1287 m² Office For Sale in Paarl Central

Description:
The Towers on the corner of 333 Main Road, Nantes, 4 Fabriek and Lady Grey Street is the tallest building in Paarl (which was recently declared a city and with 190 000 inhabitants is the second biggest city in the Western Cape). The Towers is in the central business district and is within walking distance of restaurants, shops, Pick ’n Pay, Woolworths, Virgin Active, etc. There is controlled access with security guards. Three lifts have recently been replaced; each floor has male and female bathrooms as well as a modern kitchenette. All offices are fully air-conditioned (occupants control the settings), with pre-paid electricity meters. All offices renovated, newly painted, and carpets cleaned. Fibre was brought to the building in the last quarter of 2018.
• A Grade offices
• Opportunity to convert to residential
• Perfect for a restaurant, a college, a call-center, an NGO, etc.
• 1287m² total
• Two store rooms of 10m² each.
• 13 offices
• Ample parking
• Seller willing to give an option of a headlease of R175 000 per month (16% yield).
• Projected rental is R206 605
• Current invoiced rental is R46 244
• Potential to rent out boardroom daily/weekly/monthly

Details:
• Sectional scheme name: SS The Towers
• Sectional scheme no: 378 / 2008
• SECTIONS: 68; 69; 73; 75-84 & STORAGE UNITS 8 & 9
• Rates p.m.: ± R9009
• Levies: R29 472.23