499 m² Commercial space in Century City
Presenting a rare investment opportunity within the sought-after Century City node: a mini portfolio of four exquisite commercial office units. This investment offers an indicative combined yield of 8.35%, supported by a current occupancy rate of 76%. The units are tenanted with leases ranging between two to five years, and options to renew for an additional two to five years. The price point is set at R12.35 million excluding VAT.
These prime office spaces feature annual escalations between 8% and 9%, ensuring steady income growth. The Century City location provides excellent accessibility, modern amenities, and a thriving business environment, making it an attractive choice for discerning investors. For more information or to schedule a viewing, please contact Annie.
Property details
- Listing number T4696875
- Property type Commercial
- Listing date 3 Jul 2024
- Land size 499 m²
- Floor size 499 m²
- Rates and taxes R 6 585
- Levies R 16 608