LOCATION! LOCATION! LOCATION! – RETAIL / WHOLESALE / STORAGE
This property is located in the center of the Edenvale CBD, which enjoys high traffic volumes, great main road exposure, and the benefit of being surrounded by well-established businesses.
Edenvale is easily accessible via a network of main routes that allow easy access to all surrounding suburbs which includes the R24 and N12 highways.
The property consists of a double-story commercial building that is zoned for Business 1 and is currently a Retail Centre & Restaurant with excellent investment potential with ample business opportunities for the idealistic investor. The building has excellent exposure with store frontages.
The ground floor comprises of four separate large retail / wholesale outlets with ablution and office areas. The configuration of the shops can be adjusted to suit the requirement of the tenant. The first floor of the shops have large spaces upstairs with bathrooms, kitchen and offices. There is also a Restaurant on the first floor with a separate entrance.
The restaurant has been customized for its use with modern finishes. It consists of an inside area with an allocated bar area and stage, an outside terrace, an industrial kitchen, ablution facilities, storage, office and canteen. The restaurant is accessed through a separate staircase on the side of the building.
There are ample open parking bays in front of the building for customers.
The building has a delivery and loading bay at the back of the property via 8th Avenue.
Potential uses include:
• Package Handling & Collection Point (Takealot)
• Wholesale & Storage
• Warehouse
• Training Centre
• Church
• Auction Venue
• Showroom
All Uses are subject to Zoning Permitted Uses / Applications for addition Permitted Uses
PROPERTY DESCRIPTION:
Retail Shops
• 4 Retail Shops
• Large Showrooms
• Office Space
• Kitchen
1st Floor
• Repairs / Workshop
• Storage
• Offices
• Bathrooms
Restaurant (1st Floor)
• Inside Dining Area
• ShisaNyama Terrace
• Outside Dining Area
• Industrial Kitchen
• Offices
• Canteen
• Stores
• Bathrooms
• Separate Entrance
Rent Income
The combined monthly rental income for the building is ±R104,000.00pm. Each tenant has pre-paid electricity and pays for their water consumption.
Pre-Paid Meters
The tenants top up theie electricity meters through a pre-paid service provider, which in turn pays the seller out at the end of each month, and the seller settles the electricity account with the municipality.
Copies of leases available on request.
Rates & Taxes: ± R9,483.72 p/m
