16,228m² Retail For Sale in Bartletts A H
Property: Atlas Lifestyle CentrePrice: R120,000,000 ex Vat - Price reduced (R130m)Yield: Cap Rate 11%Background: This shopping centre has been used previously by Wetherlys, Osiers and other big retail shops. Currently there are various smaller anchor tenants.Mercantile Bank, Lighting Warehouse, Century 21 Properties, Mistry’s Pine Furniture, Tour De France Cycle shop, Much Better, Car wash and Furniture Warehouse, Sotran Furniture.There are many other tenants who trade in the main area known as the Oriental City.Location: This property is located in Boksburg on Atlas Road next to the Atlas Road Off ramp on the N12.Features:GLA: 16,228m² Land Size: Approximately 44,000m²Zoning: IndustrialLayout:Access can be gained via North Rand Road or Middel Road. There are Car dealerships in front of this building facing Atlas Road.Financial:Available once a client has signed an NDA or has viewed the property.S.W.O.T AnalysisStrengths? – Well located Property, its location is very good in that it is on the Atlas Road off/on ramp to the N12. There are at least 1,5 million feet per month driving past.The property borders in the South onto the North Rand Road.Excellent Location being between Benoni and Boksburg.Weaknesses? – By keeping the Oriental Centre it is not attracting a high volume of people. Opportunities? – By getting a huge anchor tenant in where the Oriental Centre is like a Wetherlys or Osiers or even an OK Bazaars. Boksburg, Kempton Park and Benoni need a large exclusive furniture shop which caters for the wealthy. As all the wealthy people from Lakeside, Ebotse, Serengeti, Dainfurn and any other wealthy estates in the area.They shop in Sandton. Threats? – None.other than opening a business in opposition to another franchise like SPr, PnP, Woolworths ?Conclusion as to why this is a good property to purchase:This building is located in a Prime Spot and is under utilised.
Bartletts A H, Boksburg
Boksburg, a quiet city in the East Rand of Gauteng has become one of the province’s most popular regions. The city’s history is a rich one, dating back to the early 1800s; a time where revolutions and developments were ripe all over the world and a move towards the modern era had begun. Boksburg was originally set up as one of South Africa’s first mining towns and has since flourished as an...
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