Office Space Crossfire Place, 15 Gardner Williams Ave, Paardevlei, Somerset West

Fantastic Investment Unit for Sale in Paardevlei

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This great Investment unit is available to purchase immediately and is already tenanted. Situated on the Ground floor of Crossfire place it is easily accessible and boasts great visibility off the street. The financials run as follows for this unit;

The current tenant has a rental of R74 590 per month of which;
- R67 850 = Basic Rental
- R7 020 = Parking (Offsite & Onsite)
= R895 080 (Over 12 Months)

Parking Bay Price= R1 000 000 (20 Bays total)

Total Expenses = R 12 753
- R153 036 (Over 12 Months)

R895 080 - R153 036
=R742 044

(R742 044/ R8 500 000) x 100


The Net Yield is roughly 8,7% on your purchase, using the above mentioned calculations. Realistically it does run at roughly 9% yield which is quite good relative to the Western Cape property market.

Offers are welcome! Feel free to contact me if you have any further queries about this fantastic opportunity.

Building Description

Situated in the heart of the Paardevlei Estate, Crossfire House offers some of the best offices to rent in Somerset West. There are even options on sectional title offices to purchase, whether for investments or to occupy. The building benefits from Paardevlei's 24-hour security, with 2 boomed & access controlled entrances, as well as foot patrols through the estate. Across the road from The Sanctuary shopping centre, which boasts a Woolworths Food, a Pick n Pay & a Virgin Active, this office block is minutes away from all the necessary lifestyle amenities you could require, if the estate does not have them already. It is also across the road from the Strand golf club, perfect for those business meets with clients. If you are looking for A-Grade offices in Somerset West, look no further.