Horizon Capital is offering investors an exclusive opportunity to purchase AAA-grade office property in a prime location, of which there is currently a shortage in the market, at a net yield of 8%. Four small sectional title office buildings are being developed, with completion expected at the end of 2012 for phase 1 and mid-2013 for phase 2. Presales of 75% have already been achieved. The development is ideally situated in the Park Lane Office Park precinct in Century City. In the latest SAPOA office vacancy survey, Century City far outperformed the Cape Town average. A number of green building initiatives will be included in the design, with a focus on energy and water efficiency in order to reduce operating costs, and Horizon Capital expects the buildings to achieve better rentals and capital values as a result. Prices start at approximately R2.3 million excluding VAT.
Horizon Capital is a “boutique” Commercial Property Investment House based in Cape Town. It provides a comprehensive service to its High Net Worth clients, specializing in building and managing directly-owned, diversified commercial property portfolios, with the objective of long-term creation of wealth. Horizon Capital has acquired excellent experience in the niche of smaller sectional title offices. Typical clients are successful business people who wish to diversify their investments to achieve a high yield along with capital growth, or retired people who wish to receive a monthly income while enjoying the capital security of property investment. Should you become one of Horizon Capital’s High Net Worth clients, the Park Lane development would be one of the many top-quality commercial property investment opportunities available to you.
For further information please contact John Witter at Horizon Capital on 021 425 8586 or 082 906 2866.