Industrial For Sale in Benoni

Prime Opportunity Benoni Central Retail Center Now Available for Sale. This single-story retail center in Benoni Central is a well-located property with convenient access to the N12 Highway. It is described as neat and safe, providing a favorable environment for businesses and visitors. Its location in an active business and residential area ensures good visibility and high foot traffic, which can benefit the retail stores within the center. The property consists of four plots of land, totaling 4284m2 in size. The gross lettable area (GLA) of the center is approximately 3100m2, indicating a significant amount of space available for retail stores. The center has a 90% coverage, meaning that most of the land has been built upon. Currently, the retail center comprises 44 stores, and it enjoys a high occupancy rate of 97%. The presence of long-standing clients suggests a stable tenant base, which can be attractive to potential buyers. For serious buyers interested in purchasing the property, detailed lease agreements, expenses, and income records are available, providing transparency and important financial information. The property is zoned as Business 1, indicating its suitability for various commercial activities. This zoning allows for flexibility in terms of the types of businesses that can operate within the retail center. As a result, potential buyers have the opportunity to explore different retail options and cater to the demands of the local market. The retail center generates a gross annual income of approximately R1.9 million. This figure represents the total income from the leases in a year before expenses and deductions. It is important for potential buyers to conduct a thorough analysis of the expenses associated with the property to assess the net income and potential return on investment. In summary, this retail center presents an attractive opportunity for potential buyers seeking a well-located property in Benoni Central. With established tenants, a stable income stream, and a favorable location, the property offers the potential for a successful retail investment. Features: Zoning Commercial Monthly Rates R19,025.00pm Excl. VAT Floor Size 4,284m