R 6 700 000 | retail property for sale in gardens

INVESTMENT OPPORTUNITY - 9% NET YIELD Current tenant just signed on a 3 year lease with renewal (Possibility of purchasing at a 9% net yield with large capital appreciation potential). Amazing ground floor retail space in a new development available for purchase: Internal size of 241sqm, outdoor lane of 180sqm can be leased for R125/sqm gross if required. Highlights of the space include: - Eight Opening Double Doors to the Public. - Access to the lane - A prime location on Harrington Street, which has undergone big development, and is still undergoing even bigger development in The Easy City. - The prime retailer will be able to provide food and drinks to the 48 short stay apartment hotels units above the retail space, in The Harri. - The retailer will also be able to operate normally to walk-in trade, and can serve on uber eats and Mr D, therefore there are essentially three revenue streams of income. - Access for trucks to offload supplies in a secure environment. - Cameras installed in and around the building. - There is a 24-hour concierge at the Harri, which can be utilised. - The Landlord is offering a Tenant Installation Allowance for every year of a lease signed, either a month of beneficial occupation will be given, or a month of a Tenant Installation Allowance. - Liquor license has already been secured and is transferable to any new retailer. - The space can be cut into two spaces, or even four if necessary. - Option to Purchase: R6.7 million Excl Vat. translating to a 9% net yield ex VAT Contact for additional information or to arrange a viewing