R 4 150 000 | office property for sale in century city

Property Description


Commercial investment opportunity to purchase a sectional title office unit in a secure, well located, sought after office park situated in a well managed office park with a healthy body corporate. The premises are comprised of gross rental floor area measuring 192sqm (including use of the common area foyers and bathrooms). The office has an exclusive use balcony of 49sqm. There are also 7 exclusive use parking bays (6 basement and 1 open) with the unit. The premises and parking bays are let to a well established tenant with a lease that runs until July 2019 with an option to renew for another 2 years. Gross Monthly Rental Income of R33,427 per month VAT Less Monthly Rates of R3,577 (ave per month) Less Monthly Levies of R4,950 VAT NET: R298,800 VAT per year Initial yield on purchase of 7,2% *To register your interest for this office to buy in Century City, just send a reply on this listing or call the broker to discuss this and other offices to buy or rent in the Century City area. You can be assured of my professional service and prompt responses.


Property Details

Purchase PriceR 4 150 000

Building Size192 m2

Price Per SQMR 21614 m2

Type of PropertyOffice

ZoningCommercial

Land Size241 m2

Last Updated27 May 2019

External Features

Open Parking Bays1

General Features

SecurityYes

Air ConditioningYes

Property Location


AddressCentury Way, Century City, Milnerton, Western Cape, South Africa

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Property Location


Agent

Michael Wylie

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