Refurbished Investment property For Sale - Centurion CBD

Large Commercial Property For Sale that has been newly refurbished in Centurion.
Highly Visible Location:
The property is situated on the north-eastern corner of the N1/ John Vorster Drive interchange and can't be missed while driving along the Highway or while being transported via the Gautrain.
Land Size:
The property is 5729 m² in extent.
Building Size:
The building is 3833 m² in extent.
Consisting of:
1. Basement - 1271 m² in extent which is currently being let out;
2. Ground Floor - 1281 m² in extent which is currently being let out;
3. First floor - 1281 m² in extent which is currently vacant
In addition the property boast 127 parking bays.
Present land use rights
Zoning:
The property is commercially zoned and the following land uses are permitted:
Cafeteria
Commercial uses (means land and buildings used for distribution centres, wholesale trade, storage, warehouses, telecommunication centre, transport depot, laboratories, computer centres and may include offices, light industries and caretakers flat, which are directly related and subservient to the main commercial use.)
Funeral Undertaker
Parking garage subject to Schedule 10
Parking site subject to Schedule 10
Retail Industry (means, inter alia, catering, a confectionary, dress-making, and tailoring, engraving, instant printing and copying, jewellery manufacturing, photographic processing, picture framing, key cutting and screen printing; as well as the servicing and repair of air conditioners, audio equipment, basket ware and cane furniture, canvass goods and tents, bicycles, electronic equipment, domestic equipment, leather-works and shoes, office equipment, television and video equipment, upholstery, watches, weighing machines and window blinds, but does not include a Light Industry.)
Showroom.
Consent use
In addition to the above-permitted land uses, in 1995 consent use for the following land uses with certain area restrictions was approved:
Betting agency
Tattersall's
Place of amusement
Restaurant
Sports bar
Conference facilities
Sport and Recreational club

Read More Read Less

Main Property Features

Listing Number: NVB88942

Floor Area:
3800 sqm
Land Size:
6000 sqm
Property Type:
Warehouse, Carpark, Other (Showroom & Entertainment), Retail
Property Features:
Building Name: 31 Kwarsiet
Bathrooms
  • Description: 10
  • Includes: In Unit
Parking
  • Uncovered: 127
  • Total Carparks: 127
  • Truck Access: Interlink
  • Includes: Secure Parking, Single Parking, Double Parking and Visitors Parking
Outside Areas
  • Number of Outside Areas: 3
  • Includes: Balcony
Nearby Public Transport:
Minibus Taxi, Train and Bus
Internet Access:
Fibre
Roof:
Galvanised Steel, Zinc and Concrete
Property Details:
Natural light, Standalone Building, Generator, Wheelchair Accessible, Tenanted Investment
Commercial information
  • Height of Roof (m): 4
  • Power Description: 300 AMPS
  • Power Availability: Three Phase
Tenure:
Freehold
Tenancy:
Total rental if more than 1 tenancy R (+ VAT) : 17760000, Additional Details: Application for rights to council have been lodge, roof advertising Estimated annual income R300,000 or R40,000 per month. Addition to that another application has also been lodge for a Cell Phone Tower with a Further R5,000 per month income.
Tenancy 1:
Area Sqm: 1271, Commencement Date: 01 March 2019, Expiry Date: 29 February 2024, Rental net/gross p.a.: 800000, Rights of Renewal: Yes, Tenant Name: Crossfit Radium, Term (years): 5
Tenancy 2:
Area Sqm: 1283, Commencement Date: 01 July 2019, Expiry Date: 30 June 2021, Rental net/gross p.a.: 1200000, Rights of Renewal: Yes, Tenant Name: Liquidation Warehouse
Tenancy 3:
Area Sqm: 220, Commencement Date: 01 July 2019, Expiry Date: 30 June 2020, Rental net/gross p.a.: 96000, Rights of Renewal: Yes, Tenant Name: SP Karate, Term (years): 2
Read More Read Less

Your enquiry has been sent. Thank you.

Harcourts Maritz

182
Koedoe Street
Wierda Park
Centurion
Office website or View office details

Property Location