Description

Accepting Offers. DESCRIPTION: Calling All Developers – Proposed A-Grade Retail Shopping Development. This high-density rural retail shopping centre aims to cater to the greater township community. The developer has invested significantly to get the site ready for shovelling, much of the leg work has been done over past 5 years. Located within walking distance of Orlando BRT & PRASA station, Orlando Police station, Orlando Stadium, and key public transport hubs. Proposed Development: • Development lease in place with COJ supporting development precinct. Council Approval in place. • Tenant LOIs – Pick n Pay, PEP, Mr Price, Clicks, Capitec, Chicken Licken (drive-through), to name a few. Prior LOIs include McDonalds, KFC, and SPAR. • Estimated GLA 5,799m² • Estimated Bulk Area 18,134m² • Parking on site – 161 bays • Total dev cost estimate c.R80mill excl VAT (as per QS report & independent analysis) • Total projected gross income ±R17.76mill per annum (Year 1) and ±R35.5mill (Year 10) • Total projected net income ±R9.89mill (Year 1) and ±R19mill (Year 10) • Construction period ±24months • Estimated footfall year 1 – 150,000 customers per month • Profitability (free cashflow) from year 2 projected • NPV assuming 10% discount rate & 8% escalations = ±R34.9mill (30 years) and ±R46.7mill (50 years) • Value Adds – rooftop solar panels, integrated rainwater harvesting systems, waste management programmes • Completed due diligence in place: CAD drawings, Environmental impact study, Market research & Demographic reports, Traffic impact assessment, Geotech report, Town planning & Engineering reports, etc. Claremart Advisory Department offers in-house sales, letting & development services for developers or investors looking to capital flip or secure leases or fill their pipeline. Signed NDA required for any business disclosures & financial information. Exclusive Commercial Finance can be arranged. View At Leisure. Contact Sachin & Rob for more info or OTP. DETAILS: • Erf size: 409m² • Erf size: 400m² • Erf size: 400m² • Erf size: 6732m² • Zoning: 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.