White Mountain Property is pleased to offer a high yield office building, with a return of 8% (with potential for 10%) yield/ return, in the Bucharest office space sector. This 2010 building, with around 11,010 sqm of leasable space on 6 floors (but with potential for more floors to be added) is 100% occupied currently. Opportunity to invest in the most important & prestigious district of Bucharest in a recently constructed building to modern construction standards
Total GLA = 12610 MP
Office GLA =11715 MP
Commercial GLA 897 MP
Floor plate = 1900 MP
6 above-ground floors
2 underground parking levels
122 car parking spaces, capacity to extend using Klaus system
Land Tenure: Freehold
Tax, Maintenance, 242,100
Current Net annual income 2,025,252
Current yield = 8%, opportunity to increase to circa 10% with rental adjustments in line with the market value
2010 construction to current European standards, top floor added in 2019.
Sold as an SPV/SPE but with the option to buy the building without the company for 5% additional cost
Energy class: awaiting for clarification
According to CBRE, there is a shortage of class A office space in Bucharest. This building is located in one of the most desirable areas of the city, close to Herastrau Park & the Chinese Embassy. https://www.romania-insider.com/cbre-bucharest-more-office-buildings/
Built by a respected & accomplished architects/ developer in Bucharest with a long-standing & significant portfolio to his name in many of the best districts of Bucharest, this building houses 16 tenants, each with their own stable business. Sold as an income-earning asset with almost full occupancy by successful businesses, with the peace of mind that the building is in an excellent condition with top quality engineering at the heart of the construction, thereby significantly reducing investment costs through lack of need for maintenance and remedial repairs. If you are looking for a sound commercial real estate investment, this would be hard to beat.
For more information or viewings, please contact firstname.lastname@example.org or call me on +4 0727 606074 & myself or my team will be happy to assist you further.