470m² Office For Sale in Eros

Eros, Windhoek, Namibia

1,155 square met

Property Details

Property Type : Office

Price : N$ 12,995,000

Town : Windhoek

Property Size : 1,155 square met

Suburb : Eros

Property Status : For Sale

Property Description

PROPERTY OVERVIEW Detail Description Street Address Erf 1730, C/O 16 General Murtala Muhammed Ave & Valley Hakos Rd Area Zone D – Eros Park, Windhoek CBD business hub Zoning Office (Bulk 0.4) Erf Size 1,155 m² GLA 470 m² (offices + retail) Market Value N$ 13,000,000 (Capitalized Income Method) Municipal Valuation N$ 3,252,400 Condition Modern, upmarket Grade A finishes Tenancy Ogilvy Namibia (offices) & Spice Corporate Gifts (retail) ________________________________________ LOCATION Situated in the heart of Eros Park’s business precinct, Erf 1730 enjoys maximum visibility from two prominent intersections and excellent access to the CBD via Nelson Mandela Avenue, Eros Road, and Olof Palme Street. Nearby landmarks include: • Namibia Media Holdings • MultiChoice Namibia • MediClinic Private Hospital • Omuramba Medical Centre • Joe’s Beerhouse & Roof of Africa Hotel • Eros Shopping Centre This corner property benefits from high traffic exposure and proximity to top-tier business, medical, and hospitality facilities. ________________________________________ PROPERTY DESCRIPTION Main Improvements (GLA 470 m²) • Main Offices – Ogilvy Namibia: 171 m² • Additional Offices & Boardroom – Ogilvy Namibia: 135 m² • First Floor Offices – Ogilvy Namibia: 79 m² • Offices & Retail – Spice Corporate Gifts: 85 m² Minor Improvements & Extras • Solar Power: 12 panels + 5kVA Kodak inverter • Security: Alarm system, CCTV, beams, electric fencing, intercom • Parking: 1 triple carport + 1 double carport • Other: Balcony deck with adjustable louvre roof, landscaped garden with artificial lawn & drip irrigation, greywater harvesting system (5,000L tank), roofed walkways (137 m²) ________________________________________ CONSTRUCTION & FINISHES • Walls: Plastered and painted brickwork (220mm external, 110mm internal) • Roof: Combination of concrete tiles & IBR sheeting on timber trusses • Floors: High-quality porcelain tiles, laminate wood flooring, Cemcrete in select areas • Ceilings: Reinforced concrete slab, seamless cellotex, exposed trusses with roof-lined cellotex • Lighting: Modern downlights, boxed fluorescent, pendant & spotlights • Climate: 10 split-unit air conditioners • Condition: Upgraded, modernized – Grade A standard ________________________________________ INVESTMENT SUMMARY Component GLA (m²) Rate/m² (N$) Annual Net Income (N$) Capital Value (N$) Main Offices – Ogilvy 171 235 415,867 4,807,706 Offices (1st Floor) 79 235 192,125 2,221,104 Offices + Boardroom 135 235 328,316 3,795,557 Offices + Retail 85 235 206,717 2,389,795 TOTAL 470 – 1,143,025 13,000,000 • Capitalization Rate Used: 11.56% • Average Achievable Rental: N$ 235/m²/month • Vacancy Allowance: 2% • Expense Ratio: 12% ________________________________________ INVESTMENT HIGHLIGHTS Corner stand in Eros Park’s premium commercial node Fully tenanted with strong rental income from reputable tenants High-quality, modern finishes – minimal maintenance required Solar & water-saving systems reduce operating costs Secure property with comprehensive access control & CCTV Parking for staff & visitors Exposure to high daily traffic volumes ________________________________________ CONTACT FOR VIEWING Joubert Balt – Just Property +264 81 127 2322

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Listed By

Just Property

Property Agent

Joubert Balt

081 127 2322

joubertb@just.property

470m² Office For Sale in Eros

N$ 12,995,000

Property Details

Property Description

Property Features

Gallery

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Listed By

Property Agent

Joubert Balt

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