A well maintained "Business 3" mixed use property located on main road in Factoria with high foot traffic and visibility. This site comprises of a mixture of existing mixed use tenants which currently generates a monthly income of R57,784. The centre is fully let out with the breakdown of areas and sizes as follows:
A- 97m2
B+C - 150m2
CP-D1 - 120m2
D- 80m2
E - 540m2
F - Ft - 460m2
G-G1 - 126m2
G1- 14m2
H- 54m2
Total GLA: 1,610m²
Total ERF/Stand Size: 2,735m²
Per Square Meter Rate: R2,608
Net Annual Income: R 424,802.52
Net Yield: 10%
The property offers a wide range of mixed uses ranging from offices, storage, warehousing, workshops and retail shops, with special consent from council you could also broaden the uses to the following: Place of Public
Worship, Place of Instruction, Place of Amusement, Social Hall, Public Garage, Filling Station, Parking Garage, Service Industry and many more.
This property would appeal to either an investor or owner occupier, current leases with existing tenants are flexible.
The Sale is not subject to VAT, Transfer duty will apply.
To view this prime property feel free to contact me directly.
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