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R40,000,000

Monthly Levy
R2,050 Excl. VAT
Monthly Rates
R25,000 Excl. VAT

Landmark Investment Opportunity in Paarden Eiland

Swindon have secured the sole mandate to sell this iconic property which is a well-known landmark to all Cape Tonians driving in and out of the CBD along the N1. Due to its location tenants benefit from the added branding exposure as well as the extensive views over the CBD and Table Mountain. With glazing to all sides of the building the spaces are flooded with light providing an optimum working environment sought after by commercial users with the benefit of ample on-site parking.

The 4,592 sq building is split over 4 floors and was extensively renovated in 2015 / 2016 which included the conversion of the 1st floor into a storage facility and the top floor into AAA grade short to long term serviced office space. The value of the fittings, finishes, furniture alone equate to approximately R 7 million and will be included in the sales price.

With Paarden Eiland earmarked as a node to be transformed into Cape Town's next commercial and residential hub, this property presents investors with immediate returns of over 9% with a long-term upside of additional bulk, potential residential conversion as well as capital growth which will come with this transformation.

Due to Paarden Eiland's location a mere 10 minutes out of the CBD, there has been a steady movement of commercial tenants into the area, opting for this less congested and comparatively cheaper location to house their businesses.

The tenant mix consist of well-respected and sought after companies including Truworths, 1-Grid , Eezibet, Anana, VDMSA, Huani and Pentagon Freight.

For a full income and expense breakdown and extensive property package contact Marcus

Features

0
48
Zoning:
Industrial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
4,592m²
Land Size
1,862m²
Parking Bays
Open Parking Bays
48
Parking Ratio
1 bays / 100 m²

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Disclaimer: While every effort will be made to ensure that the information contained within the Swindon Property website is accurate and up to date, Swindon Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

534,156.01

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