686 m² Commercial space in Newton Park

Erf 1:

Zoning: Bus 3

Pristine Office Space with aircons and burglar bars: Ideal for Business Operations

Size: 1,606 sq/m | Structure: 314 sq/m

Rates and Taxes: R 4,303 | Insurance: R 547

Prepaid water and electricity

Ample parking space for customers and employees with more space available for expansion

Erf 2:

Zoning: Bus 3

Pristine Office Space with aircons and burglar bars: Tailored for Efficiency

Size: 1,606 sq/m | Structure: 372 sq/m

Rates and Taxes: R 4,008 | Insurance: R 717

Prepaid water and electricity

Ample parking space for customers and employees with more space available for expansion

Key Features:

Prime Location for Business Operations

Tenant Details:

Tenant 1:

Occupies Unit 1 and 3

Square Meters: 451 Total

Rental: R 34,425 (ex VAT)

Lease Extension: 5 years, ending September 2028

Tenant 2:

Occupies Unit 2

Square Meters: 70

Rental: R 5,783 (ex VAT)

Lease Renewal: In progress, expires July 2024

Possible 3rd Tenant:

Building Currently Unoccupied

Square Meters: 116

Investment Benefits:

Strategic Bus 3 Zoning

Spacious and Well-Designed Office Spaces

Stable Rental Income from Existing Tenants

Potential for Additional Rental Income from Unoccupied Unit

Contact William to view this prime commercial premises.