2010 Cladire de Birouri in zona de Nord - Herastrau, Bucuresti

White Mountain Property is pleased to offer a high yield office building, with a return of 7-8% yield/ return, in the Bucharest office space sector. This 2010 building, with around 12,610 sqm of leasable space on 6 floors. Opportunity to invest in the most important amp; 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 - upon request 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 SPV/SPE for 5% additional cost Clasa energetica: in curs de actualizareThis building is located in one of the most desirable areas of the city, close to Herastrau Park amp; the Chinese Embassy.
Built by a respected amp; accomplished architects/ developer in Bucharest with a long-standing amp; 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 damian.galvin@whitemountain.ro or call me on +4 0727 606074 amp; myself or my team will be happy to assist you further.