Accepting Offers.
DESCRIPTION:
This prime property is situated in the hub of Hanover within walking distance and surrounded by the local community. This is the main shopping centre in the area which makes this a investment opportunity.
Net Annual Income – ±R1 909 941.00pa
Full rent schedule and recoveries available.
ANCHOR TENANT:
• Shoprite
• Rental – ±R144 703.00 pm
• Escalation 5%
• Been there since 2005
• Lease renewal 2032
• Pay all utilities on own account
• Shoprite busy appointing contractor for solar
TENANTS:
• 6 Line shops
• 1 Vacant – potential rental ±R14 000 pm
• 10% Escalation
• Rental – ±R38 844.00 pm
• Potential rental – ±R52 844.00 pm
• All pre-paid electricity
• Recoveries
DETAILS:
• Erf size: 3196m²
• Zoning: General Business 1
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
Property Address
Hanover Park, Cape Town, Western Cape
