Commercial Property to let in Somerset West Central

Date: 2023-06-28

TO LET: PRIME OFFICE SPACE – SOMERSET WEST CENTRAL BUSINESS DISTRICT.

This prime property, situated in The Forum Building, on the c/o Caledon and Drama Streets, is the final phase of the rejuvenation and refurbishment of the building. It houses Bootleggers Coffee Company, Holy Dough, and Jimmy Law Art Gallery to name but a few. Directly opposite the road from the building you will find a large Municipal Parking Area. The units are in the process of being renovated and will be ready within 1 Month of signing a lease, for occupation, based on the tenant’s requirements.
It is situated on the 1st and 2nd floors of the building with its own internal staircase. It is bright, roomy and has an industrial look and feel to it. The units would suit any professional business or enterprise. There are two units available on the first and second floor respectively.

Unit 16 A (Second Floor)
Size – 78 m²
Exclusive Use Patio Area – 31 m²
2 Secure Parking Bays @ R600 per bay per month (if required).
Rental Details
Basic rental for Office: R160 per m² X 111 sqm = R12 480 Excl VAT
Patio rental: R80 per m² X 31 m² = R2 480 Excl Vat
Operating Costs: R25 per m² X 31 m² = R2 775 + VAT
Total Rental: R17 735.00 Excl Vat

Unit 16 B (First Floor)
Size – 111 m²
2 Secure Parking Bays @ R600 per bay per month
Rental Details
Basic rental for Office: R145 per m² X 111 sqm = R16 095 Excl VAT
Operating Costs: R25 per m² X 111 m² = R2 775 + VAT
Total Rental: R18 870.00 Excl Vat

General
The Operational Costs covers the following:
- Property rates & taxes
- CID levy (City Improvement District)
- Common area electricity, water & refuse
- Cleaning of common areas, outside & bathrooms
- Security
- Refuse removal
Electricity: Pre-paid (own DB board)
Water: Metered consumption
Escalation of Basic Rental + operating costs: 6% p/a
Tenant Installation Allowance will be provided. For further information and/or to schedule a viewing, please contact the broker.