| GLA Size for Sale: |
5 310m² (9 Floors) |
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| Closure Date & Time: |
Thursday, 31 October 2024 at 3.p.m. WAT |
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| Registration Fee: |
US$100 000 due on submission of offers – (Refundable to unsuccessful bidders) |
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| Address: |
87 Rua Rainha Ginga, Ingombota, Luanda, Angola |
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| Building as a Whole: |
Construction Date: Year 2000, Land Size: 1 629,39 m², GLA: 7 080 m², 13 Floors above ground level.
Ground Floor: Entrance Hall, Common vertical accesses, Building management areas, Secure access points and reception area, property management and security offices.
Floors 1 to 12: Offices (590m² per floor), Floor 13: Terrace, 3 Floors underground for private parking and technical areas. |
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| Current Occupation: |
Of the 9 sections 7 are occupied (lease) and 2 are currently vacant and available for lease. |
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| Current Annual Rental Income: |
1 830 000 USD |
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| Potential Annual Yield 100% Leased: |
2 215 000 USD |
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| Market Yield: |
8% – 10% |
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| Presented conditions in USD are for reference purposes |
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| Offers: |
Binding offers to be submitted by no later than Thursday, 31 October 2024 at 3p.m. (Closure Date) (Angola Time, WAT) |
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| Acceptance Period: |
30 days following the submission on offers. |
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| Due Diligence: |
The period leading up to the Closure Date serves as period for purchasers to conduct any necessary due diligence work |
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| Data Room: |
Access will be granted to the Data Room on receipt of a signed Non-Disclosure Agreement (NDA) from interested purchasers. |
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| Deposit: |
The Purchaser is required to pay a deposit equal to 10% of the purchase price which will be due and payable within 3 business days after formal signed acceptance of the offer. |
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| Finance: |
Bidders will be requested to provide proof of funds / financial assurances to the Seller together with their offer confirming their ability to transact. |
