Great Investment Opportunity!
Category Market News
Surrey Park is a “Multi-national and Professional” tenanted office park located in Westville, KZN. It consists of 4 x 2 storey blocks of +/- 850m2/block. This brick, mortar and glass constructed Office Park, is being offered to the market at a 10% initial yield. This initial yield is based on actual leases signed with a host of International, National and Professional tenants.
The office is considered A-Grade, with recent improvements of almost R5 million to the internal and external appearance and security. It was recently awarded the coveted Garden of the Year Award in KZN. The property is serviced with fibre optics and a 300 KVA Generator.
The property is centrally located in Westville with easy access and great visibility from the M13. The rental being of the order of R110/m2 for the office space is almost 30% lower than other comparable A-Grade office parks.
Working from a low base with strong leases, ensures that this Office Park is exceptionally well positioned in this sector.
The entire Office Park is for sale either as the Combined 4 Blocks or each separate self-standing Office Block (Block A, B, C or D) Each block is approximately 850m2 with both undercover and open parking attached thereto.
Julian Taylor says – “I have seen a lot of properties these last few years…this is an EXCEPTIONAL OPPORTUNITY!!!!”
Author: Dawn Hutton