One Lagoon Beach

1 Lagoon Gate Drive, Lagoon Beach, Cape Town, South Africa

Freehold office investment opportunity

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Listing ID: S-9741

Sale Price R45 000 000
GLA 1,299 m²
Rate R34 642 /m²
Zoning Commercial
Erf Number 32294, Milnerton
Erf Size 675 m²
Levies

R 0

Parking

Open

12 bay(s)

Parking

Basement

19 bay(s)

Prime Freehold Offices For Sale in Lagoon Beach, Milnerton

Prime Freehold Offices For Sale In Lagoon Beach, Milnerton

This property is located in the sought-after Milnerton area. It is situated within walking distance of the beach and several restaurants and coffee shops.

This building is very easily accessible, being situated on the corner of Lagoon Beach Drive and Lagoon Gate Drive, giving it great access to Marine Drive (R27), Paarden Eiland and the N1. It is approximately 5km from the Cape Town CBD.

The building has an oval-shaped design, as well as floor-to-ceiling windows, which maximise the views of Table Mountain and the surrounding areas.

This is one of the few office buildings in Cape Town where you can see, smell and hear the sea from your desk.

The building has great exposure onto the R27 with signage exposure.

The building is made up of 4 levels.
The ground floor comprises 19 undercover bays, 8 storerooms, space for an ATM and a retail store. There are also 12 exclusive-use open parking bays.

The first level comprises 2 units measuring 204m² each.
The second and third levels comprise 5 double-storey units, which can be combined into one unit of 839m².

The building has 2 units to let, with the leases expiring in May 2025. There is 839m² of vacant space.

There is signage on the building, which generates substantial income. The share accruing to the property averages approximately R100 000 per month.

To arrange a viewing, please contact Richard Scott.

Property features:

Security
Reception
Open Plan
Office
...

Area specialist

Richard Scott

Investment Specialist

...

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