Office Space 34 Mimosa Street, Princess

This incredible investment opportunity features two commercial stands, each approximately 1,000m², offering substantial space for growth and returns. The property delivers an attractive 12% yield, making it a highly profitable investment for those looking for a tenanted commercial property with long-term lease agreements in place.

Property Features:

• Size: Two stands of approximately 1,000m² each, offering substantial space for business operations.

• Zoning: The property is zoned as “Business 3”, allowing for a variety of commercial uses, such as offices, retail outlets, or service-related businesses.

• Parking: Ample parking with 16 parking bays, consisting of both open and shaded parking, ensuring convenience for both staff and visitors.

• VAT: The selling price is Zero VAT rated, offering potential savings on VAT costs for the buyer.

Investment Return:

• Yield: This property generates an impressive 12% yield, making it an excellent choice for investors seeking a stable and high-return commercial property.

• Tenancy: Long-term lease agreements are in place with tenants committed for up to 5 years, ensuring consistent rental income and a stable investment over time.

Potential Uses for the Property:

The “Business 3” zoning of the property opens up a wide range of potential uses, making it adaptable to various types of businesses, such as:

• Office Space: Ideal for corporate offices, law firms, accounting practices, or consulting agencies, the space can accommodate open-plan setups or subdivided offices for team collaboration and private meetings.

• Retail or Showrooms: With ample parking and visibility, the property is suitable for retail outlets, boutiques, or showrooms for businesses selling goods or offering services directly to the public.

• Medical or Wellness Facilities: The space can be adapted for medical practices, dentist offices, physiotherapy clinics, or wellness centres, with enough room for treatment rooms and reception areas.

• Educational or Training Centres: The layout offers flexibility for an educational institution, training centre, or tutoring services that require multiple classrooms or seminar rooms.

• Restaurant or Café: With plenty of parking and outdoor space, the property could be repurposed into a restaurant, café, or fast-casual dining establishment to cater to nearby workers and visitors.

• Fitness Centre or Gym: The expansive layout can accommodate a fitness centre, gym, or health club, with dedicated spaces for exercise equipment, classes, or personal training.

• Warehouse or Distribution Centre: The commercial property is versatile enough to be transformed into a warehouse, storage facility, or light industrial space, offering significant storage capacity and access to parking for delivery vehicles.

Key Benefits & Opportunities:

• High Return on Investment: With a 12% yield, this property offers a substantial return, making it a lucrative addition to any investment portfolio.

• Long-Term Stability: The existing tenants’ 5-year lease agreements provide long-term income security, reducing the risk for investors.

• Flexible Zoning: The Business 3 zoning offers a range of potential uses, allowing for future adaptability depending on market demand.

• Prime Location: The property is well-positioned in a highly accessible commercial area, ensuring continued demand from tenants and clients alike.

Don’t miss out on this profitable investment opportunity with a 12% yield and long-term lease agreements in place. Contact Anvil Property Smith today to arrange a viewing and secure this exceptional property as a part of your investment portfolio.