, excluding Vat
Annual Non-Recoverable Cost
- Repairs and maintenance: R108 948 per annum (3% of gross annual income)
- Total Annual Non-Recoverable Costs: R108 948, excluding Vat.
- Potential Annual Gross Income: R2 692 380
- Less - Non-Recoverable Costs: R108 948
- Potential Net Annual Income: R2 583 432
- Yield: 10.3%