Blue-Chip Township Retail Centre
This is your opportunity to own a successful and highly profitable township retail centre! This property has a GLA of 6,348m2 and an ERF of 12,297m2 and is zoned as Business 1, with a maximum height of 3-storeys and maximum coverage of 60%.
It boasts a blue-chip anchor tenant in Shoprite Checkers, with eight years remaining on their lease – set to expire at the end of November 2031 and an escalation of 5.3%. Shoprite Checkers occupies 2,180m2 of the property’s GLA and contributes 34.4% of base rental income. Other current tenants include KFC, OK Furniture, Pep, Ackermans – all successful, household-name brands.
This property offers investors a projected net annual income of R9,666,028
Our thoughts on this property
A comment from Anthony Khoury, Property Broker for Galetti Auction on this property: “The projected net rental income on this well-maintained retail hub is immense and offers investors the opportunity to capitalise on a growing market, with blue-chip tenants ensuring a constant stream of foot traffic.”
Registered Owner: Firefly Investments 286 (Pty) Ltd
Registration Number: 2014/253337/07
VAT Registered: Yes
Want to place your bid? Register to join us at our not-to-be-missed auction on 31 May 2023! The auction starts at 12pm at Katy’s Palace, Kramerville.
