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Massive Corner Property With Long Lease With Astron Energies
updated on May 12, 2025
POA

WEB REF: 727630

 
  • Price POA
  • LocationParow, Parow Central
  • Property TypeCommercial - Retail
  • Erf Size2608.0000 m2
  • Rates & Taxes R 0.00
  • Monthly Levy R 0.00
Description

Accepting Offers. DESCRIPTION: • Huge 2608m² property with buildings of about 1500 of GLA. • Selling with existing triple net lease with Astron Enegry from January 2018 - terms 15 plus 5 years at ±R 270 000pm or ±R3 240 000 per annum with an escalation of 8% • Municipal valuation of property is ±R16 000 000 • Market value of property ±R21 000 000 • Room to add more tenants • Rates, water, electricity and all maintance of the property is all paid by Astron Energy. • Projected income of remanding lease of 8 years: R40 206 452 incl VAT or R34 782 608 exl VAT More information will be supplied after signing a NDA NOTE: Astron spent R20 million revamping the site. DETAILS: • Erf size: 2608m² • Zoning: General Business 4 DISCLAIMER: The information supplied in the following advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.

Additional Features
      Property Address

      Parow Central, Parow, Western Cape

      Contact Agent(s)

      eMail Agent(s)