470 m² Retail Space in Durbanville Central

Prime Retail Opportunity has come available at Palm Grove Center. This space is located in a high traffic area with access from the road and direct parking. This strategical location provides a unique opportunity for businesses looking for a high exposure, ample traffic and one of the best retail locations in Durbanville.

* 470m @ R175/m (R82 250,00 excluding VAT).

* Unit Description: White-box area. Screed flooring. Good lighting throughout. Air conditioning covering the area. Bathroom facilities.

* Lease Period: A 3-year secure lease will be required to occupy the site.

* Beneficial Occupation of one month for site maintenance.

* Tenant Installation Allowance: The landlord generously provides a tenant installation allowance of R 246,750.00 (excl. VAT). This allocation subsidizes the tenants fit-out costs, which are calculated at one months rent per year of the lease (3 Year lease).

* Other payments: In addition to base rent, tenants are responsible for electricity, water, garbage, sewer and utilities.

* Dues: Tenants must pay rent, utility deposit and rent.

* Deposit: The total amount is equal to 3 months rent plus 15% based on the last year of rent.

* Parking: There is plenty of parking for visitors and employees.

Additional Information:

Turnover Percentage: 5% turnover policy is applicable.

Special conditions: Potential tenants must submit 3D drawings or drawings showing their recent fit-out specification, including furniture, displays, interior and exterior signage.