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R28,500,000

Monthly Rates
R30,000 Excl. VAT

3- Business and Commercial zoned Shopping centre for sale in Farrarmere. – Mercury Street.

Situated on a very busy street, this is an investment of a lifetime. The centre accommodates 9 tenants, mostly on annual leases and generates an excess of R200k pm in rental income. Slot machine revenue generates in the region of R100k pm, which profits are shared by both parties.
Electricity separately charged /low voltage.
350 KVA Generator (cost pm split between the tenants).
Rates and Taxes are also split between the tenants.
There are 3-4 options available to potential investors/buyers.

1)Mandatory option 1 : (R7.0m)
The seller is prepared to sell the fully licenced bar (Tenant 1) serving all types of beverages, ranging from soft drinks, beer, wines, spirits, cocktails, etc, etc. – (Monthly rental R58000). This business is a separate registered legal entity and cannot be acquired without the fully licenced and equipped food court (Tenant 2) which supplies the above bar with all types of meals, ranging from burgers, prawns, sushi, etc, etc. This business is also a separate registered legal entity (Monthly rental R19000). Monthly turnover for both the above is in the region if R1 million (R700k alcohol, R300k food) plus an additional R200k pm on takeaways.
Nett profit of R300k pm is earned.

2)Option 2: - (R1m plus stock)
Only if the above option is acquired can investors/potential buyers discuss the purchase of the Liquor City (Tenant 3) also a separate registered legal entity.

3)Option 3:
Only if Option 1 is included in the purchase, can investors/potential buyers look to acquire the entire centre which will include 6 additional tenants, the property, etc, etc (Monthly rentals for these 6 – R120k)

Features

0
0
Zoning:
Retail
Exterior
Security
No
Sizes
Floor Size
1,196m²
Land Size
3,478m²

Farrarmere, Benoni

Benoni is a sprawling city situated on the East Rand of Gauteng. This area forms part of the Greater Johannesburg region, and since 2000 has been part of the Ekurhuleni Metropolitan Municipality. The "City of Lakes" as it is now known, was proclaimed a municipality in 1907, and achieved city status in October 1992. Whilst Benoni started as a “gold town” it has evolved over the years and is...
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

376,629.60

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