2,000m² Retail For Sale in Orange Grove, CL34534

Einzelheiten

Retail Opportunity - On Auction - 11 July 2024

The subject property is a three storey commercial property offering multiple leasing spaces.

Only the ground floor is vacant which was tenanted by the major retailer Shoprite a couple of years ago (measuring approximately 1 000m2). This provides for the perfect opportunity for either a business to occupy this prime space or for an investor to take advantage of the rental upside.

The second and third storeys are fully occupied by 3 individual tenants.

The property enjoys dual access points from both Louis Botha Avenue and 2nd Street. The ground floor ideally provides access right onto Louis Botha via a roller shutter door and vehicular access is provided to the two brick paved parking yards from 2nd Street.

Highlight features:

• GBA: +- 2 496m2
• Monthly Rental income: +- R27 826 (ex. VAT)
• Rates: R5 955 p.m.
• 22 Open parking bays
• 4 prepaid meters recently installed
• Generator included
• Goods lift (2 500kg)
• Cold storage rooms
• Parking
• Duel access
• High exposure onto the busy commercial corridor of Louis Botha Avenue

Please contact me for more information.