Brand new Premium Grade office space in Century City is now available to let from December 2012. Four freestanding buildings with 20 units in total are being developed by Horizon Capital in the sought-after Park Lane precinct of Century City, with occupation expected in phases between December 2012 and March 2013.
The units will have top-quality finishes and will include air-conditioning and a kitchenette in each unit. A number of green building initiatives have been included in the design of these office buildings, with a focus on energy and water efficiency in order to reduce operating costs and improve the working environment for occupants. The buildings will be fibre-ready for Century City Connect, offering tenants access to the country’s fastest broadband data, voice and multi-media services.
Park Lane Office Park is in a prime location within Century City, with extensive public transport links, excellent security and a wide range of nearby amenities, including Canal Walk Shopping Centre, Virgin Active Gym, convenience retailers, restaurants, coffee shops, Intaka Island nature reserve, a sports oval and a day-care centre. Eaton House will be located at the entrance to the Oasis Luxury Retirement Resort, making it an ideal position for businesses servicing the complex. Visit www.centurycity.co.za for more information on Century City.
The rental rates are R145/m² for offices, R55/m2 for terraces and balconies, R800/basement bay and R550/open bay, per month (excluding VAT). Flexible leasing options are available with units ranging in size from approximately 100 to 1,000m², with building naming rights offered should an entire building be leased by one tenant. Semi-basement and ground-level parking bays will be available and all units will come with terraces or balconies overlooking landscaped gardens.
For investors, just a few units in these prime office buildings are still available to purchase. Horizon Capital is offering an exclusive opportunity to purchase the remaining Premium Grade office space at an attractive initial yield. Prices start at approximately R2.3 million excluding VAT. The development offers investors tax benefits in terms of the Income Tax Act (S13), which allows new building owners to claim a portion of the cost of the property as a tax deduction, in addition to the usual expense and interest deductions. 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.
Contact us should you require any further leasing or sale information or if you would like a site tour: Teresa Cook: 021 425 8586/ 079 527 0348 or Kate Hogarth: 021 425 8586/ 082 447 0078.