ONLINE AUCTION Bidding Start Time: Wednesday 28 September 2022 @ 09:00 Bidding End Time: Thursday 29 September 2022 @ 14:30 Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent.
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 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 per month OR R4,115,664 per annum. • 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) • Rates: TBC • Zoning: TBC
Web Ref: 571115
Payment Terms: 2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only. Balance payable on Transfer.