Retail in CAPE TOWN

Double volume versatile spacious offices for sale in Cape Town City Centre in the popular and established block. Will suit an investor buyer. Has a 5 year lease in place started Aug 2023 terminates 31 July 2028.First year rental is R35 500 plus vat per month/ 2nd year R37 450 plus vat/3rd year R40 071 plus vat/4th year R42 876 plus vat/Final year R45 877 plus vat. Tenant pays on top of the rental some usage cost for example electricity. VAT registered seller so the possibility of doing a zero-rated transaction and saving on transfer costs.

Conveniently located in the Cape Town City Centre, part of a successful development that also has residential units. The building has established tenants /owners including attorneys’ firms and the head office of one of Africa’s leading Property Brands. 2 parking bays are included and the possibility of renting more bays. Versatile office space with lots of options. Toilets on both down and upstairs levels. Large kitchen facilities upstairs. A unit that must be viewed to understand its true value. Alarm system/boardroom facilities and much more. Please note most of the photos taken of the unit is what it looked like before. The current tenant is a supermarket.

Please do not hesitate to contact me for any further information.