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Units for sale in an office block in a fast growing town in the southern suburbs

South Africa, Western Cape, ID 248846

Units for sale in an office block in a fast growing town in the southern suburbs 1
Units for sale in an office block in a fast growing town in the southern suburbs 1
Asking price:
ZARR7 800 000
Net profit (per year):R840 000 zar
Owner
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Description

Commercial office investment opportunity available in a sought-after town near Cape Town.This charming town is renowned for its peaceful village atmosphere, tree-lined streets, and historic thatched-roof homes. Ideally located within approximately 15 minutes of Cape Town’s major business hubs and the airport, it offers excellent accessibility for businesses and professionals.The area features well-established shopping centres and modern office developments. Demand for commercial office space has grown steadily as businesses relocate from the Cape Town CBD in search of well-maintained infrastructure, improved accessibility, and long-term property investment opportunities.The average office property value in the area is approximately R13.75 million, with an average price of around R14,124 per square metre.This opportunity comprises three commercial office units within a well-maintained office complex, offering a combined floor area of 527 sqm.The remainder of the building is occupied by established professional organisations and long-term tenants, creating a stable commercial environment.The three units are supported by new interior renovation plans designed to accommodate conferences, webinars, training facilities, and modern business operations, providing additional value and future flexibility for the new owner.

Details

Real Estate: Lease
Asking price: 7 800 000 zar
Net profit (per year): 840 000 zar

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