R57,500,000

Office for sale in Century City

1 North Bank Ln
2,294m²
2,294m²
Freestanding Fully Tenanted Building For Sale In Century City- Investment

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 Type
Office
Stand Size
2,294m²
Building Size
2,294m²
Covered Parking
76
Rates & Taxes
R33,000
Levy
R53,000
Covered Parking
Yes
Garden
Yes
Available From
01 Aug 2024
Reference
2264420
Grade
AAA
Address
1 North Bank Ln
Estimated monthly costs
Understand your true monthly costs by factoring in your loan repayments, utilities, rates & taxes and levies where applicable and supplied by the agent.
R689,322
Home loan repayment
R603,322
Rates and taxes
R33,000
Levy
R53,000
Utilities
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R0
Property history
Listed for sale at R57,500,000
08 Jul 2024
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