Retail space in Somerset West Business Park

Prime Commercial Property in Somerset West Business Park, consisting of 12 (mostly 50m2) units in a u-shape, with ample parking, access and established tenants in GB1 Zoning, including mixed and light industrial usage. The business park offers excellent security with a boomed area and 24 hour armed response, monitored cameras.

Erf size: 1355m2.

Building size: 589m2 - with approved plans for an additional 98m2.

No transfer Duty for Vat registered purchaser: Existing, established Vat registered CC comes with the land and buildings as sole asset.

12 lettable units (mostly 50m2), currently at between R85-R100m2, each with own kitchen cupboard and partitioned toilet & basin. Some are operated as double units on varying lease terms, including month-to-month, 1 or 2 year leases.

Parking: 12 tenant bays 8 public/client parking (incl 1 for disabled) and 3 loading bays with possibility to create extra parking at current grass verge.

Eskom electricity, some 3 phase, some 1 phase - new solar installation to mitigate load shedding.

Yield calculated at 7-8% plus annual growth of around 6%.

Logistics & transport: close proximity and access to major roads, N2, and railway station.

Sole, exclusive mandate - call for further details and to arrange a site visit.