Prime, free-standing facebrick retail property with excellent street exposure, located in the vibrant industrial area of Technikon, Roodepoort. Less than 2 km away from Westgate Shopping Cente, Ontdekkers road and Roodepoort CBD.
Situated opposite Randcon Paints and next to Jumbo Supermarket.
The property has been used for retail purposes for over 25 years and has been leased by CTM, Shoe City, Tile Trend and National Tile Traders.
The property is also two doors down from Roodepoort Home Affairs and the Labour Department, which are key public landmarks in the area visited by many people daily, adding to the visibility of the property.
With its ample on-site customer parking, it is one of the very few properties in the area with the size and layout required for retail or public ativities.
SIZE: The entire stand is 2,737 m2 in size. It comprises a total area under roof of around 1,300 m2 and a fully paved yard and parking area of around 1,250 m2.
ZONING: Industrial 1
COVERAGE: Permitted coverage is 85% with height of 3 storeys allowed, therefore additional coverage of around 1,000 m2 under roof single storey can still be built on the property.
This can be further increased if multiple storeys are built.
Current gross rental payable by the tenant is R57,029 per month excluding VAT and consumables, with a total projected tenant income of around R4.54 Million over the 5 year lease period.
SELLING PRICE: R5.8 Million plus VAT