Sectional Title Retail for sale in Parklands

Property specifics:

• Area – Milnerton
• Zoning - General Business 2
• GLA - 448sqm
• 8 x Tenants - Tenants include a hair Salon, Dressmaker, African Kitchen
• 1 x vacancy
• 2 x bathrooms
• 109 parking bays in centre

 Income

• Net income is R35 000 per month/R420 000 per annum.
• Yield 10.5%

The property is situated on Parklands Main Road, Parklands. It has two entrances with the main entrance facing the main road for immediate exposure with a great number of spacious advertising areas to add sign boards.

The unit was constructed double volume with a mezzanine for an office or storage area. There are also 109 parking bays and ample off street parking with disability parking included.

Parklands is one of the fastest growing suburbs with Immediate neighbours including the Super-Spar Centre, Planet Fitness, Nedbank, Hi-Q and many other small regional centres.An added incentive is that a Pick ‘n Pay Hyper-market is due to open in the coming months which will add a lot of trade in the area.