Shopping Centre - Bult Boulevard - Potchefstroom - For Sale
Property Location:
The property is located in Die Bult, Potchefstroom. Close to North-West University, Die Bult is a popular suburb for students.
Property Details:
The property is a Retail / Shopping Centre and it is graded as "Local Convenient Centre"
The erf size is 4,323.00 m2
The building size is 1,880.00 m2
There is a Shell filling station adjacent to the shopping centre but its NOT included in the Sale & does not belong to the mall owner.
Development has the following number of parking bays:
Open Parkings - 60
Covered Parking - 6
The power available on the property is Council power via Pre-Paid Meters for the tenants as well as a 100 KVA generator & grid-tied direct solar system. Solar power is sold to the tenant.
Zoning:
The property is Zoned Business 3 & is Zoned, Serviced and Proclaimed
Tenants:
Mix of tenants with long leases (some been in property fpr 20 years), Nationals and smaller tenants.
Financial Details:
For Sale:
The property is sold at a 10.5 % yield which gives an asking price of R 31.8m - Vat Excluded
Easy to manage property - Invoices colleted by agents. Current owner does it remotely !
P00005775
