Rentals

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Contact Details
Renier Swarts
Email: Renier.Swarts@Abland.co.za
Tel: 082 555 3979

Leroy La Grange
Email: Leroy.lagrange@abland.co.za
Tel: 082 442 6691

LOFTUS PARK NET MONTHLY RENTAL RATES - March 2018
image Offices R 165 / m²
Basement Parking R 850 / bay
Storage R 75 / m²
Balconies R 79 / m²
Operating Costs (Estimate) R 25 / m² (Estimate)
Rates & Taxes (Estimate) R 19 / m² (Estimate)
Lease Period Minimum 7 years
Escalation 8% on Rentals and Operating Costs compounded annually
Occupation Date 01 March 2018

 

LOFTUS PARK DESCRIPTION RATE / m²
(Usable Area)
image TENANT SPECIFIC ALLOWANCE  
Floor Finishes R 220.00
Partitioning including doors R 240.00
Louver drapes to perimeter windows R 60.00
Wall Finishes R 65.00
One normal and one dedicated single socket electrical outlet per 15 m² R 190.00
Ceilings R 185.00
Air Conditioning including power outlet R 950.00
Average lighting of 300 lux will be provided with LBR fittings R 240.00
Tea kitchen (R15,000 allowance per 300m²) R 50.00
TOTAL TENANT ALLOWANCE PER M² OF USEABLE AREA R 2, 200.00

Notes:

  1. These items will be purchased / installed by the developer. Should these items not be required, no cash credit will be granted.
  2. All prices are exclusive of VAT.
  3. Air-conditioning will be a combination of consol type units to perimeter (one 9000 BTU unit / 20m²) and hideaway units to deep space areas for 25% of the area.
OPERATING COSTS
Building insurance premiums image
Garden maintenance
Cleaning (common areas)
Management fees
Cleaning consumables (common areas)
Meter reading fees
Building Security
Repairs & maintenance - access control (basement)
Repairs & maintenance - plumbing
Repairs & maintenance - electricity
Repairs & maintenance - security systems (common areas)
Refuse removal
ESTIMATED SUB TOTAL OPERATING COSTS R 25.00 / m² GRA
ESTIMATED RATES & TAXES R 19.00 / m² GRA
ESTIMATED TOTAL OPERATING COSTS R 44.00 / m² GRA

EXCLUSIONS

Electricity and water as metered
Effluent
Repairs & maintenance - air conditioning

Developers

Looftus Park

Centred around the core values of quality, commitment and enthusiasm, Abland and its associated companies have for been providing a fully integrated property development and management service for more than two decades.

Born out of the development activities of the construction company Abcon, Abland first opened its doors in 1989. Private ownership and a hands-on approach of shareholders and staff alike have contributed towards Abland's success and the strong entrepreneurial and independent spirit that prevails in the company.

After making great strides in commercial development, Abland expanded to include residential development (Sable Homes), building management (Abreal), as well as filling station development and management (Oilgro). The company has grown from strength to strength and its expansion into many spheres of property development allows Abland to share with its clients a 360 degree insight into the ever evolving property development industry in South Africa.

For more information visit please www.abland.co.za

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