R2,750,000
PAROW OFFICES FOR SALE
SOLE SHARED MANDATE.
Set on the main road, erf measuring 538 sqm and building 168 sqm.
This is an excellent corner property and great potential for medical or dentist practice or to renovate the inside into 4 smaller units.
The building has 3 entrances and the William Street 67 sqm section is currently leased at R 8900 per month. This tenant has renewed her lease for another year.
The seller currently occupies the Tierberg street remainder of the property and this section of 101 sqm is mainly open-plan with a storeroom, kitchen, toilets and reception area. It is this section of 101 sqm that I recommend to be subdivided into 4 smaller sections.
The seller expressed his intention to lease one smaller unit at a lease rate of R 6500 per month. He will enter into a year on year lease agreement.
Potential rental income if the 101 sqm is renovated into four smaller units is R 6500 per month x 4 = R 26,000 + R8,900 = R 34,900.00
Features
Exterior
Sizes
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