Commercial - Retail for Sale in Athlone

Description

Accepting Offers. This property is situated in the hub of the retail part of Athlone which makes this property a prime retail centre for the community. This is a great solid investment with Shoprite as the anchor tenant and Shoprite “owning” the market share in the area. TENANT: • Shoprite • Shoprite pays for cleaning and security • Lease renewal – 2031 • Lease escalation – 7% • GLA – 3832m² • Shoprite – 2982m² • 78% occupied • GLA Vacant – 850m² of office space • Net income – ±R5 086 094 • Net yield – 8% • Solar Infrastructure: 183 kW solar plant • VAT entity – zero-rate the transaction UPSIDE TO INVESTMENT: • 850m² to rent out – extra income • Current market-related rental – R140 per/m² DETAILS: • Erf no: 163073, Cape Town • Erf size: 1937m² • Zoning: Mixed Use 2 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.