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Property Summary
- Title:Shopping Centre for sale
- Ref no:sky203
- Province:Gauteng
- Type:Commercial
- Area:Turfontein
- Price:R7,000,000
Property Images
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Property Details
| GLA (gross lettable area) (m2) | : 4,000 |
| Stand Size (m²) | : 6,000 |
| Gross Rental Income (R) (p.m) | : 74,575.00 |
| Zoning | : Commercial |
Property Information
4,000m2 Shopping Centre in Turfontein
Property description
The property is situated on a main road. Access is via Garden Rd and Turf Club St. Main structure is situated on the corner of the property facing the main road, the remainder of the property consists of a large parking lot and a residential dwelling in the bottom left corner.
- Area: Turfontein
- GLA: 4000m2
- Fully let
- Main rd frontage
- All tenants pay water, lights & refuse removal
- Escalations: 10%
Leases:
Midmare Liquor store:R25,000 p.m - Lease until Feb 2013
Friendly Grocer/Met Cash: R39,719p.m - Lease until Dec 2011
R&V Bearing: R9,856p.m - Lease until Dec 11
Operating costs:
Aprox: R25,000 p.m
Macro area analysis
The property is situated in Turfontein, a dense residential area bordering a substantial industrial node. The site is within close proximity to the N1 highway (*1,5km), Johannesburg CBD (*3,2km) and within metres of Historical Turfontein race track. The property is well connected to major arterial routes leading in all directions.
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