R7 475 000 | Commercial Property For Sale in Erand Gardens, Midrand

OFFICE SUITE FOR SALE/RENT IN ROSEN OFFICE PARK, ERAND GARDENS!!
This double storey Rosen Office Park building is centrally and conveniently located with entrance on Matuka Close in Erand Gardens and occupies the corner of Invicta and 3rd Roads. Rosen Office Park is a quiet, relatively small but one of the newer office parks in the area as such its building are more modern than most in the Carlswald/Erand Gardens area. It has easy access to major mobility nodes in the area including the New Road, Harry Galaun/Lever Road, N1,etc and is close to schools, hotels, shopping centres and other amenities. The building is made up of two sectional title units of roughly the same size. With the upstairs area having previously been combined and tenanted as one, it was clear from that exercise that the entire building can be modified relatively inexpensively and sold as a whole to a buyer that requires the entire space. It is currently tenanted at about 60% occupancy (due to lockdown) and is generating +/-R100 per sqm in rental excluding operating costs. The floor space is close to 750 sqm, made up of 2 x +/-325 sqm office space, boardrooms, kitchens and toilet areas. Each of the 2 double storey units have been set up such that they can be occupied by 4 separate tenants taking up between 150 and 190 sqm space upstairs and downstairs. Parts of the building have recently been renovated and offer beautiful modern interior finishes. One of the units has a covered braai/entertainment patio spanning over 60 sqm. There’s also plenty of parking available. The office park is security controlled and is well maintained.
Call me to arrange a viewing!