Ground & mezzanine commercial sectional title unit with parking bays & storage units
Waverley Business Park, situated on the border of Mowbray/Observatory and close to both railway stations and other transport links and is just off the N 2 Freeway and with easy access to the CBD and other main business centres.
The business park is close to all amenities in the area with ample shops and restaurants in the surrounding area. There is also an on-site restaurant and kiosk. The complex is patrolled by 24-hour security with access control.
This secure, well managed business park has always proven popular with many companies in the IT / Design / Training industries.
The rentals have always been competitive, and have attracted quality tenants.
GLA – 413m² comprising offices w/own ablutions, kitchen incl meeting rooms & private offices PLUS 5 open parking bays + 4 garage bays PLUS 2 Storage Units measuring – 16m² & 33m²
Market Rentals – R115/m² + VAT
Open Parking Bays – R750 per bay pm + VAT
Garage Parking Bays – R950 per bay pm + VAT
9% escalation p.a.
Gross Annual Income – R710 520
Nett annual income – R555 503
Asking price – R6.16m + VAT
Initial yield – 9%
Current owner occupied / sold with vacant occupation.