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!