Accepting Offers.
DESCRIPTION;
Private Sale – RURAL RETAIL SHOPPING CENTRE
Income generating rural local retail shopping centre catering the Birch Acres region and the greater Kempton Park. This corner strip mall is a free-standing, single storey building with ample parking bays wrapped around and sizeable yard space for logistics operations.
Property Details:
• GLA: 2,459m²
• Occupancy level: 85%
• Yield range: 10,5% - 12%
• Income p.a: ±R2,74mill (excl. water & elect, incl. recoveries & VAT)
• Average escalation: 8% p.a
• Tenant Mix: Liquor store, Groceries Supermarket, Health & Fitness, Car Wash, Food Retailer, Corporate office
VAT applicable transaction.
Upside Potential: Refurb & Re-tenant
• Potential value additions or upgrades include security, ablutions, storerooms, solar panels on roof, advertising signage, to name a few
Claremart Advisory Department offers In-house Sales, Letting & Development services for developers or investors looking to capital flip, secure leases or fill their pipeline.
NDA's will be required for any financial or business disclosures. Exclusive Commercial Finance can be arranged.
Contact Sachin & Rob for more info or OTP.
DETAILS:
• Erf size: 5948m²
• Zoning: Business 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.
Property Address
Birch Acres, Kempton Park, Gauteng
