Property features

Available Immediately
Min Term 12 months
R 142 595
Security Estate

Property Details

The property includes a dedicated parking bay, providing added convenience for both tenants and visitors. Accessibility is further enhanced with entry points from both Retief Street and the prominent Walter Sisulu Avenue, offering improved visibility and ease of access for tenants and customers. This two-story building features a ground floor of 1501 sqm (GLA), currently an open space ready for the new tenant to personalize and adapt according to their needs. The spacious first floor covers 1020 sqm (GLA), offering plenty of room for a variety of commercial or office applications. With its prime location and flexible design, this property offers an attractive opportunity for a wide range of potential uses. --- **Herewith the Tenant Rental Terms for the Ground Floor Space:** - **Ground Floor Space**: 1501 sqm - **Net Rental**: R95.00 per sqm - **Operations Costs**: R11.00 per sqm - **Parking Bays**: R350 per covered parking - **Municipal Accounts**: The tenant is responsible for water, sewerage, refuse, and other municipal services consumed. - **Escalation**: 6.5% per annum - **Electricity**: Each tenant has their own electricity meter at Bank City. A utility management company reads the meters monthly and reports to Eris, the property management company, for invoicing purposes. - **Tenant Installation**: The Landlord may consider contributing towards tenant installation costs. - **Comments**: While the Landlord prefers one tenant, leasing to two or three tenants will also be considered.