Fully describe this property and its income earning activities.
Total area of building - 1,407 m²
Zoning - Office
Bulk Used 551 m²
Height Used 1
Coverage Allowed 70 % (985 m2)
Coverage Used 34%
Parking Required 22 (1 per 25 m²)
Parking Provided 12 covered + 3 open + 7 street parking
Building lines 5-meter street front and 3-meters side

1. MAIN BUILDING: 386 m2
The ground floor consists of a reception area, eight offices, boardroom, two ablution areas and a balcony. The lower ground floor
consists of four offices, two filling rooms, a kitchen and two ablution areas. Accessed separately is a storeroom, an office with a
kitchenette and ablution.
2. BACK OFFICE: 87 m2
This building consists of a reception with a waiting area, a kitchen, two offices and ablution.
3. TRAINING ROOM: 68 m2
The building consists of an open plan training room with a built-in kitchen.
4. MINORS to value of N$ 450,000.00
Alarm and CCTV
Air conditioning
Boundary walls with electrification and retaining walls
Net carports x 12
Paving

Rental & Expense Calculations:
Offices 351 x 185 p. m² = N$ 64,935
Back offices 155 x 185 p. m² = N$ 28,675
Bachelor 1 x 5500 p. m = N$ 5,500
Parking 12 x 650 p.p N$ 7,800
Sub Total N$ 106,910
Vacancy 5% N$ 5,346
Less Expenses 15% N$ 16,037
NET INCOME N$ 85,528
Annual Income N$ 1,026,336