Commercial - Retail for Sale in Parow Central

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.