AUCTION
CBD Retail Centre with Upside - Fund Disposal - On Auction - 22 May 2024
ON AUCTION 22 MAY 2024 - FUND DISPOSAL - CBD RETAIL CENTRE WITH UPSIDE
The subject property provides for an expansive retail centre situated in the busy central business district of Rustenburg. The property hosts a retail component (3 361m2) occupying the majority of the ground floor as well as a office component (2 966m2) occupying the first floor and approximately 700m2 of the ground floor that can alternatively be used as shops.
There are multiple shop spaces with a diverse tenant mix ranging from national to local businesses (Betfred, Tupperware, liquor store, dentist, attorneys, school and uniform shop amongst others).
The area hosts high foot and vehicular traffic volumes perfect suited for thriving retail business. Ideally the property host customer access from both Boom and Steen streets.
Key highlights:
- GLA: 6 327m2
- Erf size: 9 358m2
- Gross Income: +-R4 000 000 p.a.
- 60,27% Occupancy (rental income upside potential)
- High foot traffic volumes
- "Business 2" Zoning
- 63 Parking bays within enclosed yard
Features
Interior
Exterior
Sizes
Parking Bays
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