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.
Features
Open Parkings 3
Building Name Gatehouse
Zoning Commercial
Basement Parking 12
Monthly Rates R6,585.00pm Excl. VAT
Monthly Levy R16,608.00pm Excl. VAT
Floor Size 499m²
Land Size 499m²
Security Yes
Air Conditioning Yes