Description:
Fully let Retail Centre, anchored by Shoprite
New 10 year Shoprite lease on transfer, plus three 5 year renewal options
New 5 year Shoprite Liquor lease on transfer, plus four 5 year renewal options
New 5 year Shoprite K'nect lease on transfer, plus four 5 year renewal options
Erf size: 13 240m²
GLA: 5 633m²
Projected GAI: ± R12.1 million
Additional tenants include: Capitec Bank, Hungry Lion, PEP, PEP Cell, Khayelitsha Hardware, Home Display, multiple ATM's and others
Very strong pedestrian and taxi node
Existing plans for anchor tenant extension and further shops
R 500 000 Registration Fee
Letter of Comfort from Financial Institution
Transaction Attracts VAT