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R 4 199 000 | retail property for sale in westonaria

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Property Description

Shop 1: Butchery: Loading bay, Cold-room (Lease agreement) Shop 2: (Occupied) Church (Lease agreement) Shop 3: (Occupied) General Dealer (Lease agreement) Shop 4: Cash Loans (Lease agreement) Outbuildings: 5 outside toilets and basins Floor area: 751 m2 (approximate) Extent: 1279 m2 WLM Rates: R 44 022.00 Annually, Insurance: R 15 000.00 Annually (approximate), Insured replacement value: R.6 258 346.00; Rental Income: Between R 35 000.00 - R 42 000.00 (when fully let); Annual escalation: Between 8% & 10%; Zoning: Business 1; Condition of building: Very good condition; (back section painted, toilets & taps repaired) etc. November 2016 Position: Building is excellently situated in the main road of the CBD opposite the Taxi rank & Pick & Pay; 1). The four shops are all fitted with prepaid electricity boxes. The water usage, sewerage and refuse removal is billed to the owner and is charged to the tenants on a pro-rota basis. 2) Description: Dimensions: Lateral left: 54.73 m Lateral right: 52.15 m Posterior: 22.04 m Street Front: - 46.4 m Boundary walls: 2-Metre-high prefabricated walls on boundary of adjacent property Parking: Available in yard for - 15 vehicles / street parking Building plans: Available Age: - 36 years Exterior walls: Plaster and paint with ceramic tile cladding on front facade, Roof: IBR roof sheeting, Shop Front: Anodised aluminium Sanitation: Each shop has a kitchen area with sink. The ablutions consist of a separate building in the yard providing a toilet with basin to each shop Ceiling: Suspended ceiling Light fittings: Each shop has about 14 light points Partitions: The walls are rendered with plaster and paint Floor covering: Vinyl and tiles Building: The block is architect designed and can accommodate a second floor.


Property Details

Property FeaturesShopping complex consists of 4 shops.

Purchase Price R 4 199 000

Type of PropertyRetail

Last Updated18 Nov 2019

Property Location

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