USD 2,500,000
Commercial Property for Sale in Harare City Centre
Harare CBD, Harare PGP160775
Last Updated:08 Apr 2024
For The Discerning Investor. A Building In The CBD
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$200,000/annum. The shops can achieve between $12-15sqm. Offers are welcome.
General Features
5 Storeys
Internet Connection
Municipal Water
Reliable Zesa
External Features
7 Carports
Internal Features
Tiled
Pam Golding Properties
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USD 2,500,000
PGP160775Commercial Property for Sale in Harare City Centre
Harare CBD, Harare
Last Updated: 08 Apr 2024
For The Discerning Investor. A Building In The CBD
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$200,000/annum. The shops can achieve between $12-15sqm. Offers are welcome.
General Features
5 Storeys
Internet Connection
Municipal Water
Reliable Zesa
Floor Size: 2084m2
External Features
7 Carports
Internal Features
Tiled
