Mini Portfolio of Commercial Office Units for Sale 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.
Century city is located 10km from central Cape town on the N1, neighboured by the suburbs of Milnerton and Montague Gardens, which makes this a very popular prime area for Commercial offices.
The area features popular hotels, conference facilities, coffee shops, canteens, and convenient stores, all within walking distance from business parks. Public transport services, including Myciti and Golden Arrow buses,...
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Disclaimer: While every effort will be made to ensure that the information contained within the Vermaak Properties website is accurate and up to date, Vermaak Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
