This property is strategically situated in the heart of Cape Town City Centre, offering an excellent investment opportunity with strong tenant occupancy. The building is a two-story structure, featuring a 24-hour superette.
The superette tenant contribute 60% of their annual rent upfront, with the remaining 40% paid monthly. The current lease agreement, are set for a five-year term with an annual escalation rate of 7% and will end 31st of December 2027.
The Advertising space tenant, are billed monthly in advance. The advertisement space agreement has an 8% annual escalation and ends 31st of May 2027.
Detailed lease agreements are available for review upon the signing of a Non-Disclosure Agreement (NDA).
Price is exclusive of VAT.
