When does the current lease end?
The current Lease Agreement ends 30 JUNE 2020.
There is an option to renew for 2 years (1 July 2020 - 30 June 2022)
What is the annual escalation %?
The escalation rate is 8% per annum.
What are the trading hours?
09:00 - 21:00
7 days a week. 365 days a year.
What is the square meters of the business?
92 sqm for the store
16.9 sqm for the store room (separate lease)
Who is the Owner/Landlord?
V & A WATERFRONT HOLDINGS (PTY) LTD
Is a copy of the lease available?
Yes, there is a copy of the Lease Agreement and would be made available during the due diligence period.
Do you require a licence?
No licence required.
What lease deposit and/or other surety is required?
Lease deposit for the shop: R 174 638
Lease deposit for the store room: R 8 600
(Or Bank guarantee)