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485m2 A Grade Office Investment Opportunity in Cape Town
R 12,095,999
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General Details
Location:
Description
The Pinnacle is an A Grade commercial building positioned in the heart of Cape Town. The continuous glass curtain exterior of this 18-storey high-rise building offers incredible views of the mountains and city with an abundance of natural light. There are two levels of secure underground parking with 24hr security and access control.
Easy access to shopping, dining, high court and transport facilities.
No Loadshedding at this building and Fibre-ready connection.
This property is situated on the 18th Floor and measures 485m2. This space is perfectly suited for an Investor. The property is tenanted with rental income earned of R84 964 per month at a Cap rate return of 7.4%.
Asking price of R12 096 000 excludes VAT, parking and storerooms,
Parking bays available at:
R130 000 per single bay
R150 000 per tandem bay
Storerooms available at R5000/m2
Contact Sharon Marais, our Commercial Property Broker, for more information, viewing arrangements and professional assistance.
Property Reference #: CL7165
Agent Details:
Sharon Marais
Vermaak Properties
Unit 92, Block B, Millennium business park, 19 Edison way, Century City, 7441
Easy access to shopping, dining, high court and transport facilities.
No Loadshedding at this building and Fibre-ready connection.
This property is situated on the 18th Floor and measures 485m2. This space is perfectly suited for an Investor. The property is tenanted with rental income earned of R84 964 per month at a Cap rate return of 7.4%.
Asking price of R12 096 000 excludes VAT, parking and storerooms,
Parking bays available at:
R130 000 per single bay
R150 000 per tandem bay
Storerooms available at R5000/m2
Contact Sharon Marais, our Commercial Property Broker, for more information, viewing arrangements and professional assistance.
Property Reference #: CL7165
Agent Details:
Sharon Marais
Vermaak Properties
Unit 92, Block B, Millennium business park, 19 Edison way, Century City, 7441
Id Subtitle 1230833614
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Estimated monthly repaymentR 131,086
Total property loan amountR 12,095,999
Total interestR 19,364,448
Total repaymentR 31,460,447
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Vermaak Properties
Selling for 3+ years
Total Ads1.19K
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