Ref. No - BFS936275
South Africa, GautengRef. No - BFS936275
Sector - Property
Asking Price
R26,500,000
Monthly Profit
R 250,505
Asset Value
R 26,500,000
Stock Value
R 0
Yearly Net Profit
R 3,006,058
Summary
North of Pretoria fully rented out. 2886 square meter Gross Lettable Area Growth potential. Lots of passing traffic Manager run.
Give me more informationHow does the business operate on a daily basis?
The centre is managed by a manager handling the day to day activities of the shopping center.
What Advertising/Marketing is carried out?
none
What competition exists?
Normal shopping centre's in the area
How could the profitability of the business be improved?
The profitability can be improved if a bigger supermarket can be one of the tenants.
What is the total staff complement?
The center manager , one full time Cleaning staff and one casual worker working on weekends.
How involved is the Owner in running the business?
None
What are the main assets of the business?
The Shopping Centre is the main asset of the business
Strengths?
The Shopping centre has a prime position with high traffic exposure.12 million per year
Nearly fully rented out and has a manager in place...
It is a solid build building
Nearly fully rented out and has a manager in place...
It is a solid build building
Weaknesses?
A Facelift is needed that will make the shopping centre more attractive.
Opportunities?
The planning is done to do sectional titles for each shop
What is the reason for the sale?
The Owner wants to consolidate his businesses
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