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Property Details

High quality modern office building located in

Bruma , east of Johannesburg. The building has recently undergone a total refurbishment and

internal reconfiguration to suit the areas office demand.

Gross Lettable area : 2002,80 m2

Storage Space : 285 m2

Basement Parking Bays : 71

Open Parking Bays : 24

Zoning : Business 4

Anticipated net Annual Income : R 2,891,688

Approximate rate / m2 : R 11,500

The blended yield is based on the following factors:

The Consul General of Portugal was concluded on a straight 12 year lease

agreement, including a rental revision clause every 3 rd year of the lease

agreement (January 2021). The revision clause is expected to yield an increase in

income between 20% 40% when compared to the area average highlighted in

the latest Rhode’s Report;

Other lease agreement have been concluded with Portuguese business related to

that of the Consulate, at market related rentals. These lease agreement have a

weighted average expiry of 6 years, being 2024

Great investment

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Property Features

  • Property Type Office
  • Building Size 2,002m²

Location

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