Retail Space MONATI TAVERN, Retail Centre, Boksburg

This investment opportunity obtains an average occupancy rate of 60.98%, a total Gross Lettable Area (“GLA”) of 756 m2, an estimated Net Operating Income (“NOI”) and historical NOI yield of R 260 000 and 4.18% (or 5.90% if fully occupied), respectively, all for a combined purchase consideration of R 6.30 million. It is a multi-tenanted commercial asset operating at competitive market rentals secured by long term leases whereby current leases are all expected to expire in 2024.

This asset is well positioned on the busy road of Commissioner St whereby the current tenant mix, which consists of a betting shop, a tavern and takeout and grocery style eatery, attracts high foot traffic.