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820m2 Investment Opportunity at The Pinnacle, Cape Town
R 16,780,000
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General Details
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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 8th Floor and measures 820m2 with a tenant in occupation. Rental income achieved of R150 200 per month with a yield return of 9.49%.
Asking price of R16 780 000 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 throughout the transaction process.
Property Reference #: CL7163
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 8th Floor and measures 820m2 with a tenant in occupation. Rental income achieved of R150 200 per month with a yield return of 9.49%.
Asking price of R16 780 000 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 throughout the transaction process.
Property Reference #: CL7163
Agent Details:
Sharon Marais
Vermaak Properties
Unit 92, Block B, Millennium business park, 19 Edison way, Century City, 7441
Id Subtitle 1230832947
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Estimated monthly repaymentR 181,847
Total property loan amountR 16,780,000
Total interestR 26,863,051
Total repaymentR 43,643,051
Interest rate at 11.75% for 20 years *
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Vermaak Properties
Selling for 3+ years
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