Office with Rent Edificio Plaza Bellet Santiago· Chile

Code: TIO1045

Type:Office
Location:Providencia
Price:UF 19.500
Cap Rate:6,2 %
Construction Year:2011
Office Surface (m²):177

DOCUMENTS

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DESCRIPTION

TierraInfinita is proud to be the exclusive agent of this unique opportunity to acquire an office in the Plaza Bellet Building, Providencia sector. The office is currently under a long-term lease with the renowned law firm Solís Abogados.

The property, whose surface is 177 m², corresponds to office 404. The package includes 6 parking spaces and 1 warehouse. The Plaza Bellet Building is located in a consolidated sector of Providencia, with countless offices, services, commerce and residences. The building currently has an occupancy of 90%, in line with the average occupancy of class A+ buildings in Santiago and in the sector.

Solís Abogados has a lease in force since 2018 and expires in February 2023. The contract does not have early departure and has automatic and successive renewal extensions for 5 years. Currently the contract is paying a monthly rent of UF 105.

Investment Highlights

Long Term Lease Contract

5 base years (February 2018 – February 2023)
Automatic and successive renewals for 5 years

Excellent Tenant

Sólis Abogados is a law firm of recognized prestige in the local market
Leasing contract has Mr. Isidro Solís Palma as guarantor and joint debtor

Spectacular Building

Class A+ office building with fine finishes, large common areas, meeting rooms and commercial premises
Control and safety 24/7
Last generation elevators

Excellent Offices

Offices are superior quality with superb finishes
Offices specially designed to serve clients

Limited Owner Responsibility

Owner shall only pay real estate taxes
Tenant pays operating expenses
Tenant pays maintenance fees

Excellent Location

Consolidated commercial, service and residential neighborhood
Minutes away from the Pedro de Valdivia and Manuel Montt metro stations

Excellent connectivity given by Costanera Norte, Andrés Bello and Providencia avenue
Good access through streets with less traffic (Dr. Carlos Charlín and Antonio Bellet

Close to services such as banks, supermarkets, shopping centers and retail
Multiple restaurants and cafeterias mean greater flow in the sector and attractiveness for offices

OTHER PROPERTIES

Santiago, Chile