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SHOPRITE BENONI - LEASE UNTIL 2022

AUCTION 19 APRIL 2016 @ 12H00

1. 8 year lease with Shoprite Checkers Pty Ltd until 31 August 2022, with 1% turnover clause
2. 4 sources of income - Shoprite, Price n Pride and MTN Tower and 15 residential apartments (1 head lease)
3. 2016 projected net income: R988 622 per annum
4. Average annual rental escalation of 8.25%
5. Significant upside with 2 000 m2 of vacant space (call centre, church, offices, training rooms, apartments)
6. Large corner retail building with GLA of 5 000m2 set on erf size of 2 083m2
7. Situated on busy Voortrekker Road on main taxi route in heart of Benoni CBD
8. Excellent street and signage exposure
9. 2 lifts in building recently repaired (R600K) and maintained by OTIS
10. Established company RMS Property Management in place


Features

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0
Title:
Freehold
Zoning:
Commercial
Sizes
Floor Size
5,000m²
Land Size
2,083m²
Extras
AUCTION 19 APRIL 2016 @ 12H00 Corner of Voortrekker Street and Princes Avenue, Benoni CBD. GLA: 5000M2 Annual Net Income: R952 644
 
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