Investment Office Building For Sale - Price Incl VAT
Description
This refurbished office building is conveniently situated on the periphery of town in the popular suburb of Gardens. It is near to the train-station hub and major routes feeding the city of Cape Town. The Gardens Centre is just a stone's throw away and soon this property will be within walking distance of Eurocape's new development of East City Centre, comprising retail and residential space. There is the opportunity to purchase this property for R21.5 million (equating to a gross yield of 10.1% and a net yield of 9.6% currently). There is a 3 year lease in place from 1 October 2011.
