Capital Square – Office Space to let in Parklands

Capital Square – Opposite Mayfair Suites, Parklands Road

THE PROPERTY
This is an ultramodern premier commercial office development, ready for use from September 2019 onwards. It has been developed to a Grade A standard both in terms of infrastructure and security to accommodate establishments from a discerning, security-conscious and visionary community.

The building comprises of 101,081 sq.ft. of lettable space and ample parking over four basement levels. Developed as a green, energy efficient building, systems such as double glazed windows, motion sensors, daylight distribution and greenery within spaces have all been included to provide the occupier with the best working environment.

LOCATION
The complex is located along Parklands Road (Westlands area), diagonally opposite the Southern Sun Hotel. It is easily accessible by both private and public transport from Nairobi’s CBD, surrounding residential areas, local amenities such as The Mall, Westgate, Sarit Centre and other major business addresses that dominate the locality including financial, legal, insurance, banking institutions such as the likes of PWC, Safaricom, ICEA LION, Barclays Bank.

KEY FEATURES AND DESIGN

• Grand double volume entry lobby
• Crossway Lane provides direct road access to the building
• Allocation ratio of 2 car parking spaces per 1,000 sq. ft.
• 16 bike parking spaces available
• Secure and dedicated 24 visitors parking spaces available
• Flexible floor plates to suit every requirement
• 2.7 meter clear headroom to all office spaces
• Disabled-friendly access throughout the building
• Double glazed facade to minimize both heat and sound
• Fully fitted modern washrooms, spacious kitchenettes and separate cleaners area on each floor
• Energy efficient lighting fitted with sensors in all common areas
• Auxiliary power via backup 440 KVA generators
• Sprinkler systems, fire-fighting services with a security-integrated fire alarm system for easy evacuation

• Pre-installed window cleaning system
• Good water storage capacity
• Provision for air conditioning on all floors
• 3 High-speed lifts to all floors
• 24-hour security and CCTV surveillance, together with manned security and access control
• Provision of ICT and Fibre backbone infrastructure
• Dedicated on-site professional management

AVAILABLE OFFICE SPACE
Ideally preference will be given to one tenant occupying an entire floor plate. The option is available to split the floor plate into two wings.

RENTAL QUOTING TERMS
Full floor plate – USD 1.05 per square foot
Divided floor plate (3rd & 4th floor) – USD 1.10 per square foot
Ground Floor & Mezzanine – USD 1.80 per square foot
Terraces – 50% of the applicable rent
Parking – KES 10,000 per car parking bay (Ratio of 2 car parking spaces per 1000 sq. ft.) and KES 5,000 per motorbike dedicated space
VAT applicable on all above
Service Charge – KES 22 per square foot
Annual Escalation – 5% on USD and 7.5% on KES
Lease Term – 6 years

Ground floor:
Tower A – 1,168 sq. ft.
Tower B – 6,468 sq. ft. (including 1,927 sq. ft. terrace space)
Mezzanine floor:
Tower A – 3,862 sq. ft. (including 818 sq. ft. terrace space)
Tower B – 2,399 sq. ft.
Typical full floor plate:
8,291 sq. ft.
Divided floor plate on 3rd & 4th floor:
Tower A – 4,554 sq. ft.
Tower B – 3,737 sq. ft.