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2,000m² Retail For Sale in Orange Grove, CL34534

JULY AUCTION | Retail | Auction


Retail Opportunity - On Auction - 11 July 2024

The subject property is a three storey commercial property offering multiple leasing spaces.

Only the ground floor is vacant which was tenanted by the major retailer Shoprite a couple of years ago (measuring approximately 1 000m2). This provides for the perfect opportunity for either a business to occupy this prime space or for an investor to take advantage of the rental upside.

The second and third storeys are fully occupied by 3 individual tenants.

The property enjoys dual access points from both Louis Botha Avenue and 2nd Street. The ground floor ideally provides access right onto Louis Botha via a roller shutter door and vehicular access is provided to the two brick paved parking yards from 2nd Street.

Highlight features:

  • GBA: +- 2 496m2
  • Monthly Rental income: +- R27 826 (ex. VAT)
  • Rates: R5 955 p.m.
  • 22 Open parking bays
  • 4 prepaid meters recently installed
  • Generator included
  • Goods lift (2 500kg)
  • Cold storage rooms
  • Parking
  • Duel access
  • High exposure onto the busy commercial corridor of Louis Botha Avenue

Please contact me for more information.

Map Details