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Commercial Property For Sale in Fourways, Sandton
R 55,000,000
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1 month ago55 views
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General Details
Location:
Size (sqm):3244
Description
Prime Commercial Property with Secure Lease Agreement In a Strategic Location
Discover this prime triangular property, spanning across an expansive 3,244m² erf and boasting a generous gross lettable area of around 2,194m². The building, a sturdy blend of brick and mortar, has been meticulously plastered and painted, exuding a professional and welcoming appeal.
Features and Facilities
A well-appointed parking facility offers a total of 90 parking bays, including convenient open-bay parking options to accommodate visitors and tenants alike. The ground floor houses a combination of spacious offices and supplementary storage areas, while the first floor is dedicated entirely to office space, providing flexibility for various business needs.
Security is paramount, with a comprehensive fencing setup comprising both steel palisade and electric fencing, augmented by strategically positioned CCTV cameras, ensuring peace of mind for occupants and visitors.
Its strategic layout, thoughtfully designed interiors, and proximity to the adjacent mall further enhance its appeal, offering convenience and accessibility.
Surrounding the property, pockets of lush green vegetation add a touch of natural serenity to the environment, contributing to a pleasant and inviting ambiance.
Lease Agreements
A new lease agreement has been secured for the entire premises with Home Toy Store (Pty) Ltd, effective from 1 June 2022, and set to conclude on 31 May 2027, ensuring a stable and reliable tenancy for the foreseeable future.
Additionally, a separate lease was in place for an aerial on the roof that expired on 31 March 2023, further demonstrating the property's potential for generating consistent and diversified income streams.
Explore the boundless potential of this property, where modern functionality meets strategic location, offering a compelling opportunity for discerning investors and businesses seeking a prominent and adaptable commercial space.
Property Reference #: 114192700
Agent Details:
Mike Kibiego
Royal Abbai Properties - Fourways
Fourways
Discover this prime triangular property, spanning across an expansive 3,244m² erf and boasting a generous gross lettable area of around 2,194m². The building, a sturdy blend of brick and mortar, has been meticulously plastered and painted, exuding a professional and welcoming appeal.
Features and Facilities
A well-appointed parking facility offers a total of 90 parking bays, including convenient open-bay parking options to accommodate visitors and tenants alike. The ground floor houses a combination of spacious offices and supplementary storage areas, while the first floor is dedicated entirely to office space, providing flexibility for various business needs.
Security is paramount, with a comprehensive fencing setup comprising both steel palisade and electric fencing, augmented by strategically positioned CCTV cameras, ensuring peace of mind for occupants and visitors.
Its strategic layout, thoughtfully designed interiors, and proximity to the adjacent mall further enhance its appeal, offering convenience and accessibility.
Surrounding the property, pockets of lush green vegetation add a touch of natural serenity to the environment, contributing to a pleasant and inviting ambiance.
Lease Agreements
A new lease agreement has been secured for the entire premises with Home Toy Store (Pty) Ltd, effective from 1 June 2022, and set to conclude on 31 May 2027, ensuring a stable and reliable tenancy for the foreseeable future.
Additionally, a separate lease was in place for an aerial on the roof that expired on 31 March 2023, further demonstrating the property's potential for generating consistent and diversified income streams.
Explore the boundless potential of this property, where modern functionality meets strategic location, offering a compelling opportunity for discerning investors and businesses seeking a prominent and adaptable commercial space.
Property Reference #: 114192700
Agent Details:
Mike Kibiego
Royal Abbai Properties - Fourways
Fourways
Id Subtitle 1270945311
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Estimated monthly repaymentR 596,039
Total property loan amountR 55,000,000
Total interestR 88,049,333
Total repaymentR 143,049,333
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Royal Abbai Properties - Fourways
Selling for 1 month
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Active Ads43
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