Commercial space in Glen Marais

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Prime Retail Investment Opportunity in Glen MaraisDiscover a well-established small retail centre situated in the thriving area of Glen Marais, Kempton Park. This exceptional commercial property offers a robust investment opportunity, boasting prominent main road frontage that ensures high visibility and consistent foot traffic. The centre benefits from a reliable tenant mix, secured by long-term leases with built-in rental growth, providing a stable and predictable income stream for investors.Currently operating with seven established tenants and one available unit, this property presents immediate income potential with room for further optimisation. The convenience of prepaid electricity in all units, coupled with separate water meters for some, streamlines utility management. With a current gross rental income of R 52,000 per month plus utilities, this centre is designed for profitability.Spanning an erf size of 991 sqm, the property includes ample parking with 7 dedicated spaces, catering to both tenants and customers. The entire operation is professionally managed, making it an ideal acquisition for an absentee landlord seeking a hassle-free investment. Please note that the seller is not VAT registered, and therefore, transfer duties will be applicable.This is a rare chance to acquire a strategically located and financially sound retail asset in a sought-after commercial hub. Arrange a viewing to fully appreciate the potential of this outstanding investment.Key FeaturesWell-established small retail centreProminent main road frontageReliable tenant mix with long-term leases and rental growthSeven existing tenants with one vacant unitCurrent gross rental of R 52,000 per month plus utilitiesAll units with prepaid electricity some with separate water metersProfessionally managed, ideal for absentee landlords991 sqm erf size with 7 parking spacesLocated in Glen Marais, Kempton ParkDAZZLE REALTORS PTY LTD trading as REMAX Dazzle Kempton Park operates in terms of a franchise agreement with REMAX of Southern Africa.

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