Property Details

RETAIL UNIT TO LET IN BOARDWALK PRECINCT, FAERIE GLEN

Prime Retail Space in a Vibrant Location

Welcome to an exceptional retail opportunity in the heart of the Boardwalk Precinct, Faerie Glen. This spacious 235m2 unit, previously occupied by a restaurant, is now available for lease. It is ideally suited for another restaurant, a showroom, or any other type of retail business.

Versatile and Spacious

The unit offers a generous indoor area complemented by a 100m2 outside seating area, perfect for customers to enjoy the lush views of the Moreletta stream and Boardwalk Bird Sanctuary. Additionally, there is a 101m2 covered patio area, providing a versatile space for dining or display purposes.

Detailed Rental Information

Per m2 rate: R120,00

Area (m2): 235,00

Floor Total Amount: R28 200,00

Generator Maintenance: R5.50/m2 - R1 292,50

Operational Cost Rate: R20.00/m2 - R6 988,00

Municipal Rates / Utilities: R22.12/m2 - R9 962,85

Covered Patio Area Rate per m2: R49.00 - R4 949,00

Outside Seating Area Rate per m2: R39.00 - R3 900,00

Service Yard Area (14.40 m2) Rate per m2: R39.00 - R561,60

Total Gross Rental (VAT Excl.): R55 853,95

Average Rental: R124,01

Prime Features

Outside Seating Area: 100m2, ideal for al fresco dining or customer lounging.

Covered Patio Area: 101m2, versatile for various uses.

Scenic Views: Overlooking Moreletta stream and Boardwalk Bird Sanctuary.

Service Yard: 14.40m2, functional for operational needs.

Strategic Location

Situated in the bustling Boardwalk Precinct, this unit benefits from high foot traffic and visibility, making it an excellent location for any retail business. The area is known for its vibrant atmosphere and is a popular destination for shopping and dining.

Access Cards R80.00 (Excl VAT)

Operational Cost includes: Maintaining of garden + Public & common area maintenance & security

Municipal Rate to escalate as per actual increase charged by the relevant Municipality in July every year irrespective of the commencement date of this Agreement of Lease.

3 Year Lease

9% Escalation

Elevate Your Business Presence

Don't miss this opportunity to establish your business in a prime retail location where excellence and convenience meet. Contact us today to arrange a viewing and elevate your business presence at the Boardwalk Precinct, Faerie Glen.

P00007057