Location! Secunda cbd! Location!
This extensive commercial property is located in the center of the Secunda CBD, which enjoys high traffic volumes, great main road exposure, and the benefit of being surrounded by well-established businesses. The Sanlam Plaza falls within the Secunda Plaza Hub.
Secunda is known as an industrial and commercial center and is easily accessible via a network of main routes that allow easy access to all surrounding suburbs which includes the R546 and N17 highways.
The CBD of Secunda is a thriving commercial and business hub and is well supported by local businesses and patrons. The CBD services the local occupants and the populations of the many surrounding towns, i.e., Bethal, Trichardt, Secunda, Evander, Kinross, Leandra, Embalenhle, etc.
The Sanlam Plaza
Building boasts a basement area with storage and parking, a ground floor area with lettable units for retail shops/takeaway outlets/restaurants and/or office spaces, and a first floor with offices and 12 en-suite guestroom units and a large open space (undeveloped).
Rental
There are currently 16 of 18 units occupied with a monthly income of ±R221 342.47 in addition to Levies collected of approximately R62 141.53pm (variable). The levies include the water, refuse, and sewerage costs and are variable.
There is a large portion of the 1st floor of the building that is not being utilized, which can be developed to increase the lettable area. This area can potentially become:
Educational / Training Centre
Professional / Attorney’s Office
Call Centre
Showroom
Document Storage Space.
Medical Suites
The building has an elevator from the basement to the 1st floor and a 75kVA generator. The building has basement parking, a delivery, and loading bay.
This is an excellent investment opportunity with ample business opportunities for an investor. The building has excellent exposure with high traffic volumes. Situated in the center of the CBD, on Taxi Route and Bus routes, there is a very high volume of foot traffic and exposure.
All Uses are subject to Zoning Permitted Uses / Applications for additional Permitted Uses.
Upside
The current combined monthly gross rental income for the building is ± R283,484.00 p/m but has the potential to be much higher when fully let. There are an additional 2 units that are currently vacant.
In addition, there is a large portion of the 1st floor of the building that is not being utilized, which can be developed to increase the lettable area.
** Information Pack available on request **
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