The subject property is a small neighbourhood convenience centre with four residential flats, a residential house and a small community mosque adjoining. The convenience centre comprises of a Savemor supermarket, a furniture store, a liquor store, a clothing store, a cell shop and a funeral home. All tenants have their own water and electricity meters for pre-paid services.
To the immediate east of the centre is a small commercial and industrial area which drives foot traffic during the day, while evenings and weekends the store benefits from being the only formalised retail for the entire area of Le Roux and Groendal.
Land Size – 2,054m2
GLA – 1,452m2
Anchor Tenant – Savemor Groendal
Anchor Lease Expiry – 15-01-2021
Net Annual Income – R 1,331,707.78
