R58,000,000 | 12,718m² Retail For Sale in Woodmead

This prime shopping centre, fully let and situated in the highly sought-after Woodmead area, offers an exceptional investment opportunity. With 18 established tenants, including doctors' rooms, a dentist, pharmacy, Postnet, restaurants, and more, the centre is conveniently located with easy access to all major motorways. The property is designed for convenience, featuring ample parking for shoppers and covered parking for tenants. Security is a top priority, ensuring a safe environment for both patrons and tenants. The centre has consistently performed well, even during challenging times, with all tenants remaining secure and meeting their financial obligations. Potential investors can receive the latest income and expense reports upon request.

This low-maintenance, face brick centre generates a net monthly income of R545,373.00 plus VAT, translating to a net annual income of R6,544,476.00 plus VAT, and offering a solid 11% yield. The property covers an erf size of 12,718 m² and includes public male and female toilets. The sale is a VAT transaction, with the potential to zero-rate it. With its great location, strong tenant mix, and robust returns, this shopping centre is a valuable addition to any investment portfolio. For viewings please contact Gary at 065-733-7555