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Freestanding Fully Tenanted Building For Sale in Century City- Investment

Ref # 2264420
R57,500,000
Property Details
1 North Bank Ln
2,294m²
2,294m²

Century City in Cape Town is a bustling business hub known for its strategic location between the city's central business district and northern suburbs, easily accessible via major transport routes. Investors are attracted by its strong rental market and low vacancy rates, offering diverse commercial spaces from modern offices to retail centers. The area boasts world-class infrastructure, including state-of-the-art office complexes, ample parking, conference facilities, and recreational spaces. Its scenic canal system and nearby natural attractions enhance the quality of life for residents and workers alike. Overall, investing in commercial property in Century City promises a blend of strategic location, robust market dynamics, and exceptional amenities.

1 North Bank Lane is a 4 story "A Grade" sectional title office development consisting of 5 office units ( 2038 m2), 3 apartment units (256 m2) , 71 basement parking bays and 7 open parking bays. It is located to the rear of Crystal Towers, and just a brisk 2 minutes walk from Canal Walk Shopping Centre.

The building comprises of 8 sectional title units (5 Office and 3 Residential units) .

Each of the 5 office spaces house different tenants, with the exception of BBD Software Developement. (BBD, an international software solutions company, occupy section 3 and section 5 – 1 209 m2) which includes boardrooms, open plan workspaces, male and female ablutions, kitchens and pause areas.

In addition to the above, the property has three residential apartments on the 4th floor comprising 2 X two bedroom units and 1 X Bachelor apartment. The finishes to the apartments are of a high standard. Access to the upper floors is provided via a lift and stairwells. Site improvements comprise paving, walling and landscaped garden areas.

Property Features
Property Type
Office
Covered Parking
76
Floor Size
2,294m²
Land Size
2,294m²
Costs and Terms
Rates & Taxes
±R33,000
Levy
±R53,000
Available From
01 Aug 2024
Additional Information
Grade
AAA
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