Investment Property : Prime Retail Space Available for Purchase in Popular Harrington Street
INVESTMENT OPPORTUNITY - 9% NET YIELD
Current tenant just signed on a 3 year lease with renewal (Possibility of purchasing at a 9% net yield with large capital appreciation potential).
Amazing ground floor retail space in a new development available for purchase: Internal size of 241sqm, outdoor lane of 180sqm can be leased for R125/sqm gross if required.
Highlights of the space include:
- Eight Opening Double Doors to the Public.
- Access to the lane
- A prime location on Harrington Street, which has undergone big development, and is still undergoing even bigger development in The Easy City.
- The prime retailer will be able to provide food and drinks to the 48 short stay apartment hotels units above the retail space, in The Harri.
- The retailer will also be able to operate normally to walk-in trade, and can serve on uber eats and Mr D, therefore there are essentially three revenue streams of income.
- Access for trucks to offload supplies in a secure environment.
- Cameras installed in and around the building.
- There is a 24-hour concierge at the Harri, which can be utilised.
- The Landlord is offering a Tenant Installation Allowance for every year of a lease signed, either a month of beneficial occupation will be given, or a month of a Tenant Installation Allowance.
- Liquor license has already been secured and is transferable to any new retailer.
- The space can be cut into two spaces, or even four if necessary.
- Option to Purchase: R6.7 million Excl Vat. translating to a 9% net yield ex VAT
Contact for additional information or to arrange a viewing
Current tenant just signed on a 3 year lease with renewal (Possibility of purchasing at a 9% net yield with large capital appreciation potential).
Amazing ground floor retail space in a new development available for purchase: Internal size of 241sqm, outdoor lane of 180sqm can be leased for R125/sqm gross if required.
Highlights of the space include:
- Eight Opening Double Doors to the Public.
- Access to the lane
- A prime location on Harrington Street, which has undergone big development, and is still undergoing even bigger development in The Easy City.
- The prime retailer will be able to provide food and drinks to the 48 short stay apartment hotels units above the retail space, in The Harri.
- The retailer will also be able to operate normally to walk-in trade, and can serve on uber eats and Mr D, therefore there are essentially three revenue streams of income.
- Access for trucks to offload supplies in a secure environment.
- Cameras installed in and around the building.
- There is a 24-hour concierge at the Harri, which can be utilised.
- The Landlord is offering a Tenant Installation Allowance for every year of a lease signed, either a month of beneficial occupation will be given, or a month of a Tenant Installation Allowance.
- Liquor license has already been secured and is transferable to any new retailer.
- The space can be cut into two spaces, or even four if necessary.
- Option to Purchase: R6.7 million Excl Vat. translating to a 9% net yield ex VAT
Contact for additional information or to arrange a viewing
Monthly Levy
R10
Monthly Rates
R10
Total
R20
Features
Zoning
Interior
Exterior
Sizes
Listing Info
Gardens, Cape Town
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Annenberg website is accurate and up to date, Annenberg makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
