• 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

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!