Commercial Property for sale in Ermelo, 1936 m²

Ermelo, Mpumalanga

Commercial Property

ZAR 13,450,000

• 3 bathrooms
• 1,936 sqm
• 2,856 m² plot

PRIME COMMERCIAL INVESTMENT | SHARE SALE | 35+ YEARS OF GOVERNMENT OCCUPATION A rare opportunity to acquire the established Medentco Building, prominently positioned on a corner stand in Ermelo CBD. Please note: This transaction is structured as the purchase of the shares in Medentco (Pty) Ltd, the company that owns the property. The purchaser will therefore acquire the property-owning company and its underlying assets, rather than purchasing and transferring the building directly. The property is occupied by a long-standing national government tenant, with an exceptional occupancy history exceeding 35 years. The company is the landlord under two current government lease agreements, covering a combined 1,234 m² of office accommodation and 44 covered parking bays. The combined contractual rental is approximately R193,825 per month including VAT, or R168,543 excluding VAT. Based on the asking price, this represents an attractive gross rental yield of approximately 15%. Situated on a substantial 2,856 m² erf, the property offers immediate and proven rental income from an established occupier. Tenant information, current lease agreements, updated financial statements, company document…