Invest in a feasible operational investment yielding retail shopping centres in a town within the Wi
18
Ref. No - BFS00437
South Africa, Western CapeRef. No - BFS00437
Sector - Property
Summary
This well known retail store in this ever growing historical town offers a mixed use product offerings to all the supportive clients in the area and visitors (throughout the year)
It is fully let and consists of a national anchor tenant, plus 5 retail shops and an onsite rented house
The gross lettable area is 1585 square meters in extent, situated on an erf of 2057 square meters
The anchor tenant supply all the necessary products to its clients, and for the clients that cannot shop onsite, an online delivery system is in place to deliver the required products to the doorstep of its clients
The shop is very visible to all visitors, has a stable stream of income, and has multiple streams of income which is very positive not relying on one income basis
The hours are 07h00 daily to 17h00, so there is a possibility to open it longer hours
Give me more informationHow long has the business been established?
Since 2010
What is the zoning of the property and what can be developed thereon?
Business and residential
Are there building plans available?
Yes
What is the erf size and the size of the buildings?
See above
Is the business VAT Registered?
Yes
The NP (EBITDA) per annum is R2,24 million
Selling price
R25,5 million
This gives a buyer a ROI of 8,79% per annum, which is higher than the average ROI in the Western Cape of 7%
Note- full information will be supplied to qualified buyers- proof of funds and relative experience will be required from a buyer before more information is supplied
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