Now selling at 20% discount – limited time only

Welcome to your new office suite

Wale Street Chambers is a set of beautifully appointed, bite-sized, ‘plug-and-play’ office suites now available to buy.

Fully amenitised, and ranging in size from 114sqm to 403sqm, these gorgeous suites are situated on Wale Street in Cape Town’s thriving CBD. They’re developed by the Klarey Property Group, whose resumé includes ‘The Harri’, a live-work-play development on Harrington Street in the East City, as well as 20 eco-camping lodges in the wine-growing region of Alenquer, Portugal.

PRICING STARTS AT R1,999,999.00 excl. VAT @ 15%.

Facts

Wale Street Chambers offers you a highly competitive deal for several reasons:

  • Location – We’re situated on Wale and Church Street, right in the heart of a thriving, clean, and well-run Cape Town CBD. We’re on the doorstep of a fantastic mix of award-winning restaurants, bakeries, coffee shops, fashion boutiques, gyms, terraced gardens and walkways, and only 20 minutes from Cape Town International Airport.
  • Plug-and-play – Buyers have the option of furnished or unfurnished office suites that all set on floors which carry an overall striking look of sublime colouring, texture and furniture essentials.
  • Parking – Bays in the building can be bought or rented.
  • High-Speed WiFi throughout the office suites.
  • Credible – Our developer, the Klarey Property Group, are known experts in refurbishing old or disused commercial property space into destinations/areas that are vibrant, well-amenitised and carry excellent resale value.
  • Guaranteed electricity supply – Each office comes with a UPS - no more unproductive down time because of load-shedding.
  • Limited offer – Offices in Cape Town’s CBD are selling on average for R22 000/m². Buy now into Wale Street Chambers and receive a 20% discount on the current market prices. Limited availability!
  • Solid investment – Capital growth in the CBD has seen an average increase of 6.5% per annum and rental returns average between 7 and 9%. Either way, investors can expect returns of between 13 and 15%. Own an asset that grows at 6.5% and yields you 20.2% on your equity if you use bank finance instead of renting.
  • Bond approval – Klarey Properties can assist purchasers with bond applications through all major banks so ensuring the best interest rate at no additional charge.

Did you know?

Buying vs renting makes better sense

  • Only pay R222 every month more on your bond than on your rental over a 10-year period.
  • Pay less on your bond by year 6 than on your rental payments.
  • Own an asset worth R3.45 million after 10 years as opposed to owning nothing if you rent.
  • Your return on equity is 20% per annum compounded.

Office stock is reducing because residential conversion projects of existing offices is increasing. This means that office investment opportunities may soon become unaffordable again.

Floor Plans and Pricing

The 2022 average selling price of commercial property in this price range is R22 000/m².

4th Floor

Unit 1

R2 499 995 ex VAT

Size: 149 m2 | Cost per m2: R16,778 ex VAT
Option to purchase up to two parking bays at
R150 000 per bay (ex VAT)

Unit 2

R1 999 995 ex VAT

Size: 112 m2 | Cost per m2: R17,857 ex VAT
Option to purchase up to two parking bays at
R150 000 per bay (ex VAT)

Unit 3

R2 449 995 ex VAT

Size: 142 m2 | Cost per m2: R17,253 ex VAT
Option to purchase up to two parking bays at
R150 000 per bay (ex VAT)

7th Floor

Unit 1

R2 899 995 ex VAT

Size: 149 m2 | Cost per m2: R19,463 ex VAT
Option to purchase up to two parking bays at
R150 000 per bay (ex VAT)

Unit 2

R1 999 995 ex VAT

Size: 112 m2 | Cost per m2: R17,857 ex VAT
Option to purchase up to two parking bays at
R150 000 per bay (ex VAT)

Unit 3

R2 449 995 ex VAT

Size: 142 m2 | Cost per m2: R17,253 ex VAT
Option to purchase up to two parking bays at
R150 000 per bay (ex VAT)

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Get in Touch

082 826 8796

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