Aerial Photo

Tenant Mix

Anchor Tenant 1

Anchor Tenant Facilities

Anchor Tenant 2

Covered Walkways

Post Office Boxes

Cellphone Tower

Parking Area

Shoppers Parking

Parking Area

Large Suburban Shopping Centre with Stable Tenant Base.

This large suburban shopping centre has a mixed, largely stable tenant base generating a stable income stream with low overheads. The centre is designed in a horse shoe and allows all tenants excellent exposure, with approximately 60 open parking bays. Location is close to schools and the N3 highway. Immediate surrounding area consists of residential homes and townhouse complexes.
All tenants have 1 - 3 year leases in place with annual escalations between 5% and 7%. Most of these have been renting for 3 years and longer. Tenants include Kwikspar and Tops Bottle Store, SAPO, Restaurant/Pub, Take-aways, Hairdresser, etc. There is also two ATM cubicles, post boxes and a cellular phone tower.

Total lettable area is calculated at 2,200m2. This excludes public toilets, walkways and other public areas. Condition of the buildings are very good and maintenance is up to date.
All major highways such as N3 and N17 are close by. The Rand Airport is 2,7km away and the N17 and N3 Highways are easily accessible.
Please call without delay as this versatile property will not remain long.

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Main Property Features

Listing Number: CAH33797

Floor Area:
2847 sqm
Land Size:
5815 sqm
Property Type:
Retail
Floor Area
  • Retail Square Metres: 2200
Property Features:
Shopping Centre with 12 seperate tenants and steady income stream. Well established and known in the area. INcludes two ATM cubicles and post boxes., Building Name: Tassos Centre, Number of Floors: 1, Level Number: 1
Kitchens
  • Description: Individual Shops have kitchens
Bathrooms
  • Description: Shops have toilets inside
  • Includes: Communal
Parking
  • Uncovered: 60
  • Carport: 4
  • Total Carparks: 70
  • Includes: On Street Parking
  • Truck Access: Small Trucks
Outside Areas
  • Number of Outside Areas: 1
  • Description: Covered walkway around centre, in front of shops
Nearby Public Transport:
Bus and Minibus Taxi
Internet Access:
ADSL
Roof:
Flat and Iron
Property Details:
Multi-Tenanted, Tenanted Investment
Commercial information
  • Gross Lettable Area Sqm: 2200
Tenure:
Freehold
Tenancy 1:
Area Sqm: 2200, Rights of Renewal: Yes, Tenant Name: Various, Term (years): 1-3 Yrs
Tenancy 2:
Rights of Renewal: Yes
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Harcourts Blue

Block 1, 1st Floor
23 Frank Road
Bardene
Boksburg
Office website or View office details