Commercial Building in Sar-bet

For Rent: Multi-Purpose Commercial Building in Sar-bet Exceptional Opportunity! Adera Property Management and Asset Administration presents a prime multi-purpose commercial building available for lease in Sar-bet Square, one of the most secure and convenient neighborhoods in Addis Ababa. This property offers a total area of 1,880 m² (constructed area of 470 m² per floor) designed as G+4, making it ideal for various business ventures such as banks, insurance offices, and training centers. Building Highlights: Flexible Layout: 1st & 2nd Floors: Open, non-partitioned space, customizable based on rental company needs. 3rd & 4th Floors: Well-separated areas with aluminum frame partitions and 6mm glass. Ground Floor: 100 m² space designated for bank or insurance services. Additional Features: Total area of 1,880 m² (470 m² per floor). Required to rent the entire building; units not available separately. Separate restrooms for gentlemen and ladies. Underground water reserve ensuring 24/7 availability. 400 kVA electric power supply. Comfort lifts installed. Parking for 20 vehicles in the rear courtyard. Rental Price: 900 ETB/m² (slightly negotiable, excluding VAT). Prime Location: Situated in a highly secure area near the Oromia Head Office, embassies, banks, colleges, and residential neighborhoods, this property is strategically positioned for success. Common Areas: Two staff dressing rooms. Four shared restrooms. Beautifully landscaped garden, perfect for relaxation and entertainment. Utilities: 380V electric power with additional 220V supply. Ample parking for 15 vehicles. Rental Information: Contract Duration: Minimum of 3 years, with options for annual price adjustments. This building has previously operated as a successful embassy, generating consistent income. Its proximity to government offices, educational institutions, and essential services makes it an excellent choice for entrepreneurs. Contact Us: For more information, visit www.betoch.et. We are dedicated property managers offering comprehensive sales and rental services. Note: A 10% service fee applies to both the renter and the property owner. If you do not agree to the service charge, please refrain from proceeding. Tips for Rental Agreements Understand Market Rates: Research local rental prices to negotiate effectively. Review Contract Terms: Ensure all terms, including duration and adjustments, are clear and acceptable. Inspect the Property: Conduct a thorough inspection before signing to avoid potential issues. Document Everything: Keep detailed records of all agreements and communications. Adera Property Management and Asset Administration is here to help you manage and grow your assets. Contact us today to explore this exceptional rental opportunity! MG: Tempo 45