Area specialist
Andre Theron
Director
Investment Specialist · Property Practitioner
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Standard Bank Building, George
99 Hibernia Street, George Central, George, South Africa
Freehold office investment opportunity
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Listing ID: S-9841
| Sale Price | R33 000 000 | |
| Yield | 9% | |
| GLA | 1,199 m² | |
| Rate | R27 523 /m² | |
| Zoning | Commercial | |
| Erf Number | 1552 & 1549, George | |
| Erf Size | 1 385 m² | |
| Levies |
R0 |
|
|
Parking
Covered |
3 bay(s) |
|
|
Parking
Open |
12 bay(s) |
|
George Investment Opportunity
This investment opportunity is located in George and features a AAA Tenant with Net Net Lease, Making it easy to manage from a distance.
It is a Landmark Building in a prominent location with excellent exposure.
Corner York and Hibernia with easy access and ample parking in Municipal Parking lot in front of building.
There are also 16 on-site parking bays included in the property.
-Selling Price: R33 million
- Yield 9%
- Lease Expires 31 December 2025 (option to renew for 5 years)
- Annual Rental R2,981,628 from 1 January 2024
- Escalation 6%
- Fully Repairing - Net Net Lease
- Recently Painted
Standard bank has invested R5 million on their own Tenant Upgrades
Building.
To arrange a viewing, please contact Andre Theron.
Property features:
Security
Controlled Access
Reception
Boardroom
Meeting Rooms
Office
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