Web Ref No CL34511

Single Tenanted Income-Producing Office - On Auction - 22 May 2024 - The Wanderers Club, Illovo, Sandton

The subject property is a multi-level office building currently fully tenanted by the Department of Health. The L-shaped building provides for basement parking and three storeys of neat and well maintained office space. The building is constructed using low-maintenance facebrick walling. Back up water and a 250kVA generator provide for a seamless working environment for tenants. Immediate access is provided by means of a pedestrian entrance to the building and a vehicular driveway descending to the basement area, both of which are from Boom Street.

Key Investment Highlights:
- Single tenanted by the Department of Health (Government tenant)
- GLA: 2 550m2
- Erf size: 1 476m2
- Net Annual Income: +- R2 744 521,60
- 34 Basement parking bays
- Lift
- 250kVA generator
- Back up water
- Zoning: "Business 1"

Fantastic opportunity to acquire this for a high yield so don't miss out!

Please feel free to contact me for more information.