R 60 500 000
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4 240 m² Commercial space in Mthata

1 735 m² 4 240 m²

Located back-to-back with the most popular local Private Hospital, St. Marys, only one street away rom the High Court, is this partly four storey ''A'' grade office block that is currently 85% occupied, presenting itself as a solution to the medical and legal fraternities. All the floor levels, except for the rather small fourth floor, have their ablution facilities for the convenience of tenants and the various floor levels accessible via a concrete stair case and a lift. Complemented by massive basement parking bays as well as ground under-cover parking bays, the property stands out as one of the few biggest in a town that hungers for similar office developments. A potential yield return of 10% on full occupancy of the 4033m lettable area, will be realised based on the net annual income of R6.048,790.

Property details

  • Listing number T4900884
  • Property type Commercial
  • Listing date 13 Dec 2024
  • Land size 1 735 m²
  • Floor size 4 240 m²
  • Rates and taxes R 17 951

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