R 4 977 000 | office property for sale in century city

DESCRIPTION AAA-grade Sectional Title Office Unit, with top-quality finishes, including air-conditioning and a kitchenette. A number of green building initiatives have been included in the design of this office building, with a focus on energy and water efficiency in order to reduce operating costs and improve the working environment for occupants. LOCATION The building is situated on Century Way within the picturesque Grand Central Precinct of Century City. Semi-basement and ground-level parking bays provided, together with terraces and balconies overlooking landscaped gardens. Extensive public transport links, excellent security, and a wide range of nearby amenities, including the new Tribakery across the road, Canal Walk Shopping Centre, Virgin Active Gym, convenience retailers, restaurants, coffee shops, Intaka Island nature reserve, a sports oval and a day-care centre. The building is Telkom and Century City Connect ready, offering tenants access to the countrys fastest broadband data, voice and multi-media services. SIZE, PARKING & AMENITIES Approximately 245sqm of office and common space, with a 75sq m terrace, 5 basement parking bays and 1 open parking bay. EXPECTED INCOME Estimated rentals of R145 per sq m for offices, R55 per sq m for terraces, R800 per basement bay and R550 per open bay. PRICE The price is R4.977 million, which provides a net yield of 8.5% (or 8.8% if the municipal valuation objection is successful).