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Annual turnover

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  • Mandate: 34926
  • Added: 30 Sep 2021
  • AFS
  • 536

Retail Property with Stable Tenants

North West, North West
536
Mandate 34926
Added 30 Sep 2021
R 17,500,000* ZAR
Stock: R 0
Assets: R 17,500,000
R 134,709 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

This is a quality retail property in sough after area

Retail Property with Stable Tenants
SELLING PRICE AFS
R 17,500,000* ZAR
Stock: R0
Assets: R17,500,000
R 134,709 ZAR
Summary

This is a quality retail property in sough after area

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Property Description
This is a retail property with above 80% occupancy rate in sought after and quality development area in Klerksdorp.

Property Size
The total property is at 3,382 square meters with retail area, excluding walkways at 1,284 square meters. The total shops in the current configuration is at 17 shops. This includes parking area for 50 vehicles.

Tenants Overview
There is a mixture of tenants in the building, each with very neat and quality outlay attracting quality shoppers. The rental payments range between R100 to R120 per square meter

What is the reason for the sale?
Owner retiring

Why is this property a good investment?
Sought after area, quality tenants, good occupancy rates

What is the asking price?
The total price is at R17,5m (Excluding VAT where Applicable)

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AGENCY DETAILS

Aldes Potchefstroom

1 members
41 mandates
North West , Potchefstroom
Mia Meent Unit 3 6 Fick Street Potchefstroom
Potchefstroom

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