POA
Reduced Mandate - Strong Income Generating 7 Year Lease
Reduced Mandate - Strong Income Generating 7 Year Lease
Elite park is a high yielding income generating business park, situated on a prominent corner site, currently let by a single tenant.
The property hosts a multifaceted office block comprising of six interlinking three-storey office blocks. The blocks are referenced from Block A to Block F. Each floor of each block comprises of single units. The units vary in size, configuration and fixtures/finishes used, but all have been fitted with internal bathrooms and kitchenettes.
The property has 204 parking bays divided between covered and open bays.
The property currently generates a strong income from an educational institution with a 10 year lease (with 7 years remaining) and has an incredible yield due to its reduced mandate.
Key features
- GLA: 6 855 sqm
- Erf Size: 8 763 sqm
- GAI: R6 177 608
- 204 Parking Bays
- High Exposure Corner Site
- REDUCED MANDATE
Features
Exterior
Sizes
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