R11,000 Excl. VAT
Shopping Centre ( Suburban ) ForSale KZN South Coast - Pick n Pay / Engen - R30m neg
Compact suburban Shopping Complex on South Coast of KZN FOR SALE at an Asking Price of R30 million - Negotiable. About 20km form Port Shepstone..
Has a new 10 year lease with PICK n PAY (Corporate store not franchise), Pick n Pay Liquors, and an ENGEN filling station with QUICK SHOP, pumping in excess of 1 Million Litres per month. LONG ENGEN LEASE . It's the only filling station within a 20 km radius, and serves a massive township in addition to all road traffic on this main road, and holidaymakers. Long lease in place with operator for filling station..
The smaller stores have short leases ( this was landlords' strategy of operating BUT can easily be changed ) . If another two or three National tenants are secured in future, YIELDS can be dramatically increased. Asking R.O.I. about 6,50% based on R30 million. (Neg).
Centre needs some attention ie:- A Repaint.
Please call REGINALD for a confidential discussion.
Rooftop parking. Main street frontage. Huge catchment area. Closest filling station 20 km away..
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