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R 10 104 250

Commercial Property for Sale in Illovo

Illovo, Sandton

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263 m²

NO TRANSFER DUTY

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Illovo central retail 5 for sale

INVESTMENT OPPORTUNITY: ILLOVO CENTRAL

Exceptional Retail Space

Sectional Title Area: 263 m²

External Seating Area: 228 m² extends the space for relaxation seating to the outside.

Parking Bays Included: 13

Total Purchase Price (excl. Vat): r10,104,250.00

Tenancy Status: Currently tenanted; available from 01 September 2026

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...

INVESTMENT OPPORTUNITY: ILLOVO CENTRAL

Exceptional Retail Space

Sectional Title Area: 263 m²

External Seating Area: 228 m² extends the space for relaxation seating to the outside.

Parking Bays Included: 13

Total Purchase Price (excl. Vat): r10,104,250.00

Tenancy Status: Currently tenanted; available from 01 September 2026

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

Additional Amenities:

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 rental 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 thirteen people (likely associated with the parking spaces) use the gym. This package not only provides valuable retail space but also attractive amenities that 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

112845607

Type of Property

Commercial Property

Listing Date

29 June 2023

Floor Size

263 m²

Levies

R 12 019

No Transfer Duty

Yes

Rates and Taxes

R 15 636

External Features

Parking

Building

Building Name

Illovo Central

Building Grading

P Grade

Other Features

Internet Access

ISDN

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.