R7 500 000 | 12 Bedroom Commercial Property For Sale in Nigel Central, Nigel

MULTI LEVEL PROPERTY IN EXCELLENT CONDITION !

LOCATED IN THE HEART OF NIGEL !

8 OFFICES, 7 x RESIDENTIAL UNITS !
ESKOM AS ANCHOR USING LARGE OFFICE SPACE - 30yrs+

FULLY OCCUPIED, LONGSTANDING TENANTS !

AMPLE COVERED, OPEN AND BASEMENT PARKINGS !

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• Fantastic Investment opportunity in Nigel, offering ;


• A mix of Multiple Commercial offices and Residential Units across 3 levels, for a stable and diversified income stream.


• Ideally situated on a corner stand in a vibrant and well established location of Nigel.


• The Anchor tenant is ESKOM, who has been in the building for over 30 years.
• They occupy Ground floor, first and second floor separate from the rest of the Triple storey building.
• They enjoy double access to the property and 20 covered parkings, 12 onsite open parking bays and on street parking.
• Eskom rents aprox 1460sqm of the total property GLA (4042sqm).
• The area includes a reception area, Customer service and Office Cubicles, a Kitchen, Mens and Ladies toilets, Open offices and a Board room.
• The second floor comprises more or less the same amenities as the first floor space.


• Other Offices (7) are occupied by Local Tax Consultancy firm and Local Accounting firms and other businesses.


• Building Make up:


• 8 x Offices:
• - Eskom (42)
• - Accountants (2)
• - Accountants (1)
• - Tax Consultants (1)
• - Other (1)
• - Other (1)
• - Other (1)


• Residential Units:
• 5 x 2 Bedroom (Large) Units
• 2 x 1 Bedroom (Large) Units


• Rates R10 900.00


• Gross Income average R125k (rental only)
• Net R100k +-


• Other Amenities:
• Covered parking (20) yard with own access gates
• Open parking yard with own access gate
• Paved Yard
• Emergency Exits
• 24Hr Security on site
• Security Gates, Bars
• Fire Equipment
• Fire Detection Sensors
• Basement parking (13)


• GBA 4303sqm
• GLA 4042sqm
• Coverage 1415sqm (53%)
• FAR 1.60 (4303sqm)