Building For Sale

Sothebys Would like to present a prime Sale opportunity at Cape Town City Centre, Western Cape, 8000. The building offers 4,800 m² of
rentable office space spanning Floors 1 to 6, with a gross rental rate of R170/m². Additionally,
29 parking bays are available within the building. The property is available for immediate
occupation, presenting a compelling investment for prospective tenants.
Property Description & Condition:
The building consists of six levels, with:
• Ground Floor: Modern retail spaces-Currently let out @ R380/sqm
• Levels 1 & 2: Dedicated parking areas
• Levels 3 to 6: Office /Mix use space (Level 4-6 white-boxed and available immediately
for fit-out) Each floor with views of Table Mountain and Harbour Arch.
• Top Floor: Skylight-enhanced atrium with ample natural light which flows through to
floors 5 and 4.

The property has undergone significant upgrades, including floor-to-ceiling glass
windows, backup power systems, fibre internet, and CCTV surveillance. The
bathrooms and sanitary ware are of clean and upgraded. However, with minor
interior enhancements, the building can present as a modern, premium office space.

Municipal Regulations & Location Overview
• Zoning: Mixed Use 3
• Coverage: 100%
• FAR (Floor Area Ratio): 6
• Height Limit: 38m
• Development Potential: The ability to add to the existing building depends on its
current use and the intended use of additional floors. Preliminary assessments
suggest the possibility of adding two to three floors for residential use, enhancing
the mixed-use potential of the property.
• Location: The subject property is situated in the Foreshore of Cape Town, a soughtafter mixed-use precinct at the confluence of the N1 and N2 highways, offering
excellent visibility and easy vehicular access. The area is characterized by Premiumgrade, AAA-grade, and A+ grade buildings, including Rockefeller, The Halyard,
Atlantic Place, Pier Place Square, and the Yacht Club, all housing blue-chip tenants.
• Proximity to Harbour Arch: Located opposite the Harbour Arch, the first large-scale,
inner-city, mixed-use precinct in Cape Town CBD. On completion, this 5.8-hectare
development features two tower blocks of usable space, offering a live-work-play
environment. While still in the initial phase of its launch, its set to become a premium
destination for urban revitalisation.
• Public Transport Access: The property enjoys convenient walking access to MyCiTi
bus routes, Uber services, shuttle services, Inter City Bus Depots and Cape Town
Railway Station.
• Nearby Developments: Thibault Square, located nearby, has undergone
redevelopment into luxury apartments and office spaces.
• Market Trends & Occupancy Potential: Strong demand for office space in Cape Town
CBD, with declining availability