Property description

This investment opportunity in Pretoria East offers several compelling features for potential buyers:

Key Features:

Location & Accessibility:

• Situated on Lynnwood Road, a prime area experiencing rapid development.
• Close to security estates and new developments.
• Easy access for shoppers and suppliers, with ample parking space.

Property Details:

• 28,000 sqm stand with a 2,800 sqm complex.
• Architect plans in place to expand by an additional 1,000 sqm due to high demand for rental space.

Tenants:

• Eighteen tenants including major anchors like Savemore, Tops@Spar, Build-it, and Pharmacy@Spar.
• Well-known, branded tenants ensuring stable rental income.

Development & Growth Potential:

• Located in a high-growth area with current developments such as a private university and hospital.
• Positioned to benefit from ongoing and future expansions in Pretoria East.

Infrastructure & Services:

• Independently managed services except for electricity.
• Low impact from loadshedding due to independent generating facilities and borehole water supply.
• Strong security measures and good relationships with local SAPS and neighboring businesses.

Financial Benefits:

• No VAT or transfer duties if the purchaser is a VAT vendor.
• Company holds a R15 million accumulated tax benefit.
• Potential for quick transfer of ownership (7 days).
• Internal private financing options available for purchasers with secure financial history, requiring a 50% deposit.

Investment Highlights:

• Secure Anchor Tenants: Reliable and well-known brands providing steady rental income.
• Expansion Potential: Plans for additional space due to high demand, increasing future rental income potential.
• Strategic Location: Prime area with rapid development, ensuring continued growth and increased property value.
• Resilient Infrastructure: Independent services and low loadshedding impact ensure continuous operations.
• Financial Advantages: Significant tax benefits and possible swift transfer of ownership.

This shopping centre presents a solid investment opportunity with both immediate and long-term benefits, making it a lucrative addition to an investment portfolio.

Neighbouring Areas

Arathorn Estate , Boardwalk Manor Estate , Boardwalk Meander Estate , Boardwalk Villas , Boschkop , Bronberg , Cormallen Hill Estate , Heron Hill Estate , Mooiplaats , Olympus , Olympus Country Estate , Tiegerpoort , Zwavelpoort