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Apr 24, 2008:
A new AAA grade commercial building comprising over 6,000sq m of gross lettable area is being developed in Sea Point, Cape Town.
This upmarket six storey building comprises mainly prime office accommodation with retail space on the ground floor. In addition, 250sq m of penthouse space for luxury office accommodation is planned for the top floor, while a total of 74 secure parking bays are situated on the ground, first and second floors.
Selwyn Sharon, leasing, sales and investment consultant for Pam Golding Commercial, says almost all the retail space was let prior to the marketing of the building, while the commercial office space has just become available to let at rentals starting from R120 per square metre with a tenant installation allowance of R1,040 per square metre.
"Located on floors three to six, the office accommodation is flexible and available in configurations ranging from 200sq m in size. Almost fully let, the ground floor retail space was snapped up by tenants which include an upmarket restaurant, coffee bar and real estate business. In fact, the first tenants have already commenced with fitting out their premises and taking occupation.
"Traffic congestion is avoided as one approaches the building along Beach Road, then up Milton Road and straight into the secure parking area, while the N1 and N2 are also easily accessible," says Sharon.
"Set on an erf of approximately 1,200sq m, The Equinox is one of the largest developments of its kind in Sea Point."
