R 7 500 000
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668 m² Commercial space in Wellington North

3 1 311 m² 668 m²

Offices / Commercial Property with excellent location.

Very neat office building with a professional feel to it, situated in the heart of Wellington''s commercial hub. It''s location is just off Church Street which means you will be surrounded by other offices, businesses, medical practices and financial institutions.

The property offers the following:

* 16 Separate offices/work areas

* 5 Open plan work areas

* Reception

* 2 x Boardrooms

* Walk-in safe

* File room

* Ample storage areas rooms

* Parking = 15 parking bays with shaded nets

* The current tenants/occupants are renting an additional 25 parking bays - a new agreement would have to be entered into by the new owner/occupant and neighbour.

* Total number of employees currently working in building = 60 persons

Additional note on sale and leaseback:

The Seller will be prepared to lease the property back from the Purchaser (new owner) for a period of 24 months after date of registration of transfer and will pay R100 000 + VAT p/m in respect of rent. This lease agreement will have an effect on the VAT and a zero-rated transaction could be concluded. This would enable the Purchaser to recoup approx. 30% of the purchase price plus grant them ample time to source new tenants (should they wish not to occupy the property themselves].

The marketed price excludes VAT.

Contact your Rawson Commercial Partners to arrange an on-site viewing.

Property details

  • Listing number T4713591
  • Property type Commercial
  • Listing date 17 Jul 2024
  • Land size 1 311 m²
  • Floor size 668 m²
  • Rates and taxes R 4 255

Property features

  • Bathrooms 3

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