For the Discerning Investor. A Building in the CBD

Nelson Mandela, Harare City Centre, Harare CBD, Harare

$1,650,000

Nelson Mandela, Harare City Centre, Harare CBD, Harare

892 m²

Description

This well positioned Commercial property consists of two sections as follows:-

The Front section on the ground floor is divided into two shops, with retail space measuring 510sqm .There is mezzanine floor space with offices measuring approximately 290sqm. The top floor has a covered terrace, making it ideal for a restaurant. The area measures 300sqm with a provision for an extension of up to 8 floors.

• There is a further section at the back , which is a face brick structure under concrete tile comprising of 5 floors, broken down as follows:-.

• The 1st floor is on 300sqm of Office space.

• The 2nd, 3rd, 4th, and 5th floors have a combined lettable space of 684sqm. These sections are all occupied by a reliable tenant who would want to continue to lease the property if possible. The total lettable space is 2084sqm.

• The retail shops, as well as the first floor are vacant.

• There is parking for 7 cars

• The building has a ZESA Sub-Station.

• The building is generally in fair condition.

• Working with the minimum current office space market rentals of $8/sqm, the building has the potential to achieve a rental income of plus US$/annum. The shops can achieve between $12-15sqm. Offers are welcome.