A once in a lifetime opportunity to obtain two adjacent office blocks with an outstanding location, bordering Church Square and next to the Burlington Arcade. Perfect for revamping some of the existing office space to upmarket sectional title units ranging from 16 sqm studio units to 1 or 2 bedroom units plus Penthouses. Endless upgrading and other possibilities to combine the existing rights for Commercial and Offices, plus add residential units. Add bulk and some more floors to the existing 7 floors and 4 floor Office Blocks that could double your monthly income. Partially tenanted with high profile educational colleges, lawyer-, financial- and other consulting tenants.  Ground floor with restaurants, supermarkets, liquor, clothing and other shops. Good general security and lifts to take you to the upper levels.

DISCOUNTED PACKAGE DEAL BOTH PROPERTIES: R46.5m VAT excluded

Block A:

Price: R29.5m VAT excluded

Height: 7 storeys

Size: 4 072m²

Erf size: 965m²

Rates &Taxes: ±R55 000pm

Block B:

Price: R18.5m VAT excluded

Height: 4 storeys

Size: 2 612m²

Erf size: 539m²

Rates & Taxes: ±R 23 000pm

CONTACT:

Dereck du Toit / Associate 083 265 9689

Bambie Heiberg / Heiberg Estates 083 654 3773