Prime Commercial Building – Windhoek CBD | Independence Avenue
Property Overview
An exceptional commercial investment opportunity located in the heart of Windhoek’s Central Business District (CBD). This ten-storey A-grade office building offers unmatched visibility and accessibility along Independence Avenue, one of Namibia’s most prestigious and busiest commercial corridors.
Key Property Details
• Zoning: Business 1
• Use: Offices / Retail
• Extent: ±1,269 m²
• Bulk Factor: 4.0
• Coverage: 82% (Permissible 85%)
• Height: 10 Storeys
• Parking: 55 Basement Bays
• Municipal Services: Fully serviced (electricity, water, sewerage, stormwater, tarred access).
Description of Improvements
This modern ten-storey commercial building features:
• Ground Floor (749m² GLA): Retail banking hall, ATM lobby, lift foyer, kitchen, restrooms, and storage areas.
• Floors 1–7 (2,928m² GLA): A-grade office accommodation including reception areas, open-plan offices, boardrooms, meeting rooms, kitchenettes, and entertainment areas.
• Basement (2 levels, 2,070 m²): Secure parking for 55 vehicles, strong room, and additional storage facilities.
Building Features
• Air-conditioning throughout
• Two passenger lifts
• Modern fire detection and alarm systems
• Access control and CCTV
• Backup power provision
• Good quality plastered and painted finishes with aluminium fenestration
• Suspended ceilings and tiled floors
Market Position
Located within Windhoek’s prime CBD corridor, this property enjoys:
• Proximity to Wernhil Park, Mutual Tower, Nampost, and Gustav Voigts Centre
• High foot traffic and strong visibility from Independence Avenue
• Stable demand for office and retail space within the CBD
• A recovering market with gross rentals averaging N$190–N$200/m² for A-grade offices
Investment Summary
• Market Value: N$71,700,000
• Net Rental: ±N$155/m²
• Cap Rate: 9.0%
• Condition: Excellent – modern, secure, and well-maintained
• Highest and Best Use: Office / Corporate Headquarters
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Contact: Joubert Balt at 081 127 2322 for more information.
Proof of Funds required prior to viewing
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Your details will be treated with the utmost confidentiality! They will only be used internally for the purpose of contacting for customer service and sending our monthly newsletter. The details will definitely not be handed to third parties.
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