Well-Located Office Investment with Existing SARS Tenancy

This well-positioned double-storey office building is situated on an erf measuring approximately 1,421m² and offers a Gross Lettable Area (GLA) of approximately 2,687m². The property is currently 56% occupied by South African Revenue Service (SARS), which occupies the basement, ground and mezzanine levels, providing secure existing income together with significant leasing upside through the vacant first-floor office component.

The building offers a practical and functional office layout suitable for a range of commercial users and is supported by quality infrastructure, including a lift servicing the building and a generator installation located within basement parking bays. The improvements are well maintained and present a ready-to-occupy environment with limited immediate capital expenditure requirements.

Parking provisions include approximately 44 basement parking bays together with approximately 89 open parking bays surrounding the property, providing ample parking for tenants, staff and visitors.

The property presents a compelling value-add investment opportunity, with the vacant office component allowing investors the potential to increase occupancy levels, enhance rental income and improve overall yield over time. Its solid underlying fundamentals, good condition and flexible office accommodation further support long-term repositioning and capital growth potential.

Strategically located along Graaf Street in close proximity to the R73 (Stateway), the property benefits from excellent regional accessibility and strong connectivity to surrounding commercial and residential nodes. The area is well supported by a variety of retail, commercial and public amenities, contributing to sustained tenant demand and long-term investment appeal within the node.

Contact the broker for a detailed investor pack.