R120 per m²
1 Hendrik Potgieter Road
Gross Monthly Rental
R384,720 Excl. VAT
R384,720 Excl. VAT
Lease Period
36 months
36 months
Availability
01 Apr 2023
01 Apr 2023
Motor Dealership
This motor dealership was previously leased by Lexus and is situated on the busy JG Strydom Road. It's also close to Hendrik Potgieter Road and adjacent to the Hillfox Shopping Centre. It is an aesthetically appealing building, with 2 motor showrooms, service centre, offices, ablutions, kitchens and lounge. There is ample and secure customer parking.
There is an option for a car dealership wanting to expand their operation to occupy the vacant 3 621m2 motor dealership space and to also purchase the entire property measuring 15 216m2. The buyer can enjoy the rental income of over R15 000 000 per annum, generated from both the Truck and Car Dealerships currently leasing 11 595m2.
There is an option for a car dealership wanting to expand their operation to occupy the vacant 3 621m2 motor dealership space and to also purchase the entire property measuring 15 216m2. The buyer can enjoy the rental income of over R15 000 000 per annum, generated from both the Truck and Car Dealerships currently leasing 11 595m2.
Features
Zoning
Retail
Title
Freehold
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Exterior
Security
Yes
Sizes
Floor Size
3,621m²
Extras
Motor Dealership; Previously a Lexus Dealership; Situated on a high traffic road; Occupation 1 April 2023; Ample customer parking