Web Ref No 6155558

LUCRATIVE PRETORIA EAST SHOPPING CENTRE WITH SECURE ANCOR TENANTS & AMPLE SPACE FOR EXPANSION

Lucrative investment opportunity - shopping complex (28 000 sqm stand & 2 800 sqm complex), with secure well-known branded tenants, located on Lynnwood Road, between security estates and prime new developments in Pretoria East.

• Consists of eighteen tenants, anchored by Savemore, Tops@Spar, Build-it and Pharmacy@Spar (all 4 SPAR brands).

• Complex was developed in accordance with the ‘Activity Centre Principle’ as found on the outskirts of most major cities in the USA. The principle is to provides retail facilities at low cost.

• Prime, north facing location in one of the fastest developing areas in Pretoria East, with ample parking and easy access from Lynnwood Road for both shoppers and suppliers alike.

• An architect is currently attending to applications to develop a further +-1 000 sqm for anchor tenants due to high pressure on their current available retail space and amazing growth. The plans to expand were necessitated by constant requests for new rental space.

• Except for the electrical supply from Tshwane, all other services are independently owned/managed. Profitability and growth, combined with strong retailers, enables all the tenants to do normal business during loadshedding with their own generating facilities. The borehole supplies more water than is required.

• The complex experiences low volumes of loadshedding as the supplying substation does not take kindly to being switched off regularly.

• A close community, active security company involvement and good relationships with the servicing SAPS and neighboring businesses, are major enhance the safety and stability of the shopping complex. This enables business owners to operate for extended business hours, should the need arise, in a safe environment.

• Most of the tenants have their own generators.

CURRENT DEVELOPMENTS IN THE AREA:
• Private university
• Hospital
• Pretoria East is expanding at an alarming rate & this complex is in the direct path of the development.

FINANCIAL INFORMATION:

• No VAT or transfer duties will be payable, only the transfer of shares, if the purchaser is a VAT vendor.
• A bonus is that this Company also has a R15 million accumulated tax benefit.
• It is possible to finalise a transfer of ownership in 7 days.
• Internal private finance on payment of a 50% deposit, is possible if the purchaser has a secure financial history.

Contact agents for an appointment.