R17 500 000 | Commercial Property For Sale in Boksburg, Boksburg

WELL KNOWN AND POPULAR NEIGHBOURHOOD CENTER !

BOASTING WITH A SHOPPING CENTER COMPONENT ASWELL AS 26 RETAIL OUTLETS ! (x2 STANDS)

AMPLE OPEN PARKING AREA WITH A CAR WASH COMPONENT !

UNUSED PERMITTED BUILDIING AREA - BULK SERVICES AREA 2000SQM

CURRENTLY SERVICING THE LOCAL COMMUNITY - WITH A MASSIVE NEW HOUSING DEVELOPMENT UNDER WAY (JUST 170m AWAY) - OF 3500 HOUSES, SCHOOLS AND A IN THE PIPELINE ! (SERVICES BEING INSTALLED PRESENTLY)

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• LOCATED ON A DOUBLE STAND:
• ERF 1: 4150SQM WITH A GLA OF 2100SQM
• ERF 2: 8874SQM WITH A GLA OF 3200SQM


• Potential and Current Income:
• Supermarket
• GLA 2100sqm @ R50 R1.2m pa
• - Currently there is a Independent Supermarket utilizing 50% of total floor space (recent 5yr lease at R36 000pm)
• Aprox 1100sqm still available to Let.


• Retail stores (25 Units)
• GLA 3200sqm @ R60 R2.3m pa
• - Currently x 1 Store Vacant
• - Total monthly Income 24 stores only R215 000pm


• Fully Let Operating Expenses R1.1m pa
• Less 10% Vacancy
• Potential Net Income per annum R2,5m pa


• Municipal Expenses - Current:
• R36 000pm (excl recoveries)


• Total Current Gross Income (incl recoveries) R215 000pm
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• ENDLESS POSSIBILITIES:
• Opportunity to Increase current yield with many options i.e:


• 1. POSITION THE CENTRE to provide for BASIC needs of the community: AFFORDABLE FOOD,
• AFFORDABLE SPECIALIST SERVICES or
• AFFORDABLE ACCOMMODATION.


• 2. INCREASE THE GROSS LETTABLE AREA of the property with new shops or alternatively apartments – THERE IS AMPLE SPACE FOR THIS !


• 3. Provide destination services that SUPPORT THE MEGA
• HOUSING PROJECT residents.


• Ekurhuleni approved and announced the new Mega Housing Project -Van Dyk Park Ext 2
• Featuring High, Medium and Low- Density Housing just 170m from this Super Market location !
• A massive Increase in demand from Shoppers and Tenants is expected
• Water pipe infrastructure being installed presently, roads will follow.


• The Savvy Investor will seize this opportunity and unlock its
• Incredible potential !


• ****************** Price Excl VAT ***************************


• Call us TODAY to discuss this opportunity and for more details.