Commercial Property For Sale in Woodmead, Sandton

Prime Fully Let Shopping Center For Sale
This property is located in the highly sought-after area of Woodmead, offering convenient access to major motorways. With 15 tenants, this centre provides a variety of amenities including doctors' rooms, a dentist, pharmacy, Postnet, restaurants, and more. Investors can request the latest income and expenses for potential investment opportunities. The centre is fully tenanted and generates a monthly income of R545 373.00 plus VAT, with an annual income of R6 544 476.00 plus VAT. This translates to an 11% yield. Shoppers can enjoy ample parking space, while tenants have access to covered parking. All tenants have remained secure and paid their rent throughout the COVID-19 pandemic. The centre also offers security as well as public male and female toilets. Its attractive appearance, low-maintenance face brick exterior, and VAT transaction (with the option to zero-rate)...
This property is located in the highly sought-after area of Woodmead, offering convenient access to major motorways. With 15 tenants, this centre provides a variety of amenities including doctors' rooms, a dentist, pharmacy, Postnet, restaurants, and more. Investors can request the latest income and expenses for potential investment opportunities. The centre is fully tenanted and generates a monthly income of R545 373.00 plus VAT, with an annual income of R6 544 476.00 plus VAT. This translates to an 11% yield. Shoppers can enjoy ample parking space, while tenants have access to covered parking. All tenants have remained secure and paid their rent throughout the COVID-19 pandemic. The centre also offers security as well as public male and female toilets. Its attractive appearance, low-maintenance face brick exterior, and VAT transaction (with the option to zero-rate) makes it a desirable investment opportunity. Don't miss out!

Property Reference #: 113983431

Agent Details:
Mike Kibiego
Royal Abbai Properties - Fourways
Fourways