Commercial - Retail for Sale in Mthatha

Description

Accepting Offers. DESCRIPTION: This prime shopping centre is in the heart of Mthatha in the Eastern Cape which is one of the busiest shopping centres in the area with high foot traffic. The centre is 90% occupied by anchor tenants with long leases which gives you a sound investment. • GLA - 5 360 m² • ±R22 388.00 per m² = ±R120 000 000 • One shop vacant – 77m² • Erf (Land Size) 5 482 m² • Net Income ±R11 mil pa • Return 10.5% • Vat entity – can zero rate the transaction • Amply parking SOME OF THE TENANTS: • McDonalds, Studio 88, Exact • Capitec, African Bank, Old Mutual Bank, Sanlam, • Debonairs, Hungry Lion, Skipper Bar, Chicken & Chips • Pep Cell, Street Fever, Dry Cleaners • Courier Guy • Boston City Campus, Nehawu, • Attorneys • Consulting engineers DETAILS: • Erf no: 2790, Umtata • Erf size: 5482m² • Zoning: General Business 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.