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R 9 500 000 (552 325 EUR*)

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5
0
± 1520 m2
± 1062m2
R 7977  / m

Shopping Center for sale Somerset West

For sale as a going concern shopping center on Main Road. The centre has 5 retail outlets with 4 tenants. (One tenant has 2 outlets.) Most tenants are of a very good quality and have been in occupation for many years. Three of the tenants have been in occupation for 11, 12 and 15 years respectively. The sizes of the retail outlets are: 590, 150, 102 and 220m².
Current rental income ±R88 088 per month. Net rates of ±R6 034. Net income ±R75 307.
It is possible to add additional value to this property.

  • Landlord recovers all water, refuse, sewerage, CID and some rates. Tenants pay electricity.
  • Insurance: R747 per month.
  • The roof and side cladding was replaced approx 7 years ago.
  • To view and obtain further information please contact Avron on 083 261 5048.


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