Property Overview
-
- Size:
- 34,574 sq ft / 3,212 sq m
-
- Usage:
- A1, B1, B2
-
- Sale Type:
- For Sale
-
- Rental Income:
- R1,200,000
-
- Property Type:
- Shopping Centers
- Showrooms
-
- Auction:
- No
-
- Development Opportunity:
- No
-
- Investment Opportunity:
- No
-
- Tenanted:
- Yes
-
- Energy Rating:
- N/A
General Summary
Low maintenance retail outlet with tenant and long lease in place
ERF SIZE: 3212m�
GLA: 2050m�
PARKING AREA: 1600m�
ZONING: BUS 1
ELECTRICAL: 3 PHASE & GENERATOR
This large face-brick warehouse type retail outlet is centrally situated in a business hub, surrounded by offices, shops, automotive showrooms and suburban shopping centres. The tenant is a well-known favourite and has been trading successfully in the city for 19 years. The building is in good condition with new air-conditioners having recently been installed.
OCCUPATION DATE: January 2009
PERIOD OF LEASE: 5 years
ESCALATION: 9%
R/m�: R47.
Net Annual Income: R1 128 720.
RETURN ON CAPITAL: 10.9%
A really good opportunity in a fast expanding suburb!