1132 m² Office For Sale in De Kuilen

Accepting Offers.

DESCRIPTION:
Omnipark Kuilsriver is situated on Van Riebeeck Road being the Main Road running through Kuilsriver, connecting the affluent Northern Suburbs of Cape Town with the Helderberg Basin and Stellenbosch. The property is also well located in terms of the R300 road linking Kuilsriver onto both the N1 and N2 highways, as well as close proximity to the Cape Town International Airport.

The property has been improved with a double storey building, the bottom floor being retail and the top floor office space. It could be a unique opportunity to convert the top floor into residential units. Ample parking is available at the back of the building. The retail tenants are long standing. The side of the building offers a great advertising exposure which can generate additional income.

• Fully tenanted with 6 tenants
• 7 Reserved open bays
• Ample municipality parking behind the building
• Gross annual income: R2,593,977.00
• Monthly recoveries: R44,661.98
• Monthly expenses: R62,405.00
• Full income / expenses breakdown available
• VAT entity
• Can be zero rated

DETAILS:
• Erf no: 11749, Kuils River
• Erf size: 1132m²
• Zoning: General Business 5

Disclaimer:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.