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Summary
- 4 Star Green rated A-Grade multi-tenant office complex consisting of 4 x multi storey office buildings, with ample basement parking, with a GLA of 14,995m²
- Strategic Location:
The property is centrally located in Mbombela on Samora Machel Drive, a key route connecting the city to the N4 highway. Its prime position adjacent to the Mpumalanga High Court creates a dynamic leasing environment, offering competitive terms and strong demand for office space. - Favourable Lease Terms:
The current management team has retained the same tenants since the building opened in 2017/18. The tenants have never been in arrears on rental obligations. The opportunity to acquire this asset includes the current lease, with quality national tenants. This is an opportunity to acquire a cash-generative asset in a growing node with strong likelihood to renew leases to remain in the building for the long term. - Superior Building Quality:
The offices have been built to the highest standards by a leading developer in the greater Mpumalanga area. This includes Green building certification, rainwater harvesting with four underground water tanks, and back-up power via on-site generators. Additionally, there is a solar PV system on the roof of the building. The complex is clean and aesthetically pleasing, enabling it to leverage to its highly desirable location.
Location
Situation
Mpumalanga is located in the North Eastern region of South Africa bordering onto Gauteng, Limpopo, Swaziland and Mozambique. Mbombela, being the capital of the province, is situated along the N4 highway en route to Maputo. The city serves as the headquarters for Local, Provincial and National Government Sectors.
Located approximately 344 km east of Johannesburg and Pretoria the City of Mbombela Local Municipality in Mpumalanga has evolved beyond its coal-mining roots. Today, the region boasts a diverse economy, with strong sectors in tourism, agro-processing, supply chain management, and logistics.
The area boasts excellent roads and railway connections, making it highly accessible. Due to its popularity as a tourist destination, Mpumalanga is served by a number of small airports as well as the Kruger Mpumalanga International and Nelspruit Airport.
Located on Samora Machel Drive, a critical linkage that facilitates traffic flow from the N4 highway both to the east and west. This strategic location enhances the accessibility and desirability of the asset.
Description
The complex features a curved rectangular design, incorporating a partial four-story structure with an attached basement providing parking spaces and storage rooms.” to “The precinct features a curved rectangular design, incorporating several office structures with an attached basement providing parking spaces and storage rooms.
It comprises:
Building 1 – single storey building with open plan office space, ablution facilities and a kitchen.
Building 2 – three storey building with various offices, boardrooms, ablution facilities and a kitchen.
Building 3 – seven storey building. Each floor comprises various offices, boardrooms, ablution facilities and a kitchen. The building also has two basement parking floors with store rooms. There is one lift that connects all floors.
Building 4 – seven storey building. Each floor comprises various offices, boardrooms, ablution facilities and a kitchen. The building also has two basement parking floors with store rooms. There is one lift that connects all floors.
Building 5 – seven storey building. Each floor comprises various offices, boardrooms, ablution facilities and a kitchen. The building also has two basement parking floors with store rooms. There is one lift that connects all floors.“
The subject complex features meticulously maintained, high-quality finishes that demonstrate exceptional workmanship throughout. The property is in excellent condition, with no immediate repairs or maintenance required. It showcases a modern design and layout and has been constructed using durable, low-maintenance, conventional building materials. While attention to detail is evident, the construction follows a traditional and practical approach, ensuring functionality and longevity.
The bulk of the site around the building is brick/concrete/tar paved. The stand is fully fenced with clear view fencing. Some decorative gardens and artwork exist along the entrance walkways to the buildings. The formal entrance of the complex is towards the south-eastern boundary, off the N4, but alternatively direct access is available to the parking lots / basement parking.
