Price Range: from N$100,000.00 to N$100,000,000.00
Size Range: from 10 m2 to 50,000 m2
Land Area Range: from 10 m2 to 50,000 m2
Other Features

Description

OPEN PLAN office for sale in Hidas Centre

DESCRIPTION OF LOCATION
The property is along Nelson Mandela Road, a main street, with good access and maximum visibility although the subject unit has poor visibility and access. The land is on street level with no significant slope.
It is close to various prime business properties such as the Klein-Windhoek Checkers Shopping center, the post office, and right across the street is the police station.

DESCRIPTION OF IMPROVEMENTS AND UNIT
The unit is on one level, with 330 mm plastered- and painted brick walls, with aluminum window- and door frames, under iron roofing, with plastered ceilings, and ceramic tile flooring. Some internal walls were constructed with dry wall.
1. UNIT: 55m2
The unit consists of a reception area, four offices, and a kitchen.
2. MINORS
Air conditioner
Lift and escalator
Paving
Security
3
OVERALL IMPRESSION
The unit is in a good condition.
MARKET ANALYSIS
WINDHOEK MARKET
A decreased demand for properties is evident, after analyzing the statistics on the sales in all the different commercial areas around Windhoek over the last 2 years. The demand for decentralized office/business space has experienced growth over the last few years as is evident from large organizations like Standard Bank (Grove Mall, Kleine Kuppe) and Vivo Energy (Klein-Windhoek CBD) building new head office buildings outside the CBD.
KLEIN-WINDHOEK MARKET
The subject property is situated in Klein-Windhoek Township with frequent sales between ten million up to sixteen million in the last five years. Klein-Windhoek is the township where almost all the embassies’ personnel live. Due to a shortage of vacant land in this township the prices of existing properties are sold at a premium. Furthermore, the property is situated off Nelson Mandela Avenue that is near known restaurants like Stellenbosch, Blue Olive Sardinia, O’Portuga, Andy’s Pub, etc.

Overview

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