Approx 580sqm Standalone Office Building For Sale in Glenwood

Stunning standalone head office building for sale in Glenwood. The gross leasable area (GLA) is approximately 600 sqm. The main building resembles a castle and is in immaculate condition. Each floor covers about 200 sqm under roof. The ground floor features a lovely outside veranda, a reception area, four separate offices, a toilet, and a kitchenette; it was previously used as a training facility and can accommodate a considerable number of students or staff. The first floor has an independent entrance via the back staircase, although there is also an internal staircase that has been closed off but can be easily reinstated. It includes five separate offices, another reception area, a large kitchen, toilets, and a covered balcony. The entire building is good condition and comes equipped with functional JOJO tanks. It boasts air conditioning and CCTV cameras throughout the property. Additionally, the property includes three residential flatlets at the back with modern finishes that are in high demand for Airbnb rentals; two of them currently has tenants with an option to renew their lease.

At the front of the property are three modern office/studio Wendy houses featuring a boardroom, podcast studio, and office desk setup. Inside these front offices, the CCTV camera system provides surveillance coverage for the entire property.

This property has historically generated significant rental income, exceeding R70 000 per month, thanks to its diverse spaces that can be utilized separately, each with their own entrances and amenities. Converting it into student accommodation would be an excellent option, as would transforming it into a versatile office complex with multiple sections. The adaptability of this property is a considerable advantage for seasoned investors looking to maximize value.

Glenwood is a dynamic area featuring a blend of commercial and residential developments, alongside several reputable schools and a vibrant community culture. The property is located just one minute from Davenport center, which boasts an impressive range of retail options including Clicks, Checkers, Spur, Mr Price, Wimpy, and Debonairs among others. It sits on Parallel Road next to Helen Joseph Avenue where various food and beverage outlets are available. With several well-known hospitals and medical facilities nearby, this property could also serve as an ideal medical center. Additionally, it offers close proximity to the N2 highway with easy access to all major freeways.

Its a must view. to arrange a viewing or for further information kindly call broker.