508 m² Office Space in Lonehill

R4,900,000 | 500m² | 10 Parking Bays | Indicative Net Yield: 7.79

An excellent opportunity to acquire a standalone, double-storey commercial office building within a secure, gated office park in the sought-after business node of Lonehill.

Offering approximately 500m² of versatile office accommodation, this property presents an attractive proposition for commercial investors seeking an income-producing asset, as well as businesses looking to acquire their own premises.

INVESTMENT HIGHLIGHTS

The property is currently fully tenanted, with two existing occupants. Based on the current rental and confirmed operating expenses, the property offers the following indicative investment metrics:

Asking price: R4,900,000

Building area: Approximately 500m²

Price per square metre: Approximately R9,800m²

Indicative net rental yield: Approximately 7.79

Operating expense ratio: Approximately 33.45

Current occupancy: 100

Parking provision: 10 dedicated bays

The estimated net operating income is calculated after the currently confirmed property operating expenses and before finance costs, tax, depreciation and any additional costs not yet identified. Detailed rental and expense information will be made available to genuinely interested prospective investors upon request.

LEASE PROFILE & OWNER-OCCUPIER FLEXIBILITY

The building is currently occupied by two tenants:

One lease expires on 31 March 2027.

The second lease expires on 31 December 2027.

Both tenants have indicated an interest in renewing their leases, subject to agreement.

The current owner has intentionally not renewed the March 2027 lease, allowing a prospective purchaser the flexibility to occupy one floor for their own business requirements while retaining the existing tenant on the other floor.

This creates an appealing opportunity for an investor or an owner-occupier seeking to offset a portion of their occupancy costs through rental income.

OFFICE ACCOMMODATION

The building offers a practical and versatile layout across two floors. Each floor comprises:

A boardroom.

Spacious open-plan office accommodation.

Three private offices.

A kitchenette.

Bathroom facilities.

The configuration is suitable for professional practices, corporate offices and businesses requiring a combination of private offices, collaborative workspace and meeting facilities.

ADDITIONAL PROPERTY FEATURES

Approximately 500m² of office space.

Standalone double-storey building.

10 dedicated parking bays: 5 coveredshaded and 5 open.

Operational diesel generator included in the sale, providing backup power to the entire building.

Secure, gated office park.

Fixed monthly office park levy includes property management, security and maintenance of common areas.

LOCATION

Situated in Lonehill, the property benefits from its position within an established commercial and business node, with convenient access to surrounding business districts, retail amenities and major arterial routes.

IDEAL FOR

Commercial property investors seeking an income-producing asset.

Owner-occupiers looking to acquire their own office premises.

Professional practices and established businesses requiring a standalone office environment.

Investors seeking a property offering both existing rental income and future leasing flexibility.

A versatile commercial property combining existing tenancies, practical office accommodation, dedicated parking and backup power, with the added flexibility of potential owner occupation.

ASKING PRICE: R4,900,000

Contact us to arrange a viewing or request further investment information.

Investment figures are indicative and based on current rental and confirmed operating expense information. Prospective purchasers should independently verify all financial, tenancy and property information during due diligence.