Commercial - Retail for Sale in Faerie Knowe

Description

Description: Calling savvy investors! This rare opportunity does not come around often. Secure this fully tenanted shopping centre today. Sunnyacres Shopping Centre is well-positioned on busy Kommetjie Road. The shopping centre lends itself to a wide catchment area which reaches areas such as Kommetjie, Sunnydale, Ocean View, Noordhoek, Masiphumelele, Scarborough and more. The shopping centre boasts national tenants such as Foodzone, Tops (Spar) and others including ATMs. This opportunity also lends itself to add further value by means of adding a drive through fast food and other national fast food franchises. This will extract further value, increasing the rent roll and ultimately increasing your ROI. Currently ± 10% nett return. INCOME & EXPENSE FOR SUNNYACRES SHOPPING CENTRE: BUILDING A – 8 Kommetjie Road, Noordhoek - ERF 4103: • Erf Extent: 7177m² • TOTAL INCOME: R218 420 per month OR R2 621 040.00 per annum. BUILDING B - Lekkerwater Road, Noordhoek - ERF 4339: • Erf Extent: 2584m² • TOTAL INCOME: R124 552 per month OR R1 494 624 per annum. TOTAL INCOME FOR SUNNYACRES SHOPPING CENTRE: • Erf Extent: 9761m² • TOTAL INCOME: R342 972 p.m. OR R4 115 664 p.a. • TOTAL EXPENSES: R65 221 • YIELD: ± 10% nett return. COMBINED EXPENSES FOR SUNNYACRES SHOPPING CENTRE (Building A & Building B): • ESTIMATED EXPENSES: ± R65 221 • Municipality accounts: ± R20 374 • Security: R20 500 • Admin staff: R15 000 Details: • Erf No (Extent): 4103 (7177m²) • Erf No (Extent): 4339 (2584m²)