The Decks is a landmark mixed-use building situated on the corner of Long and Hout streets in Cape Town's central business district. The building is well positioned with great exposure along these two busy streets and includes; offices, retail, serviced apartments and a multilevel
This unit currently comprise of 1167sqm of retail (522sqm) space including a storage basement (661sqm). The tenant, Eagle Lighting has been in lease for over 10 years and is a Bidvest company. The monthly rental is R180 000.00 per month , escalated at 6% annually and includes 2 x parking bays. The lease expire in 2026 and the tenant has right to renew.
The unit is well suited for a variety of commercial uses and can be reconfigured, if need be, to
complement an occupiers' specific operational requirements.
At a sales price of R17m, the yield is currently at 10.52%.