R 7 500 000 | business property for sale in nigel central

MULTI LEVEL PROPERTY IN EXCELLENT CONDITION ! LOCATED IN THE HEART OF NIGEL ! 8 OFFICES, 7 x RESIDENTIAL UNITS ! ESKOM AS ANCHOR USING LARGE OFFICE SPACE - 30yrs FULLY OCCUPIED, LONGSTANDING TENANTS ! AMPLE COVERED, OPEN AND BASEMENT PARKINGS ! / Fantastic Investment opportunity in Nigel, offering ; A mix of Multiple Commercial offices and Residential Units across 3 levels, for a stable and diversified income stream. Ideally situated on a corner stand in a vibrant and well established location of Nigel. The Anchor tenant is ESKOM, who has been in the building for over 30 years. They occupy Ground floor, first and second floor separate from the rest of the Triple storey building. They enjoy double access to the property and 20 covered parkings, 12 onsite open parking bays and on street parking. Eskom rents aprox 1460sqm of the total property GLA (4042sqm). The area includes a reception area, Customer service and Office Cubicles, a Kitchen, Mens and Ladies toilets, Open offices and a Board room. The second floor comprises more or less the same amenities as the first floor space. Other Offices (7) are occupied by Local Tax Consultancy firm and Local Accounting firms and other businesses. Building Make up: 8 x Offices: - Eskom (42) - Accountants (2) - Accountants (1) - Tax Consultants (1) - Other (1) - Other (1) - Other (1) Residential Units: 5 x 2 Bedroom (Large) Units 2 x 1 Bedroom (Large) Units Rates R10 900.00 Gross Income average R125k (rental only) Net R100k - Other Amenities: Covered parking (20) yard with own access gates Open parking yard with own access gate Paved Yard Emergency Exits 24Hr Security on site Security Gates, Bars Fire Equipment Fire Detection Sensors Basement parking (13) GBA 4303sqm GLA 4042sqm Coverage 1415sqm (53%) FAR 1.60 (4303sqm)