Listing Details

Retail Centre now available to purchase

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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.

Building Description

This well positioned retail centre already tenanted is now available for purchase in Boksburg East. This building is situated on a main road with plenty of road exposure for your business and tenants alike. High traffic flow retail park ideal for investment purposes included with rentable flatlets upstairs. There is ample parking available for patrons and customers, huge investment opportunity here.