Commercial Investment property. Boksburg East Industrial


Property Description

This property consists of 784m2 GLA and is situated on a corner stand 2000m2. The property consists out of the following:
Shop 1 – Café, Supermarket 220m2 Rental Income R11348. Lease expire on 28 Feb 2024.
Shop 2 – Tavern 92m2 Rental Income of R6500. Lease agreement signed for 3 years up to 30 April 2024. His liquor license is approved. He will be paying rent from May. This is the same tenant that is renting the Café.
Shop 3 – Phumelele Gaming (Tab) 152m2, Rental Income of R13478. Lease renewed for one year.
Shop 4 – 75M2 – Vacant. Presently advertised for R7000.
Vacant area on first floor – 312m2 – Leased signed for 3 Years up to 28 Feb 2025. Year one R8000, Year 2 – R8640, Year 3 – R9331.

Rental rates exclude Vat,
All the shops have their own ablutions. There also yard space on the side and at the back that is shared between the tenants. The property has an open tarred parking area. There is a separate power and water meter for each shop
The property is surrounded by Industrial properties and is very close to the Rental rates large Unilever plant, therefor for the tenants the business will be excellent.
The seller is Vat registered the and the purchaser to it can be sold as a going concern therefor transfer duty will be Zero Rated.
The property is very centrally located and other nearby amenities are Unilever, Tiger Brands, Adendorff Tools, Dunswart Industrial area, Boksburg High, St Dominique’s, and Voortrekker Secondary schools.

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