What are the details of the property ?
Two story office with double volume warehouse selling on valuation in prime location :
- 2 969mÂ² - combined two erven together
- Coverage: 70%
- FAR/Bulk: 1
- TGBA mÂ²: Offices: 465mÂ²
- Warehouses: 978mÂ²
- Covered storage/parking areas: 348mÂ²
What market related rental rates were used?
Property brokers plus accredited valuators were consulted for market rentals. In assessing the value of the subject property. The projected rentals are achievable for the subject property and are market related for the area.
Type Variance Rate Applied
Offices N$80.00 to N$110.00/mÂ²- Rate applied N$80.00/mÂ²
Workshops/Warehouses N$40.00 to N$80.00/mÂ² - Rate applied N$50.00/mÂ²