14,000 Sqm Office Building, 8% Roi, Bucharest

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 & 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
• Energy class: awaiting for clarification

This building is located in one of the most desirable areas of the city, close to Herastrau Park & the Chinese Embassy.

Show Full Property Description