Retail Space Palm Grove Centre, Durbanville

An exceptional retail space has become available at Palm Grove Centre. The space offering is located at a high foot traffic area with direct access from the road and parking area. This well-positioned space offers prime opportunity for businesses seeking a strategic retail space to rent in Durbanville.

The Premises:

• Shops 1-4: This spacious open plan white-boxed unit provide approximately 470m² of versatile floor area, allowing for various business configurations.
• Proposed Rental: R175.00/m² at R82,250.00 per month (excluding VAT and other billings).
• Other Billings: In addition to the base rent, tenants are responsible for electricity, water, refuse, sewerage and rates.
• Lease Period: A secure 3-year lease will be required to secure the space.
• Beneficial Occupation: One month beneficail occupation with be granted for the fit-out of premises.

Financial Considerations:

• Monies Payable: Tenants are required to pay the lease fee, utility deposit and rental deposit.
• Deposit: The total amount equals to 3 months rental plus 15% based on the billings of the final year of the lease.
• Tenant Installation Allowance: The landlord generously provides a tenant installation allowance of R 246,750.00 (excluding VAT). This allocation supports the tenant’s fit-out costs, calculated at one month’s rental for each year of the lease (3 Year lease).

Additional Information:

• Turnover Percentage: A reasonable 5% turnover provision is applicable.
• Special Conditions: Prospective tenants must submit 3D renderings or pictures showcasing their recent fit-out specifications, including internal fixtures, product displays, and both internal and external signage.

At Palm Grove Centre, you’ll find a dynamic environment that fosters business growth.

Contact us today to arrange a viewing and secure your place in this thriving commercial hub. Professionalism, convenience, and strategic location await!