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R 4 500 000 | office property for sale in city centre

Property Description


Tenanted ground floor office located in an upmarket and secure sectional title development on Rose Street, on the immediate periphery of the City Centre. The unit is located on the ground floor of the development adjacent to the foyer and common areas and consists of a spacious reception, boardroom, three private offices and kitchenette on the ground floor level and additional storage, toilet and shower on the lower level. Access control and 24-hour security. The property is ideal for rental investment, with a long-standing tenant in place that is prepared to enter into a new 2-3 lease agreement with the purchaser. 4 X Exclusive use parking bays located in the basement included, two of which are enclosed with roller shutter doors and two additional bays near the lift. Unit Size: 156 sqm Purchase Price: R4 500 000 plus VAT Rental Income: - R514 626 p.a Expenses: - R133 607 p.a Approx yield: 8.5%


Property Details

Purchase PriceR 4 500 000

Building Size156 m2

Price Per SQMR 28846 m2

Type of PropertyOffice

ZoningCommercial

Last Updated11 Oct 2018

Property Location


Address35 Rose Street, City Centre, Cape Town, Western Cape, South Africa

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