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370 Rivonia Boulevard | Commercial property to buy
R 14,000,000
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1 year ago225 views
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General Details
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Description
Investment opportunity!
50% occupancy with great lease terms in place. This neat and newly renovated commercial property is a multi-level office building comprising of a basement level, a ground floor and a first floor. The basement level hosts 26 bays as well as storage spaces and a caretaker room/flat. The ground and first floors host multiple different office suites, male and female toilets, kitchenettes, storage space, server rooms and open/covered patios and balconies.
Half of the yard space is a paved parking area hosting shaded and open parking bays, the other half hosts a beautiful garden populated with plenty trees and greenery. The property enjoys two immediate access points, one grants access to the basement parking and the other grants access to the ground floor and shaded parking yard. Specifications include tiled gabled roofing, carpet flooring in offices and tiled flooring in communal spaces.
The property is located in Rivonia, a northern suburb of Johannesburg situated just off the N1 Western Bypass. The mixed use suburb comprises of both commercial and residential properties. The property is situated just off Rivonia Road (M9), a major thoroughfare between the N1 Highway and popular northern suburbs namely: Rivonia, Morningside, Sandton, Illovo and Rosebank. The property's ideal proximity to the N1 highway and the Buccleuch Interchange allows for ease of access from surrounding Johannesburg as well as northern cities such as Centurion and Pretoria.
Property Reference #: MD1628RFS
Agent Details:
Mitch Dunn
Officeplace
API House
Ground floor
85 Wessel Road
Rivonia
50% occupancy with great lease terms in place. This neat and newly renovated commercial property is a multi-level office building comprising of a basement level, a ground floor and a first floor. The basement level hosts 26 bays as well as storage spaces and a caretaker room/flat. The ground and first floors host multiple different office suites, male and female toilets, kitchenettes, storage space, server rooms and open/covered patios and balconies.
Half of the yard space is a paved parking area hosting shaded and open parking bays, the other half hosts a beautiful garden populated with plenty trees and greenery. The property enjoys two immediate access points, one grants access to the basement parking and the other grants access to the ground floor and shaded parking yard. Specifications include tiled gabled roofing, carpet flooring in offices and tiled flooring in communal spaces.
The property is located in Rivonia, a northern suburb of Johannesburg situated just off the N1 Western Bypass. The mixed use suburb comprises of both commercial and residential properties. The property is situated just off Rivonia Road (M9), a major thoroughfare between the N1 Highway and popular northern suburbs namely: Rivonia, Morningside, Sandton, Illovo and Rosebank. The property's ideal proximity to the N1 highway and the Buccleuch Interchange allows for ease of access from surrounding Johannesburg as well as northern cities such as Centurion and Pretoria.
Property Reference #: MD1628RFS
Agent Details:
Mitch Dunn
Officeplace
API House
Ground floor
85 Wessel Road
Rivonia
Id Subtitle 1180936545
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Estimated monthly repaymentR 151,719
Total property loan amountR 14,000,000
Total interestR 22,412,558
Total repaymentR 36,412,558
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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Officeplace
Selling for 6+ years
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