Web Ref No CL34577

Reduced Mandate - Strong Income Generating 7 Year Lease

Elite park is a high yielding income generating business park, situated on a prominent corner site, currently let by a single tenant.

The property hosts a multifaceted office block comprising of six interlinking three-storey office blocks. The blocks are referenced from Block A to Block F. Each floor of each block comprises of single units. The units vary in size, configuration and fixtures/finishes used, but all have been fitted with internal bathrooms and kitchenettes.

The property has 204 parking bays divided between covered and open bays.

The property currently generates a strong income from an educational institution with a 10 year lease (with 7 years remaining) and has an incredible yield due to its reduced mandate.

Key features

- GLA: 6 855 sqm
- Erf Size: 8 763 sqm
- GAI: R6 177 608
- 204 Parking Bays
- High Exposure Corner Site
- REDUCED MANDATE