Accepting Offers.
DESCRIPTION:
This prime retail property is situated in the hub of sought-after Paarl and that’s why Shoprite has chosen this location to have one of its stores. Situated along the busy Klein Drakenstein Road, ensuring high visibility and foot traffic makes this the ideal location for Shoprite to choose. DON'T MISS OUT ON THIS GREAT TENANTED AAA INVESTMENT.
• 2600m² of Spacious retail area
• Current tenant is Shoprite with a lease in place till 2028 with renewal.
• Rental income - R169 418.00 pm excl vat
• Shoprite has been here since 2004
• Electricity is in Shoprite's name and for their account
• Sellers pay rates, water & insurance - R18 030.00
• Vat entity - can zero rate the transaction.
• Ample parking for shoppers
• Easy access from Main Road
• Surrounded by the vibrance of mixed commercial and residential
• Well-maintained facilities with modern amenities to support the business operations.
• Escalation is linked to CPI, minimum 6%
DETAILS:
• Erf no: 6945, Paarl
• Erf size: 2 608m²
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 Auctioneers. Bidders must conduct their own investigations prior to bidding.
Property Address
Amstelhof, Paarl, Western Cape