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R23,000,000

Monthly Levy
R13,057.8 Excl. VAT
Monthly Rates
R34,219.5 Excl. VAT

Gorgeous Office Building For Sale in Prestigious Bruma Area

This freestanding A-Grade office building, located on one of Bruma's most sought-after roads, offers an exceptional business opportunity. It sits within the City Improvement District, nestled in the heart of the Bruma Office precinct, where a tranquil, park-like atmosphere meets convenience. The building is strategically located with easy access to key amenities and major highways.

Half of the building's total gross leasable area (GLA) is currently occupied by the Consul General of Portugal, adding to its prestige. The first floor is home to various businesses that complement the consulate’s services, including a Portuguese bank and a popular coffee shop. It has a total GLA of 2324.80 square meters comprising of 2039.80 squares of lettable office space and 285 square meters of storage space. The property also boasts a high tenant retention and 24-hour on-site security and CCTV camera surveillance for added peace of mind.

With annual operating costs working out to approx R868192.00 and the annual gross income working out to approx R3917622.00 that gives this property an annual income of approx R3049431.00, giving it a 13.25% annual yield and making the net utility costs 100% recoverable.

The property is well-positioned within a highly desirable office hub, meeting the growing demand for premium office space. Nearby, you'll find landmarks such as the prominent Eastgate Shopping Centre, various vibrant oriental markets, and quick access to OR Tambo International Airport via the N1 on/off ramp.

This property offers a unique opportunity to own prime real estate in a central, high-demand business district with a distinguished tenant mix, ensuring excellent potential for long-term value.

For more information, or to arrange a viewing, please feel free to contact us!

Features

71
24
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
2,324m²
Land Size
3,611m²
Parking Bays
Basement Parking Bays
71
Open Parking Bays
24

Bruma, Johannesburg

Johannesburg in the 19th century GOLD was discovered in Johannesburg in 1886. The town moved from tent town to wood and iron shacks to bricks and mortar within a decade or two. These stories tell that history, detailing the characters involved, how the city got its name, and the earliest settlers in the region. Joburg's earliest settlers Johannesburg's earliest settlers were not the Boers but rather...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

323,369.52

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