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Shopping center (Great investment)
POPULATED : SHOPPING CENTRE FOR SALE : GREAT INVESTMENT : BUILDING PROSPERITY
EAST RIDGE BUILDING AND DESIGN CENTRE is centrally located between prime new developments on Lynnwood road, Pretoria East.
These includes the finalization of a private university and approved hospital. Development and growth in Pretoria East is booming and
will continue for many years to come. It is definitely a much safer area to develop , live and operate a business from. The location give
us the advantage to operate normally when it is difficult for other shopping centres in challenging and interrupting weather and political
conditions to function.
EAST RIDGE was developed in the”Activity Centre Principle”as found on the outskirts of most major Cities in the USA. The principle is to
provide retail facilities at low cost. This North Viewing, Prime Location in one of the busiest markets in Gauteng, make it a great investment.
It is easy accessible and located opposite the Boschkop Road turn-off.
The stand is 28 000 m2 and the buildings 2800m2. An architect is in the process with applications to develop another possible +-1000m2 for
the anchor tenant due to high pressure on their current available retail space and amazing growth. The plans to expand was made even more
necessary due to a constant influx of requests for new rental space. Tenants are comfortable to spend money towards infrastructure to meet
the demand of a rapidly growing customer base, realizing that they will reap the benefits in this expanding market.
The Centre consists off eighteen tenants, anchored by Savemore, Tops@Spar, Build-it and Pharmacy@Spar (all 4 SPAR brands). Except for electricity
supply from Tshwane , all other services are independently owned/managed. Profitability and growth, cobined with strong retailers, enabled all the
tenants to do business as usual in times of loadshedding with their own generating facilities. We are furthermore very fortunate to experience less
loadshedding than other areas.
East Ridge has built great personal relationships with our loyal and diverse customer base, through owners and personnel that operates as a family,
creating an enjoyable experience for our tenant and customers alike. A close and active community, active security company involvement and good
relationship with our servicing SAPS and good relationships with neighboring businesses are major contributing factors to create safety and stability.
This enables business owners to operate extended business hours, if the need arises, in a safe environment.
East Ridge, with its north facing, prime location, is a safe and friendly environment, almost a home away from home,
for most of our tenants and personnel, a great place to work and shop.
Projections : Netto annual rental income : Gross annual income
FY 2024 : R3 473 623 : R 5 263 756
FY 2025 : R3 908 181 : R 6 567 513
FY 2026 : R4 189 448 : R 7 212 151
FY 2027 : R4 491 148 : R 7 920 576
FY 2028 : R4 814 778 : R 8 708 863
FY 2029 : R5 161 950 : R 9 587 124
FY 2030 : R5 534 392 : R10 566 858
FY 2031 : R5 933 964 : R11 661 146
FY 2032 : R6 362 661 : R12 884 883
FY 2033 : R6 822 628 : R14 255 041
A bonus is that this Company also have accumulated tax benefit.
Their is no VAT or transfer duties payable , only transfer of shares.
It is possible to finalise a transaction in 7 days.
Own this by contacting me
