MONATI TAVERN, Retail Centre, MONATI TAVERN, Retail Centre - Retail Space For Sale in Boksburg
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Listing Details
R 6 299 748
Asking price
Rate
R8333 / m²
Size
756 m²
Address
141 Commissioner St, Boksburg East Industrial, Boksburg, 1478, South Africa
Area
Boksburg
This investment opportunity obtains an average occupancy rate of 60.98%, a total Gross Lettable Area (“GLA”) of 756 m2, an estimated Net Operating Income (“NOI”) and historical NOI yield of R 260 000 and 4.18% (or 5.90% if fully occupied), respectively, all for a combined purchase consideration of R 6.30 million. It is a multi-tenanted commercial asset operating at...
This investment opportunity obtains an average occupancy rate of 60.98%, a total Gross Lettable Area (“GLA”) of 756 m2, an estimated Net Operating Income (“NOI”) and historical NOI yield of R 260 000 and 4.18% (or 5.90% if fully occupied), respectively, all for a combined purchase consideration of R 6.30 million. It is a multi-tenanted commercial asset operating at competitive market rentals secured by long term leases whereby current leases are all expected to expire in 2024.
This asset is well positioned on the busy road of Commissioner St whereby the current tenant mix, which consists of a betting shop, a tavern and takeout and grocery style eatery, attracts high foot traffic.
Amenities
Location
Building
Feature
Details
Standalone
In Park
Natural Ventilation
MONATI TAVERN, Retail Centre141 Commissioner St, Boksburg East Industrial, Boksburg, 1478, South AfricaBoksburg
This well positioned retail centre already tenanted is now available for purchase in Boksburg East. This building is situated on a main road with plenty of road exposure for your business and tenants alike.
High traffic flow retail park ideal for investment purposes included with rentable flatlets upstairs.
There is ample parking available for patrons and customers, huge investment opportunity here.
Alessio Lo Giudice
Leasing specialist
Alessio Lo Giudice is your broker for Boksburg. Get in touch to arrange a viewing or discuss lease terms.