2010 Office Building - Herastrau/ Floreasca, 8% investment income returns

  • 2010 Office Building - Herastrau/ Floreasca, 8% investment income returns




Reference number: DG030917chir 1 / 1
Property type: Office
Status Office or Commercial Use
Town/City: Bucuresti/ Bucharest
District: Herastrau/ Nordului
District information: Read article
Sale price: 20,000,000 €
Rental return yield: 9%
Usable area: 11,000 m2

Ideal investment property
Only 1% commission
Open space
Main road frontage
Off street Parking
Garage
New construction
Strong investment yield
Close to public transport
Close to park/green spaces
Close to amenities
Low running costs
Manned security



White Mountain Property is pleased to offer a low risk with good investment return for those looking to invest in Bucharest office space.  This 2010 building, with around 11,000 sqm of leasable space on 6 floors (but with potential for more floors to be added) is around 93% occupied currently with strong potential for 100% occupancy withing a short time frame.  opportunity to invest in the most important & prestigious district of Bucharest in a recently constructed building.

The 6 storey office block was constructed to the very latest European standards of the time & as such, represents an unusually secure investment as regards future repairs, earthquake standards & so forth.  In the basement is circa 180 car parking spaces, whcih ios above average for the market, and has the ability to be increase to 245 spaces using the Klaus system.

Built by one of the most respected & accomplished architects in Romania, with scores of apartments & offices designed & built by his family company, in many of the best districts of Bucharest, this building houses 12 tenants, each with their own successful 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, whcih significantly reduces 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 me at damian.galvin@whitemountain.ro or call me on +40727606074 & myself or my team will be happy to assist you further.

We also have other commercial buildings not listed for descretion, for most budgets so please get in touch.

 

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