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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