Explore a lucrative investment in 3 Eaton on Terrace, a full-service office property that combines stability and growth potential. This well-located property in New Redruth, Alberton, consisting of 28 single offices and 1 office suite, offers a secure, income-generating investment in the heart of a thriving commercial district.
Price: R5 990 000 excl. VAT.
Investment metrics:
- Stable monthly revenue of R111 000.
- Fixed monthly costs of R64 900.
Key Investment Features:
- A solid cap rate of 9.5% and a return on investment (ROI) of 8.9%. This property provides a stable and consistent stream of income.
- A high occupancy rate of 95% combined with competitive rental rates. With only two single offices and zero offices suites currently vacant, the property demonstrates a history of minimal vacancies.
Additional services revenue
In addition to rental income, the property generates supplementary income through services including fax, email, printing, and Wi-Fi.
Flexible lease terms
The average lease term is twelve months.
Prime location
The property is situated in a bustling commercial area, offering excellent accessibility to major transport routes and essential amenities, ensuring a steady flow of tenants.
Fully serviced offices
The property stands out for its well maintained and professionally managed offices, providing turnkey solutions for its tenants, coupled with stringent access control, fire safety measures, and well-designed communal areas.
Trust ownership
The property is owned by a trust.
Interested in this property? Contact Ken de Melo, Sales Associate at RE/MAX Commercial (ken@teamkhaya.co.za / +27 71 498 9905) for more information.
