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2,076m² Retail For Sale in Gillitts

R30,000,000

Web Ref No JK2076NG16

Investment Opportunity of a Lifetime: Prime 2,076m² Shopping Centre For Sale in Gillitts!

Prime Investment Opportunity: 2,076m² Shopping Centre For Sale in Gillitts

Welcome to a lucrative investment prospect in the heart of Gillitts! This remarkable shopping center presents a rare chance to own a vibrant commercial hub, strategically located in a bustling area poised for exponential growth.


Property Highlights:

Diverse Retail Mix: With 24 shops spanning across the ground floor, ranging from 200m² to 40m², this shopping center caters to a wide array of businesses, ensuring a dynamic and bustling atmosphere.

Modern Strip Mall Design: The ground floor boasts a contemporary strip mall design, offering a convenient layout for shoppers and maximizing visibility for tenants.

Sectional Titled 1st Floor: Enjoy the flexibility of a sectional titled first floor, providing additional space for expansion or leasing opportunities.

Ample Parking: Convenience is key with ample parking facilities, ensuring ease of access for customers and tenants alike.

Approved for Further Expansion: With 2,000m² of additional common area ground approved by town planning development, there's substantial potential for further growth and enhancement of the center.

Impressive Initial Yield: Benefit from an initial yield of 10.5%, providing investors with a solid return on investment from the outset.


Commercial Area Profile for Gillitts:

Gillitts is a thriving commercial district, characterized by its strategic location and burgeoning economic activity. Situated amidst a growing residential community and surrounded by key transportation routes, this area presents an attractive destination for businesses and shoppers alike. With a robust local economy and a supportive business environment, Gillitts offers the perfect backdrop for commercial success.


Why Invest in the Commercial Property Sector?

Investing in commercial property offers numerous advantages, including:

Stable Income Streams: Commercial properties often generate reliable rental income, providing investors with a steady cash flow.

Capital Appreciation: As demand for commercial space increases, property values tend to appreciate over time, offering the potential for long-term capital growth.

Diversification: Commercial real estate offers diversification benefits for investors, helping to spread risk across different asset classes.

Inflation Hedge: Commercial leases often include escalations tied to inflation, serving as a hedge against rising prices and preserving the purchasing power of rental income.


Don't miss out on this exceptional opportunity to own a premier shopping center in Gillitts. Contact us today to arrange a viewing and take the first step towards securing your future in the lucrative commercial property sector!

Features

Zoning Mixed Use
Floor Size 2,076m²
Land Size 2,022m²
Security Yes

Broker Contact Details

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