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| Properties found |
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| Province |
Eastern Cape |
| Area |
Port Elizabeth |
| Suburb |
Central |
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Search Results for Central, Port Elizabeth, Eastern Cape, South Africa |
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Showing Properties 1 to 3 of 3
(Click on image for details of this listing)
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(Click on image for details of this listing)
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(Click on image for details of this listing)
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| Your Reference: |
5505 |
| ZAR: |
10,400,000 |
| Property Type: |
Commercial |
| Port Elizabeth: |
Central |
LONG LEASE TENANT -
Low maintenance retail outlet with tenant and long lease in place
ERF SIZE: 3212m²
GLA: 2050m²
PARKING AREA: 1600m²
ZONING: BUS 1
ELECTRICAL: 3 PHASE & GENERATOR
This large face-brick warehouse type retail outlet is centrally situated in a business hub, surrounded by offices, shops, automotive showrooms and suburban shopping centres. The tenant is a well-known favourite and has been trading successfully in the city for 19 years. The building is in good condition with new air-conditioners having recently been installed.
OCCUPATION DATE: January 2009
PERIOD OF LEASE: 5 years
ESCALATION: 9%
R/m²: R47.
Net Annual Income: R1 128 720.
RETURN ON CAPITAL: 10.9%
A really good opportunity in a fast expanding suburb!
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Showing Properties 1 to 3 of 3
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