Office for sale in Cape Town

Investment Opportunity

“A” grade Tenant in a prestigious CBD sectional title scheme. R10, 950 mil plus Vat, possible zero-rated sale if the purchaser is a Vat Vendor. Lease till February 2025, with an option to renew for a further five years. Current monthly rental R100, 607.62 excluding Vat, escalating by 8 % on the 1st March 2021. The Landlord recovers electricity, water and rates. Net monthly rental R84, 178.40 till February 2021. Possible future conversion to residential units.

BC Levies: R16,854 PM

COCT Rates & ID Levy: ±R4,800 PM

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office listed on 18 Sep 2020