2 500 m² Commercial space in Birch Acres
Birch Acres, Kempton Park, Gauteng
Lettable area read from the listing title — the lister did not state a figure. Confirm on inspection.
Listed by
Rienda Erasmus
Real Estate Services
Details
RETAIL CENTRE FOR SALE IN BIRD ACRES INCOME-PRODUCING INVESTMENT OPPORTUNITY COME MAKE A OFFER - 7 RETAIL SHOPS | 2,500m² BUILDING FOOTPRINT | 5,000m² ERFAn opportunity to acquire an income-producing retail centre in Birch Acres, positioned along a busy street with strong passing traffic, excellent visibility and a steady flow of customers.The property comprises 7 retail shops, situated on a substantial 5,000m² erf, with a total building footprint of approximately 2,500m².The centre is already generating income, with lease agreements in place and established tenants in good standing, providing an immediate income stream for the investor.CURRENT INCOMENet Monthly Income: R156,900Annual Net Income: R1,883,239.93SIGNIFICANT INCOME UPSIDEOf the 7 retail shops, 2 are currently vacant, creating an opportunity for the new owner to increase the centre''s income by securing additional tenants.At full occupancy, the estimated income could increase to approximately:Potential Monthly Income: R214,000Potential Annual Income: R2,435,839.92This gives the property an attractive value-add component, allowing an investor to improve the existing income position while potentially enhancing the overall value of the centre.VALUE-ADD OPPORTUNITYThe property does require some TLC and refurbishment, making it particularly interesting for an investor looking for a commercial property with the opportunity to modernise, improve the presentation and maximise the rental potential.With 7 retail shops, approximately 2,500m² of building footprint and a 5,000m² erf, the centre offers a substantial commercial property holding with existing income and room for further optimisation.INVESTMENT HIGHLIGHTS7 retail shopsApproximately 2,500m² building footprintApproximately 5,000m² erfExisting lease agreementsEstablished tenants in good standingCurrent net income of R156,900 per monthCurrent annual income of R1,883,239.932 vacant shops providing rental upsidePotential income of approximately R214,000 per monthBusy street with strong passing traffic and customer flowValue-add opportunity through refurbishment and improved occupancyAn opportunity to acquire an established retail property with income from day one, while retaining the potential to increase returns through leasing the vacant shops and giving the centre the TLC it requires.Contact me today for further financial information, lease details and to arrange a private viewing.
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