Prime Commercial Building – Windhoek CBD | Independence Avenue Property Overview An exceptional commercial investment opportunity located in the heart of Windhoek’s Central Business District (CBD). This ten-storey A-grade office building offers unmatched visibility and accessibility along Independence Avenue, one of Namibia’s most prestigious and busiest commercial corridors. Key Property Details • Zoning: Business 1 • Use: Offices / Retail • Extent: ±1,269 m² • Bulk Factor: 4.0 • Coverage: 82% (Permissible 85%) • Height: 10 Storeys • Parking: 55 Basement Bays • Municipal Services: Fully serviced (electricity, water, sewerage, stormwater, tarred access). Description of Improvements This modern ten-storey commercial building features: • Ground Floor (749m² GLA): Retail banking hall, ATM lobby, lift foyer, kitchen, restrooms, and storage areas. • Floors 1–7 (2,928m² GLA): A-grade office accommodation including reception areas, open-plan offices, boardrooms, meeting rooms, kitchenettes, and entertainment areas. • Basement (2 levels, 2,070 m²): Secure parking for 55 vehicles, strong room, and additional storage facilities. Building Features • Air-conditioning throughout • Two passenger lifts • Modern fire detection and alarm systems • Access control and CCTV • Backup power provision • Good quality plastered and painted finishes with aluminium fenestration • Suspended ceilings and tiled floors Market Position Located within Windhoek’s prime CBD corridor, this property enjoys: • Proximity to Wernhil Park, Mutual Tower, Nampost, and Gustav Voigts Centre • High foot traffic and strong visibility from Independence Avenue • Stable demand for office and retail space within the CBD • A recovering market with gross rentals averaging N$190–N$200/m² for A-grade offices Investment Summary • Market Value: N$71,700,000 • Net Rental: ±N$155/m² • Cap Rate: 9.0% • Condition: Excellent – modern, secure, and well-maintained • Highest and Best Use: Office / Corporate Headquarters ________________________________________ Contact: Joubert Balt at 081 127 2322 for more information. Proof of Funds required prior to viewing