Property from Unknown Address - KW

Office building in Nelspruit, 1200\nPrime Location: Situated in the bustling business hub of the CBD of Nelspruit, which is a sought-after area for professionals, attorney firms, and parasang\n\nCondition: A-grade, having undergone a complete renovation in June 2024.\nRenovations Included: Installation of new under cover parking, and a comprehensive maintenance plan implemented by the owner to ensure the building remains in top condition.\nGLA (Gross Lettable Area): 1,205 m², making it a sizeable office space for multiple tenants.\nERF Size: 1,487 m²\nTenancy and Office Modules\nTotal Office Modules: 8\nCurrent Tenants: 7 out of the 8 office modules are currently tenanted, indicating a high occupancy rate and steady rental income.\nTenant Demographics: Popular among attorney firms, professionals, and parastatals, which adds to the building's prestige and reliability as an investment.\nParking Facilities\nTenant Parking Bays: 27 regular bays and 3 tandem bays, providing ample parking space for tenants.\nDisabled Parking Bays: 1 bay, ensuring accessibility for disabled individuals.\nStreet Front Customer Parking: 8 bays, offering convenient parking options for clients and visitors.\nZoning and Investment Potential\nZoning: Business 2, which allows for a variety of commercial uses.\nInvestment Suitability:\nIdeal for Owner/Occupant: The building's prime location and high demand for office space make it perfect for an owner-occupant looking to establish their business in a prestigious location.\nIdeal for Investors: High occupancy rate, quality tenants, and well-maintained facilities offer a reliable and potentially profitable investment opportunity.\nAdditional Features\nMaintenance: The property is well-maintained with a dedicated maintenance plan, ensuring longevity and reduced future repair costs.\nDemand: Office area sizes are well in demand, enhancing the property’s attractiveness to potential tenants and investors.\n