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R 10 989 250

Commercial Property for Sale in Illovo

Illovo, Sandton

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363 m²

NO TRANSFER DUTY

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Illovo central retail 104 space for sale

INVESTMENT OPPORTUNITY

Sectional Title Area: 363 m²

External Seating Area: 19 m² which extends the space for relaxation seating to the outside

Parking Bays Included: 19

Total Purchase Price (excl. Vat): r10,989,250.00

Tenancy Status: Currently tenanted; available from 01 June 2025

Why Invest in Illovo Central?

Investing in commercial property offers significant returns, with the potential for appreciation over time and annual rental increases that enhance profitability.

Prime Location: Situated in the bustling heart of Sandton, this stunning retail space combines style and convenience, ensuring high foot traffic and visibility.

Features:

Smart Metering System: Effortlessly manage electricity and water usage.

Backup Generator: Ensures uninterrupted operation during load-shedding.

Versatile Interior Space: Perfect for product launches, pop-up shops, and...

INVESTMENT OPPORTUNITY

Sectional Title Area: 363 m²

External Seating Area: 19 m² which extends the space for relaxation seating to the outside

Parking Bays Included: 19

Total Purchase Price (excl. Vat): r10,989,250.00

Tenancy Status: Currently tenanted; available from 01 June 2025

Why Invest in Illovo Central?

Investing in commercial property offers significant returns, with the potential for appreciation over time and annual rental increases that enhance profitability.

Prime Location: Situated in the bustling heart of Sandton, this stunning retail space combines style and convenience, ensuring high foot traffic and visibility.

Features:

Smart Metering System: Effortlessly manage electricity and water usage.

Backup Generator: Ensures uninterrupted operation during load-shedding.

Versatile Interior Space: Perfect for product launches, pop-up shops, and immersive experiences.

Secure Parking:

Includes 19 x bays with a well-guarded entrance, controlled access, and 24/7 surveillance—ideal in an area where parking may be scarce.

Additional Amenities:

Exclusive Use-Area: An external seating area of 19 m² extends the space for relaxation seating to the outside.

The in-house cafe/restaurant is a true gem; Cafe of Central brings convenience and luxury to this exceptional office space. The onsite gym is also a unique and valuable property feature, exclusive to the building tenants. Provide an enjoyable and practical fitness experience for you and your team without ever having to leave the building. Additionally, the building has a swimming pool for all occupants.

Access to the 8th Floor Gym: This means that as part of the sale agreement, tenants have access to a gym located on the 8th floor of the building and also includes gym memberships, which are directly tied to the parking bays, implying that the tenant can have up to nineteen people (likely associated with the parking spaces) use the gym. In essence, this sale package provides not just the space but also a set of convenient and valuable amenities, which can be a significant benefit and provide value to enhance tenant appeal.

Modern Design: Featuring sleek decor and advanced security systems, this space is tailored for contemporary businesses.

No Transfer Duty: Please note that the price is subject to VAT.

**Contact Us Today!**

Don’t miss this opportunity to elevate your business in one of Sandton’s most desirable retail spaces. Reach out now for more information and to schedule a viewing!

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Property Overview

Listing Number

112841834

Type of Property

Commercial Property

Listing Date

28 June 2023

Floor Size

363 m²

Levies

R 21 477

No Transfer Duty

Yes

Rates and Taxes

R 16 231

Facilities

Truck Access

Small Trucks

External Features

Parking

Building

Building Name

Illovo Central

Building Grading

P Grade

Points of Interest

Bond Calculator

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Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.